Business Checking
Five checking account choices all with exceptional customer service.
Find Your LocationThe right account choices for your specific needs.
Business is built on credits and debits. Customers pay you for products and services. In turn, you pay suppliers and employees. It takes both sides of the equation to operate your business—stay balanced with MidSouth’s business checking. And best yet, all our business checking accounts offer FREE online banking with bill pay1, mobile banking, 24-hour telephone banking1, use of Midsouth Bank and Allpoint ATMs, Visa® debit cards, SecureAlerts and e-Statements.
Checking Options
eBusiness Checking
A low-cost checking account designed for the business customer who processes 150 or fewer items per statement cycle.
- Initial deposit to open account is $100
- No monthly maintenance fee if enrolled in e-Statements; otherwise, a $4.00 monthly paper statement charge
- $0.40 per item over 150 per statement cycle
- Cash handling fee of $1.00 per thousand after the first $10,000 per statement cycle
Not-for-Profit Checking
The perfect solution for non-profit organizations to help manage your group’s finances.
- Initial deposit to open account is $100
- No monthly maintenance fee
- No minimum balance
Business Super NOW
For Sole Proprietors and Public Funds only.
- Initial deposit to open account is $2,500
- $9 monthly service charge if daily ledger balance drops below $2,500 during statement cycle
- Item charges apply
- Ask about our current interest rates
Business Checking
Sufficient for most business customers processing up to 500 items per statement cycle.
- Initial deposit to open account is $100
- No monthly maintenance fee if average daily balance stays above $5,000; otherwise, a $15 monthly service charge applies
- $0.40 per item over 500 per statement cycle
- Cash handling fee of $1.00 per thousand after the first $10,000 per statement cycle
Commercial Checking (Account Analysis)
Ideal for larger companies who have high deposit activity or an interest in using credits to reduce service charges. A service charge is charged only when activity fees and maintenance fees exceed the earnings credit.
- Initial deposit to open account is $100
- Interest earnings credit on collected balance less 10% reserve on this account offsets service charges
- $20 maintenance fee per statement cycle
- Cash handling fee and item charges may apply
BUSINESS CHECKING BENEFITS
For Your Business
Your time and energy are precious and shouldn’t be spent on hurried trips to the bank or bouncing between accounts. We provide an array of Treasury Services to streamline your business needs and make your life easier.
- ACH Manager
- Business Mobile Banking
- Business Online Banking
- Electronic Federal Tax Payment System
- Merchant Services
- Positive Pay & Reverse Positive Pay
- Remote Deposit Capture
- Wire Manger
For Your Employees
Work Perks
We extend our loyalty to your employees, too. Our Work Perks Checking is a checking account with all the essentials your employees need.
Checking Account Features*
- Free first order of standard checks
- Free 24-hour telephone banking
- Free eStatements delivered to your valid email address
- Free Notary service
- Free Visa® Debit Card
- Free internet banking and bill pay with your valid email address
- MidSouth Select Benefits for $3.95 per month
Special Discounts
- Up to $100 discount on mortgage loan closing costs.**
- Discounted interest rates on installment loans with auto-debit payment.**
*Payroll direct deposit shall be required. Miscellaneous service fees such as dormant fees, non-sufficient funds, overdraft fees, paper statement fees and certain ATM transactional fees may apply.
**Subject to credit approval. All benefits listed are subject to change at any time without notice.
Interested in Opening an Account?
1Messaging and data rates may apply.
Charges Common to All Accounts: Specific fees can be found in our Charges Common to All Accounts schedule. Ask your banker for a fee schedule.
Interest Rate and Annual Percentage Yield: At our discretion, our interest rate and annual percentage yield may change at any time. You must maintain the minimum balance stated for your account each day to obtain the annual percentage yield listed under “Current Rate Information.” Interest begins to accrue no later than the business day on which we receive credit for non-cash items (for example, checks). The daily balance method is used to calculate the interest on your account and the amount of interest you earn is based on the daily collected balance. The daily balance method applies a daily periodic rate to the full amount of principal in the account each day.
Dormant Account Service Charge: A checking account is considered dormant if there has been no deposit to or withdrawal from the account for a period of twelve (12) months. All regular service charges apply to dormant accounts. Accounts which are considered dormant will be service charged an additional $10 per statement cycle in addition to the routine service charge applicable to your account. This charge is applicable to all Checking accounts.