Business Deposit Products
Franklin is pleased to offer a variety of deposit accounts that fit the needs of any size business.
Basic Business Checking
This is an ideal account for any business.
- No monthly fee with a $600 minimum daily balance
- $7 monthly fee if daily balance falls below $600
- Access to our enhanced Business Banking Platform including eStatements, Bill Pay, Account Transfers and much more! *See fee schedule
Basic Business Checking Plus
This is the perfect account for sole proprietorships and non-profit organizations who want to earn interest.
- No monthly fee with a $600 minimum daily balance
- $7 monthly fee if daily balance falls below $600
- Access to our enhanced Business Banking Platform including eStatements, Bill Pay, Account Transfers and much more! *See fee schedule
- Interest bearing if your business meets regulatory requirements
Commercial Checking
This account is designed for larger businesses.
- No minimum daily balance requirement
- Minimum to open: $500 for Sole Proprietors; $1000 for LLCs, Partnerships and Corporations
- $10 monthly maintenance fee and checks paid at $.15 cents.
- To offset all or part of your service charges, earnings credits will be applied based on the average collected balance minus a 10% Reserve Requirement at the 91 T-bill rate average.
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Each individual that has beneficial ownership (25% or more); and,
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One individual that has significant managerial control, of the Legal Entity.