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From small start-ups to large-scale corporations, from DBA to nonprofits, we've got banking solutions tailored to your unique business needs. Let's manage your financial growth together!
| Micro Business Advantage (*) | Business Advantage (^) | Business Plus (!) | Business Interest Checking (#) | |
|---|---|---|---|---|
| Best Account For | Businesses with few monthly transactions and low average balances | For mid-sized businesses | Businesses with higher monthly transaction volumes and larger average balances | Only available to: Sole-Proprietors, DBA’s, Non-Profit Organizations, & Governmental Units |
| Initial Deposit to Open Account | $100 | $100 | $100 | $100 |
| Minimum Balance | $1.00 | $5,000 | $25,000 | $1,000 |
| Transaction Limit | 50 | 250 | Unlimited | 50 |
| Complimentary Debit Card1 | [y] | [y] | [y] | [y] |
| Complimentary Online Banking2 | [y] | [y] | [y] | [y] |
| Online Bill Pay Availability3 | [y] | [y] | [y] | [y] |
| Online Check Images | [y] | [y] | [y] | [y] |
| Night Depository | [y] | [y] | [y] | [y] |
| Currency Services | – | [y] | [y] | [y] |
Service Charges:
As a small business, you help keep our local economy thriving. Let us help you succeed with checking that helps you save.
Fraud Prevention Services Alert
Customize Account with Treasury Services
No Minimum Balance
| Business | Micro | pricing | Interest Rate* | APY** |
|---|---|---|---|---|
| $0.00 | $0.00 | 0 | 0.00% | 0.00% |
No monthly minimum balance. 50 free transactions per month, $.50 fee for each additional transaction/item thereafter. $2.00 per month fee for paper statements. Rates effective as of June 7, 2024. New rates may apply for subsequent dates. *The rate may change after the account is opened and fees may reduce earnings on the account. **Annual Percentage Yield (APY).
^ Bill pay fee is waived if used at least once per statement cycle, or $10 per month fee may apply.
^^Third-party fees may apply.
^^^Debit cards are subject to credit approval
Streamlined checking for your larger business. Keep operations smooth with our business services.
Fraud Prevention Services Alert
Customize Account with Treasury Services
Mobile Deposit*
*Third-party fees may apply
Customize your account with add-on services and/or your choice of a Silver, Gold or Platinum Treasury Services Package
$1 minimum deposit to open
* Debit cards are subject to credit approval
** Bill pay fee is waived if used at least once per statement cycle, or $10 per month fee may apply
*** Third-party fees may apply
This account is designed for sole-proprietors, DBA’s, Non-profit Organizations, and Governmental Units. Maximize your business potential! Make your extra checking funds work for you and enjoy competitive interest earnings.
Earn Competitive Interest
Customize Account with Treasury Services
Digital Banking
| Minimum Balance | Interest Rate* | APY** |
|---|---|---|
| $1 | 0.25% | 0.25% |
50 complimentary debit transactions (including check, ACH, and debit card transactions), with a fee of $.20 for each thereafter. Rates effective as of June 7, 2024. New rates may apply for subsequent dates. *The rate may change after the account is opened and fees may reduce earnings on the account. **Annual Percentage Yield (APY).
* After first 50 complimentary debit transactions (including check, ACH, and debit card transactions), with a fee of $.20 for each thereafter.
** Debit cards are subject to credit approval
*** Third-party fees may apply
**** Bill pay fee is waived if used at least once per statement cycle, or $10 per month fee may apply.
How long does it take for CSB to make a lending decision for business (commercial) loans?
Every situation is different although once we have all of the information needed for underwriting the applicant may expect a preliminary response within two-weeks. The process varies by loan request size and final processing can usually be completed within six-weeks. This requires approval by the bank’s loan committee or by its board of directors.
Does CSB participate in USDA and SBA assisted transactions?
A good place to start includes three-years business federal income tax return copies or CPA prepared financial statements for the company and three-years FIT returns for any individual that owns 20-percent or more of the company. We also ask for personal financial statement(s) for those > 20-percent owners and company accounts receivable, accounts payable and inventory listings. When you are starting a new enterprise (yes, we consider start-ups) we won’t expect historic company financials although well-explained 24 –month projections and a business plan will help. I send new entrepreneurs to the SBA’s website for business plan assistance and to the Michigan Small Business Development Center (michigansbdc.org).
Do you consider loans to start-ups?
We have assisted restaurants, real estate developments, hospitality programs, sporting venues and more! Contact-us today!
