Send and receive payments electronically with ACH for your business.  Create payroll direct deposit, direct debits for billing, or to consolidate your funds from multiple financial institutions.Home Mortgage Rates are LOW.  Click to view loan rates in Cedar Rapids, Iowa City, Coralville, Marion, Mount Vernon, North Liberty, Lisbon, Kalona and Wellman.Bank 24 hours a day, 7 days a week with Hills Bank Online Business Connections, our Internet banking service designed for business customers.

Business Checking Accounts

Account Type   Minimum Balance Monthly Service
Charge
Interest
Bearing
Free Business Checking More Info No minimum $0 if less than 150 total transactions per month no
Basic Business Checking More Info $200 minimum daily balance or $500 average daily balance $0 if balance maintained and enrolled in eStatement; per item fees apply no
Basic Business Checking Plus More Info $200 minimum daily balance or $500 average daily balance $0 if balance maintained and enrolled in eStatement; per item fees apply yes
Business Checking More Info $2,500 average daily balance $0 if balance maintained and enrolled in eStatement; per item fees apply no
Business Checking Plus More Info $2,500 average daily balance $0 if balance maintained and enrolled in eStatement; per item fees apply yes
Commercial Checking More Info No minimum Account analysis no
Not-for-Profit Investment Checking More Info No minimum No maintence fee yes

If you have questions about our Business Checking Accounts, contact a Business Banking Representative at any location.

Rates

Basic Business Checking Plus

Available for sole-proprietors, not-for-profits, and government entities

  • No minimum balance or maintenance fee with eStatement
  • Free Hills Bank OnlineSM
  • Free Hills Bank Debit Card
  • Free Hills Bank Credit Card
  • If balance is less than the $200 minimum daily balance or $500 average daily collected balance:
    • $6* fee with check safekeeping
    • $9* fee with returned check images
  • Monthly transaction fees:
    • First 50 transactions are free^
    • 51+ transactions $.20* each (ACH items are free)
    • Unlimited free Hills Bank ATM transactions
    • $1 per non-Hills Bank ATM withdrawal**
  • Interest earned at tiered rates - refer to rates
  • Interest will be paid on the portion of your daily collected balance that is $1,000 and greater
*Subject to Iowa state sales tax
**A fee may be imposed by a non-Hills Bank ATM owner
^Transactions include deposit tickets, checks deposited, and checks written; ACH items are FREE

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