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BUSINESS CHECKING ACCOUNTS
Silver Lake Bank has developed accounts to meet the needs of virtually all types of businesses. A $100 minimum deposit is required to open an account.


Commercial Analysis Checking
Designed for medium to large sized businesses with significant monthly activity.
  Features & Fees
Earnings credit applied each month against activity and other bank fees to eliminate or reduce service charges.
Monthly service charge is $10.
Fees for debit items include $.15 per check and $.05 per ACH debit.
Fees for deposited items include $.05 per SLB check and $.07 for all other checks.
No charge for internal funds transfers or ACH Deposits. Charges for ACH origination apply.
Monthly eStatement available.
Business Checking
This account is designed for businesses writing fewer than 50 checks and depositing less than 75 paper items per month.
  Features & Fees
No monthly service charge if ACB1 is $500 or more. $8.50 service charge if ACB1 is below $500.
50 check withdrawals monthly at no charge. Each additional withdrawal is $.25
75 paper deposited items monthly at no charge. Each additional paper deposited item is $.25
No charge for internal funds transfer or ACH activity, charges for ACH Origination apply.
Monthly eStatement is free. Paper statements are $2 per statement period.

Express Business
For the small business with minimal monthly activity.
  Features & Fees
No monthly service charge if ACB1 is $100 or more. $5 service charge if ACB1 is below $100.
25 free total check withdrawals and paper deposited items. Additional items over 25 are $.25 each.
No charge for internal funds transfer or ACH activity. Charges for ACH origination apply.
Monthly eStatement is free. Paper statements are $2 per statement period.
Express Club
Small informal clubs, groups and organizations will enjoy no monthly minimum balance requirement.
  Features & Fees
25 free total check withdrawals and paper deposited items. Additional items over 25 are $.25 each
No charge for internal funds transfer or ACH activity. Charges for ACH origination apply.
Monthly eStatement is free. Paper statements are $2 per statement period.
Commercial Cash Management Account
Designed to give large balance commercial customers the opportunity to earn interest on idle checking account funds.
  Features & Fees
Earn competitive interest rates on idle funds
Transfer of idle funds is automatic
Visible through Silver Express Internet Banking
Receive detailed daily confirmation of activity
Account secured by repurchase agreements and is not FDIC insured
Overdraft Coverage Options

Life happens! Silver Lake Bank understands that unexpected overdrafts occur from time to time. Overdraft coverage can help.

Silver Lake Bank has two options for you. Consider these ways to cover overdrafts:

  1. Sweep Overdraft Protection services apply to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account at Silver Lake Bank. This service is free!
  2. Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a fee in order to pay a transaction. Even if you have sweep overdraft protection, Overdraft Privilege is still available as secondary coverage if the other protection source is exhausted. Overdraft Privilege ‘Extended Coverage’ is automatically provided for business accounts. There is no cost to you for Overdraft Privilege or Overdraft Privilege Extended Service unless you use it. If used, fees will apply.


You can discontinue Overdraft Privilege 'Extended Coverage' by calling us at 785.232.0102 or toll free 877.232.0102, email us at slbank@silverlakebank.com or come by a branch.

Click here to read more about these services.
Click here for the ‘Consent Form for Overdraft Services’. (Service automatically provided to business accounts. This form also serves to revoke service.)
Click here to read the Consumer Financial Protection Bureau’s brochure ‘Know Your Overdraft Options’

 
1ACB= Average Collected Balance