You work hard to differentiate your business from the place down the road...
...and we want to be sure that you can manage your business finances in the same way. We know that no two businesses are exactly the same, and we have a lineup of business accounts designed to accommodate your individual needs.
Be sure to check out our Business Services to see all the ways we can enhance your banking experience and save your company time and money.
We also offer solutions for high-balance deposits.
Important Information About Opening a Legal Entity Account
Rules under the Bank Secrecy Act were put into place effective May 11, 2018 to aid the government in the fight against crimes to evade measures designed to combat terrorism and other national security threats.
Each time an account is opened for a covered Legal Entity, we are required to ask you for identifying information (name, address, date of birth, social security number (as well as identification documents) for each individual that has beneficial ownership (25% or more) and one individual that has significant managerial control of the Legal Entity.
If you are opening an account on behalf of a Legal Entity, you will be required to provide the appropriate documentation and to certify that this information is true and accurate to the best of your knowledge.
We proudly support all efforts to protect and maintain the security of our clients and our country.
New Beneficial Ownership Requirements Effective January 1, 2024
Beginning on January 1, 2024, many companies will have to begin reporting information about their beneficial owners, or those who ultimately own or control the company, and their applicants to the U.S. government under new requirements from the Financial Crime Enforcement Network (FinCEN).
Existing reporting companies that were created or registered to do business in the United States before January 1, 2024 will be given until January 1, 2025 to report beneficial ownership information (BOI). New reporting companies created or registered to do business in the United States on or after January 1, 2024, and before January 1, 2025, must report BOI within 90 calendar days of receiving actual or public notice that the creation or registration of the reporting company is effective, whichever is earlier. Companies that are created or registered on or after January 1, 2025 must file BOI within 30 calendar days receiving actual or public notice that its creation or registration is effective.
Companies that are required to file a beneficial ownership information report must do so electronically through FinCEN’s filling system that will be available beginning on January 1, 2024.
More detailed information on the Beneficial Ownership requirement changes can be found at fincen.gov/boi.
Small Business Checking
Our easy-to-manage small business account was designed with smaller companies in mind.
- $100 minimum deposit required to open
- Maintain a $500 minimum balance and have the $3 monthly service charge waived
- Receive 20 free debits and 30 free deposited items each month
- $0.20 per debit over 20
- $0.05 per deposit items over 30 (excluding KS StateBank checks)
- $0.20 per debit over 20
- Avoid the $7.50 Paper Statement fee by signing up for Online Banking and E-Statements
Enhanced Business Checking
Enhanced Business Checking is a great choice to manage your business, no matter the size or scope.
- Open with $100, and benefit from no minimum balance requirements
- Reduce or eliminate the $9 monthly service charge and other fees with tiered earnings credits
- Receive low “per item” account fees of
- $0.16 per credit or debit
- $0.08 per transit or clearing item (excluding KS StateBank checks)
- $0.16 per credit or debit
- Link all related accounts or entities together to take better advantage of our earnings credit rates
Contact our Treasury Management team for more information on the Enhanced Business Checking fees. Fees and rates subject to change. All soft charged fees can be reduced or offset by our tiered earnings credit rates. The earnings credit rate is set by KS StateBank and is subject to change at our discretion. A member of our team can provide an estimate of your average monthly fees. Fees are assessed to the account on the 15th of each month following the close of the statement cycle (or the following business day if the 15th falls on a federal holiday or weekend). The earnings credit does not accumulate from month to month; it only applies to the charges for the period. A negative earnings rate charge will be assessed to the account if the Average Collected Balance of the account falls below zero.
zero balance account
Pair with an operating account and sweep for automated cash management.
- No balance requirement, account is swept to $0 each business day
- Protect and manage funds separately with a ZBA for payroll, incoming wires, etc.
- Benefit from automated sweep management
- Sweep to an operating account with KS StateBank is required
- Negative earnings credit rate does not apply
community Checking
This cost-effective, interest bearing business checking was designed for nonprofit organizations.
- $100 minimum deposit required to open
- Maintain a $2,500 minimum balance and have the $6 monthly service charge waive
- Take advantage of low "per item" account fees
- $0.15 per credit or debit
- $0.06 per transit or clearing item (excluding KS StateBank checks)
- $0.15 per credit or debit
- Special accommodations may be available for nonprofit organizations, see bank for details
Business Money Market
Earn competitive, tiered interest with this low-volume business money market account.
- Earn tiered interest on your average daily balance
- $100 minimum deposit required to open
- Maintain a $1,000 minimum balance and have the $10 monthly service charge waived
- Make up to six withdrawals per month at no charge
- Avoid the $7.50 Paper Statement fee by signing up for Online Banking and E-Statements
Business Money Market accounts receive six (6) withdrawals per month at no charge. Additional withdrawals will result in a $5 fee for each occurrence. Fees may reduce earnings on the account.
Choose Your term CD (6 months to 7 years)
Save on your terms with one of our Certificates of Deposit (CDs).
- $500 minimum deposit required to open
- Terms are available between 6 months and 7 years
- Available as collateral for a loan
Visit our Deposit Rates page to find our current rates and CD specials.
Interest will compound quarterly. CDs are automatically renewable and, once the term expires, you have 10 calendar days to add or change the term with no penalty. A substantial penalty may be imposed for early withdrawals.
High-Balance Deposits