Business Checking

Business checking accounts include:

Business Checking

Designed for businesses with low to moderate activity.  

  • No minimum balance or basic fee with eStatement
  • If balance is less than the $250 average daily collected balance:
    • $5** basic fee with check safekeeping
    • $10** basic fee with returned check images
  • Monthly transaction fees:
    • First 250 transactions are free^
    • 250+ transactions $0.25** each (electronic items are free)
  • Earnings credit on average daily collected balance may offset monthly fees
  • Unlimited free Hills Bank ATM transactions**
  • $1 per non-Hills Bank ATM withdrawal^^

**    Subject to Iowa state sales tax
^     Transactions include deposit tickets, checks deposited, and checks written;
       ACH and business debit card point of sale items are free
^^   A fee may be imposed by a non-Hills Bank ATM owner

Business Interest Checking

Designed for businesses with low to moderate activity that want to earn interest.

  • No minimum balance or basic fee with eStatement
  • If balance is less than the $2,500 average daily collected balance:
    • $5** fee with check safekeeping
    • $10** fee with returned check images
  • Monthly transaction fees:
    • First 250 transactions are free^
    • 250+ transactions $0.25** each (electronic items are free)
  • Interest will be paid on the portion of your daily collected balance that is $2,500 and greater. Earn tiered interest rates
  • Unlimited free Hills Bank ATM transactions
  • $1 per non-Hills Bank ATM withdrawal^^

**     Subject to Iowa state sales tax
^      Transactions include deposit tickets, checks deposited, and checks written;
       ACH and business debit card point of sale items are free
^^    A fee may be imposed by a non-Hills Bank ATM owner

Non-Profit Investment Checking

Designed for non-profit organizations.  

  • No minimum balance
  • Earn tiered interest rates
  • No maintenance fee
  • Unlimited check writing
  • Discounted ACH service available for all non-profit organizations
  • Unlimited free Hills Bank ATM transactions
  • $1 per non-Hills Bank ATM withdrawal^^

^^    A fee may be imposed by a non-Hills Bank ATM owner

Commercial Checking

Designed for mid to large businesses with heavy account activity.

  • $10** basic fee (included in account analysis)
  • Monthly transaction fees:
  • Debit†† $0.15** each
  • Credit $0.15** each (electronic items are free)
  • Deposited item fees:
  • Hills Bank item no fee
  • Non-Hills Bank $0.15** per item
  • Earnings credit calculated on average collected balance less 10% reserve is used to offset monthly fees
  • Monthly account and analysis statement
  • $1 per non-Hills Bank ATM withdrawal^^

**     Subject to Iowa state sales tax
^^    A fee may be imposed by a non-Hills Bank ATM owner
††   Debit items counted for this purpose include paper funds transfer, check,
       wire transfer, and chargeback

Cash Management (Sweep) Account

Designed for Commercial Checking Account customers with excess cash to invest, the Cash Management Account is a fully automated movement of your funds that offers convenience, liquidity, and enhanced yield.

Minimum Requirements: Commercial Checking Account

Maintenance Fee:

  • $50 monthly fee (included in account analysis).
  • After processing your daily activity, your excess funds (over an established target balance) are then automatically transferred to your Cash Management Account. The target balance is the balance that must be kept to offset monthly activity fees.

Features:

  • All incoming and outgoing sweep activity and balances will appear on your monthly account statement.
  • Convenient, immediate access to your money, and competitive returns so you no longer need to call the bank to direct the movement of funds.
  • Interest is calculated daily and credited monthly based on the balance in your Cash Management Account.

Funds in the Commercial Checking Account are FDIC insured, however funds in the Cash Management Account are not a deposit, not FDIC insured, not insured by any federal government agency, carry no bank guarantee, and may lose value.

Contact your local Treasury Management Representative at 1-800-445-5725 (1-800-HILLSBK).