Analysis Business Checking accounts are a great way for businesses with higher daily balances to earn more on their balance and get all the perks they want, without having to worry about added fees.
All about Analysis Business Checking
A general business checking account allows you to write a limited number of checks and make deposits into your account each month without any fees. Once that limit has been reached, you start incurring a fee for each check or deposit after that. While this is fine for many small businesses who won’t normally exceed those limits, it can become an unneeded expense for larger companies.
If you’ve outgrown a general business banking account or you’re looking to earn a bit more while your money is waiting for use, it might be time to make the switch to Analysis Business Checking. With this account, you can put your larger balance to work for you, and most of the time, avoid paying for daily transaction fees altogether thanks to a generous 5% earnings credit.
Here’s how it works
With an Analysis Business Checking account, you earn a 5% credit on your daily balance — no hidden fees! Most businesses find this credit to be more than enough to cover all of the fees associated with writing checks, making remote deposits remotely, and using cash management services.
At the end of each statement cycle, you’ll get an analysis statement that details exactly what fees were charged to your account and how much of your credit was used to pay for those fees.
It’s important to note that the credit you earn on an Analysis Business Checking account is not interest, so if you’re looking to earn extra money, a business savings or money market account might be a better fit.
Note: The earnings credit is applied to the average daily balance at month’s end, resulting in a credit that offsets your monthly service activity expenses. Not all fees and charges are eligible for offset through the earnings credit.
Accounts will be analyzed for monthly activity, float, and actual services used. Accounts with expenses not offset by an earnings credit will be charged on a monthly basis.
How much could you be saving in fees?
Get in touch with us to find out. Our team can calculate the average fees you’re paying now and determine if Gateway’s 5% earnings credit would cover those fees.
Fill out the form below or contact us to learn more and request a calculation.
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