Business Checking

Free Small Business Checking | Basic Business Checking | Money Market Checking | Premium Checking

Whether your company is a business, a professional practice, a farm or a non-profit organization, Kentucky Bank has the resources to help you save time and money by managing your money more efficiently.

Most clients find that Kentucky Bank is the most affordable bank for business accounts. Because we are local, we process your business locally. That also means you have fast access to your deposited funds.

 

Free Small Business Checking
Kentucky Bank’s FREE small business checking account is designed for most businesses with low to moderate levels of transactions.

  • No monthly maintenance fee with minimum or average balance requirements
  • Up to 200 no-charge transactions per month, including checks paid, deposits, deposited items and cash per statement cycle
  • Free Online Banking using the personal online banking system
  • Free setup of your merchant processor services
  • MasterCard Business Debit Card
  • Monthly statement with images of checks and deposits
  • $100 minimum deposit to open account
  • $.25 per item after 200 transactions
  • Funds in Business Checking are combined with other accounts of the same entity and insured by the FDIC up to $100,00
  • Fee schedule

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Basic Business Checking
A Kentucky Bank basic business checking account is designed to allow businesses to use their balance to "pay for" their banking services. This non-interest checking account receives an earnings credit that is then used to offset most service and transaction fees associated with commercial accounts.

  • The rate for earnings credit on investable balance, which changes monthly, is based on a fair market short-term interest rate.
  • $10 monthly maintenance charge
  • $.14 per check paid on the account
  • $.07 per electronic debits on the account
  • $.24 per deposit made to the account
  • $.12 per electronic credits to the account
  • $.08 per deposited item
  • Monthly statement with images of checks and deposits
  • MasterCard Business Debit Card
  • Fee schedule
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Money Market Checking 
Our Money Market checking account pays interest and offers you the ability to write up to three checks per month. Deposit balances determine interest rates.
  • $1,000 minimum deposit to open account
  • $1,000 minimum monthly balance to avoid service fees
  • $8 service fee if daily balance is below $1,000
  • Interest is earned on average collected daily balance. Current deposit rates
  • Interest is compounded and paid monthly
  • Interest is earned each day the balance is $1,000 or more
  • MasterCard Business Debit Card
  • Check writing and withdrawal limitations: Regulations permit 6 transfers and withdrawals per statement cycle; up to 3 transactions may be made by check, draft or debit card, the remainder may be pre-authorized (automatic) transfers
  • Monthly statement with images of checks and deposits
  • Fee schedule
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Premium Checking*
Earn interest on your sole proprietorship or non-profit organization checking account by maintaining a $1,000 balance. You can write as many checks a month as you need at no extra charge.
  • $1,000 minimum deposit to open account
  • $1,000 minimum monthly balance to avoid service fees
  • $8 service fee if daily balance is below $1,000
  • Interest is earned on average collected daily balance. Current deposit rates
  • Interest is compounded and paid monthly
  • Interest is earned each day the balance is $1,000 or more
  • MasterCard Business Debit Card
  • Monthly statement with images of checks and deposits
  • Fee schedule
*Not available to Partnerships or Corporations.
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