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Business Checking Accounts
West Gate Bank offers a variety of business accounts to fit your needs. As a local community bank, West Gate Bank is proud to say that 100% of your deposits are reinvested in the Lincoln community. So by banking with West Gate Bank, not only are you getting a great account with great service, you are helping your community grow.
In addition to the competitive accounts below, West Gate Bank's Cash Management services can also provide additional services to make banking even more convenient for you.
Completely Free Business Checking
West Gate Bank now offers a FREE business checking account.
- No monthly service charge
- No minimum balance
- FREE foreign ATM withdrawals^ (4 per statement cycle)
- FREE checks for life of account
- FREE online banking
- FREE online bill pay
- FREE gift at account opening
- Overdraft Privilege*
- Imaged statements
- Monthly activity not to exceed 1,000 items deposited or paid
- If activity exceeds 1,000 items, a fee of $.30 per item will be assessed, beginning with item #1,001
*For more information about West Gate Bank's Overdraft Privilege, view our policy.
^ West Gate Bank will not charge a fee for using a non-West Gate Bank ATM. The owner of the ATM, however, may charge a fee.
For more information about any of these accounts, please contact a personal banker at 434-3456 or visit one of our branch locations.
Commercial Checking
Designed for businesses with more monthly activity, this account provides an earnings allowance to offset service charges.
- No FDIC assessment charge
- FREE checks for life of account
- FREE online banking
- FREE online bill pay
- FREE gift at account opening
- Overdraft Privilege*
- Imaged statements
- Earnings credit rate determined by average available balance
| Account Fees | |
|---|---|
| Service Charge | $10.00 |
| Per Debit | $0.15 |
| Checks Deposited | $0.15 |
| Per On-Us Item | $0.04 |
| Per Local Clearing Item | $0.06 |
| Per Transit Item | $0.10 |
The following sample analysis is for example purposes only. Please ask a banker for a complete analysis for your specific needs. *Earnings credit rate not guaratneed and is subject to change.
| Sample Earnings Allowance Calculation | |
|---|---|
| Average Available Balance | $4,000.00 |
| @ Earnings Credit Rate (2.5%) | $100.00 |
| Divided by 12 = Earnings Allowance | $8.33 |
| Charges for Activity | |
|---|---|
| Monthly Service Charge | $10.00 |
| Checks/Debits (45 @ $0.15) | $6.75 |
| Checks Deposited (20 @ $0.15) | $3.00 |
| Checks Drawn on WGB (30 @ $0.04) | $1.20 |
| Checks Drawn on Local (15 @ $0.06) | $0.90 |
| Checks Drawn on Other (10 @ $0.10) | $1.00 |
| Total Activity Charges | $22.85 |
| Less Earnings Allowance | ($8.33) |
| Monthly Analysis Charge | $14.52 |
*For more information about West Gate Bank's Overdraft Privilege, view our policy.
For more information about any of these accounts, please contact a personal banker at 434-3456 or visit one of our branch locations.
Business Interest Checking
The Business Interest Checking account is a great deal for qualifying sole proprietorships and non-profit organizations.
- No monthly service charge
- $1,500 minimum balance ($6 fee if balance falls below $1,500)
- FREE checks for life of account
- FREE online banking
- FREE online bill pay
- FREE gift at account opening
- Imaged statements
- Interest calculated using daily balance and is paid monthly
*For more information about West Gate Bank's Overdraft Privilege, view our policy.
For more information about any of these accounts, please contact a personal banker at 434-3456 or visit one of our branch locations.
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