Account Options

Bank of Ann Arbor offers several business checking and savings account options for your business. All Bank of Ann Arbor business checking and savings accounts offer:


A relationship-based checking account for businesses with sophisticated banking needs.

  • A $1,000 deposit opens your account.
  • Monthly fee is based on earnings credit rate and account activity.

A checking account designed especially for smaller businesses. The low balance requirement means more money is available to help your business grow. It's another way a local bank helps you compete in today's marketplace.

  • A $100 deposit opens your account.
  • No maintenance fee if you maintain a balance of $1,000 or more during the month. Otherwise, a $10 maintenance fee is charged for that month.
  • Checks, withdrawals and deposited items in excess of 300 during the statement period are $0.35 each.

A checking account for businesses that want unlimited checks and deposits. Monthly fee is based simply on the balance in the account.

  • A $1,000 deposit opens your account.
  • No maintenance fee if you maintain a balance of $7,500 or more during the month. Otherwise, a $12 or $15 (for check images) maintenance fee is charged for that month.
  • No activity limits.

Money Market Checking for Organizations (sole proprietorships and non-profits) offers the advantage of an attractive interest-bearing account without activity charges and limitations of similar products.

  • A $500 deposit opens your account.
  • No monthly maintenance fee if you maintain a balance of $500 or more. Otherwise, a $9 maintenance fee is charged for that month.
  • No activity limits.
  • Interest is paid on a tiered rate structure.

If your organization is an educational, religious, philanthropic, charitable or non-profit entity, you may be eligible for our Community Interest checking account. This account combines the earning power of a premium interest-bearing account with the flexibility of a checking account.

  • A $10,000 deposit opens your account.
  • No maintenance fee if you maintain a balance of $1,000 or more during the month. Otherwise, a $9 maintenance fee is charged for that month.
  • No activity limits.
  • Interest is paid on a tiered rate structure.

As your business grows, or if your checking account already carries larger sums, consider our Money Market Savings account.

  • A $5,000 deposit opens your account.
  • No maintenance fee if you maintain a balance of $5,000 or more during the month. Otherwise, a $12 maintenance fee is charged for that month.
  • Interest is paid on a tiered rate structure.

Transfers from any Bank of Ann Arbor savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or similar order to third parties are limited to six per statement cycle.

This account is designed for the saver who wants a straightforward account that earns interest.

  • A $100 deposit opens your account.
  • No maintenance fee if you maintain a $100 minimum balance. Otherwise a $4 maintenance fee is charged for that month.
  • Interest is paid on balances over $100.
  • Maximum of 4 in-person withdrawals per month. Each in-person withdrawal over 4 will be assessed a $2 excess activity fee.

Transfers from any Bank of Ann Arbor savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or similar order to third parties are limited to six per statement cycle.

We also provide the standard services your business relies on, including:

  • Wire transfers
  • Merchant card services
  • Foreign drafts and cables
  • Safe deposit box rental

For more information, contact your Commercial Banking officer or Branch manager.





 
We give out approximately 1,000 green apples every month at our branches.

We give out approximately 1,000 green apples every month at our branches