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

Insured Cash Sweep Checking

The Insured Cash Sweep (ICS) service gives individuals, non-profits and businesses access to multi-million-dollar FDIC protection on deposits over $250,000. The FDIC insures up to $250,000 of a customer’s deposit accounts at an FDIC-insured depository institution. Your ICS funds are then divided into amounts under the standard FDIC maximum and placed with other ICS Network members – each an FDIC-insured institution. This makes your deposit eligible for FDIC insurance at each member bank. By working directly with Hills Bank, you can access insurance through many FDIC-insured institutions.

  • Save time by working directly with Hills Bank
  • Enjoy peace of mind knowing your ICS funds are eligible for FDIC protection
  • Earn interest by putting excess cash balances to work in money market deposit accounts
  • Unlimited program withdrawals. Make an unlimited number of program deposits and withdrawals.
  • Rest assured knowing your money is always on deposit in a regulated, FDIC-insured institution and you can see online where all of your funds are at any time

To learn more about ICS, contact your local Hills Bank location or toll free at 1-800-445-5725 (1-800-HILLSBK). 

Placement of your funds through the ICS service is subject to the terms, conditions, and disclosures set forth in the agreements, including the ICS Deposit Placement Agreement, that you enter into with us. Limits and customer eligibility criteria apply. When using the ICS savings option, program withdrawals are limited to six per month. ICS is a service mark, and Insured Cash Sweep is a registered service mark, of Promontory Interfinancial Network, LLCM. 

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