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Business Checking

March 29, 2023


Learn more about the other checking options available!

The Bank of Elk River’s Business Checking Account is designed for more active businesses and includes an increased debit volume limit.


  • Free Digital Banking
  • Free Online Bill Pay
  • Free Mobile Deposit Banking via browser or app (Apple® or Android™)
  • Free monthly paper statements with check images. You can also upgrade to free eStatements reducing your paper trail thereby decreasing the risk of identity theft, fraud and postal delays.
  • Free telephone banking using The Bank of Elk River’s InfoLine service
  • No fees on the first 200 debits per month
  • No fees on the first 100 items deposited per month
  • Simplified Employee Pension (SEP) plans
  • Additional services that have nominal fees, but can save you and your business valuable time and money:


  • $25 minimum opening balance.
  • $1000 minimum balance.
  • $8 monthly balance fee if balance requirement is not met.
  • For every debit item over 200, a $0.25 fee will be charged.
  • For every non-Bank of Elk River item deposited over 100, a $0.25 fee will be charged. This is also known as a transit fee.

¹Subject to credit approval.