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How to get started
To open a business deposit account at Vallant Bank, you’ll need the following information:
- Federal Tax ID # and the official documentation
- If your business is incorporated, please bring a copy of the Articles of Incorporation
- We will need identifying documents, such as a driver’s license and social security number, for each of the signers on the new account
- Opening deposit of just $50
Commercial Checking from Vallant Bank is a non-interest-bearing commercial checking account that is designed for businesses that maintain high balances and have a high volume of account activity. Earnings allowance from deposit balances may offset the monthly maintenance fee, deposit fee and check and deposit item fee. Analysis statement available upon request.
The Benefits of a Commercial Checking Account
- Low monthly maintenance fee of $12
- $50 minimum to open
- No minimum daily balance
- Account charges based on activity
- Add ancillary services at no cost with higher deposit balances
- Deposits and other credits — $0.50 per item
- Checks paid and other debits — $0.15 per item
- Deposited item — $0.08 per item
