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Commercial Checking Account

Commercial Checking Accounts

Experience Personalized Banking for Your Business

Rule number one for commercial checking: It needs to be simple, straightforward and super-easy to manage.

Our commercial checking accounts check all those boxes with 24-7 digital banking, bill pay, no minimum balance requirements, low opening deposit, and two of our commercial accounts are totally free with no transaction limits. 

Now that’s about as simple and free as you can get.

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Community ONE

Free commercial checking account for non-profit organizations and associations.

  • $25 opening deposit
  • No minimum balance requirements
  • No monthly service fee
  • Unlimited transactions

 

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Relationship ONE

Free commercial checking for businesses with a qualifying relationship with Alabama ONE, such as a commercial loan or debit card.

  • $25 opening deposit
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Ascend Checking*

Our Ascend Checking Account* gives you or your business the flexibility to make more transactions, while enabling you to earn a higher interest rate. With a minimum initial deposit of $5,000 of new deposits, this account features 30 free debit transactions per month, a Mastercard® Debit Card, online and mobile banking, e-Statements, and qualifies for Excess Share Insurance and relationship enhancements.

  • Initial deposit of $5,000
  • 30 free debit transactions per month
  • Mastercard® Debit Card
  • Digital Banking,
  • e-Statements
  • Earn 2.00% Annual Percentage Yield (APY)
  • Earn up to an additional 2.40% interest with enhancements
  • Dividends are compounded and paid monthly
  • Available for consumer and business accounts
  • Excess Share Insurance (ESI) up to an additional $250,000 and premiums are paid by Alabama ONE
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*This account is subject to a fee of $10 each month, if the account balance falls below $5,000. Rates may change after the account has been opened. New deposits must be funds from another institution, not funds already at Alabama ONE. Debit transactions are (checks, debit card transactions, ACH withdrawals, transfers). Fees could reduce earnings on the account. Excessive Transaction Fee of $0.15 for each debit transaction after 30. Account(s) with balances $5,000 - $499,999.99 qualify for relationship enhance­ment. Relationship enhancement does not apply to accounts where balance exceeds threshold balance $500,000 or greater. Qualified products may include, but are not limited to Digital Experience (requires Checking, e-Statements, and registered Online Banking Access), Consumer Credit Card, Consumer Secured Loan, Consumer Mortgage Loan/HELOC Loan, Commercial/Agriculture Loan, Commercial Credit Card, Ascend Fund, Wealth Relationship. Account(s) are reviewed monthly for eligibility. For each of the listed enhancements; your account will receive an additional 0.30% dividend rate up to a maximum additional of 2.40% dividend rate. APY is accurate as of 09/01/2024. 

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