WooHoo! Business

Has your bank lost interest in you? Check out our High Yield Business Checking Account!

  • Earn 0.10% APY up to $14,999.99
  • Earn 0.20% APY from $15,000 up to $49,999.99
  • Earn 0.35% APY from $50,000 up to $99,999.99
  • Earn 0.50% APY from $100,000 and up

The account will offer 500 items free per month with a $0.15 per item charge after 500 items for all WooHoo! Business account holders.

Qualifications:

To receive the bonus rate and waive the $15.00 service charge for each qualification cycle:

  • Must have at least 15 Business Check Card purchases post and settle
  • Must be enrolled and receive a monthly e-statement via internet banking

0.10% Annual Percentage Yield (APY) – 0.10% interest rate - paid on balances between one penny and $14,999.99, 0.10% - 0.20% APY paid on balances between $15,000.00 and $49,999.99, 0.20% - 0.35% APY paid on balances between $50,000.00 and $99,999.99, 0.35% - 0.50% APY paid on balances from $100,000.00 and above, each qualification cycle the minimum requirements are met. If these monthly requirements per qualification cycle (which is the same as your statement cycle) are met, we will pay a bonus interest rate and the $15.00 service charge will be waived for that qualification cycle. If these monthly requirements per qualification cycle are not met, a non-qualified APY of 0.10% for the entire qualification cycle will be paid; however, a $15.00 service charge will be assessed to your account. The account will offer 500 items free per month with a $0.15 per item charge after 500 items for all WooHoo! Business account holders. Available for business accounts only. Rates as of 8-15-17. We may change the interest rate and APY on your account monthly. No minimum balance required. Fees may reduce earnings. We use the average collected balance method to calculate the interest on your account and interest will be compounded and credited every month. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items, (for example, checks).
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Citizens Bank Minnesota Client Service RepresentativesBasic Business Checking

When your business is smaller, concentrating on your business is vital, so you don't need a complicated checking account taking up any of your time.

The Citizens Basic Business Account keeps things simple, the way they should be. Perfect for the home-based and sideline business, or a non-profit organization.

Summary

  • Free ATM/Check Card
  • Free Online Banking
  • Online Bill Payment
  • Free e-Statements
  • Free Citizens-On-Call Telephone Banking
  • Detailed monthly statement 

Sweep Option

Citizens can sweep money from your checking accounts to/from a line of credit automatically.

Click here to find out more about our Sweep Accounts!


Easy Business Checkingbusiness owner wearing apron

Once you're on your feet and business is booming, you will find your company growing. And as it grows, you'll find yourself writing more checks and needing more banking services.

Citizens Bank Minnesota has developed Easy Business Checking to grow right along with your business.

Summary

  • Low Monthly Fee*
  • Free ATM/Check Card
  • Free Online Banking
  • Online Bill Payment
  • Free e-Statements
  • Free Citizens-On-Call Telephone Banking
  • Detailed monthly statement

Online Business Cash Management, Remote Deposit, Merchant Services and Business Credit Cards are available to all businesses. Fees may apply to certain services. Please contact us for details.

*Must have 3 other core relationships & e-statements to waive the fee.

Sweep Option 

Citizens can sweep money from your checking accounts into an interest bearing account or to/from a line of credit automatically.

Click here to find out more about our Sweep Accounts!


woman in business suit in an officePremier Business Checking

For larger businesses that demand more from their checking account, Premier Business Checking features our low per-item charge and full analysis statement that helps improve your cash management.



Summary

  • Low monthly fee
  • Free ATM/Check Card
  • Free Online Banking
  • Online Bill Payment
  • Free e-Statements
  • Free Citizens-On-Call Telephone Banking
  • Detailed monthly statement with analysis for improved cash management
  • Competitive earnings credit to offset account maintenance fees

Online Business Cash Management, Remote Deposit, Merchant Services and Business Credit Cards are available to all businesses. Fees may apply to certain services. Please contact us for details.

Sweep Option

Citizens can sweep money from your checking accounts into an interest bearing account automatically.

Click here to find out more about our Sweep Accounts!

Unlawful Internet Gambling Enforcement Act (UIGEA) 


How to Open a Business Checking Account

To open a Citizens business checking account today, bring the documents listed below to any of our offices.

1. Your business Employer Identification Number (EIN) or tax ID number (sole proprietors can use the owner's Social Security number).

2. Articles of Incorporation, Articles of Organization, or a charter or a similar legal document that indicates when your company was formed (not required for sole proprietors).

3. A government issued photo ID and Social Security number for you and anyone else authorized to sign checks or make transactions on behalf of your organization.

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Time versus MoneyRemote Deposit

Don't lose time rushing to the bank with your business deposits. Deposit them electronically with our secure software & check scanner!

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Accept major credit & debit cards with your smartphone or tablet! Fast, secure & easy to use!

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With our wide range of business insurance services, we can help make sure you're covered.

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