Business Checking

Peoples Bank of Middle Tennessee has a wide range of business deposit accounts. Choose one the one that's best for your business and enjoy free 24-hour access to account balances, detailed monthly statements, imaged checks and various other services to meet your needs.

Business accounts include these type of organizations:

  • Sole Proprietorships
  • Partnerships
  • Corporations
  • Limited Liability Companies
  • Government Agencies
  • Not-for-profit Organizations

To open your business account, we will need certain documents from your business:

  • Sole Proprietorships — Social Security number, and authorization for sole proprietorship
  • Partnerships — Tax identification number, partnership agreement, and partnership authorization
  • Corporations — Tax identification number, articles of incorporation, and corporate resolution
  • Limited Liability Companies — Tax identification number, articles of incorporation, and operating agreement
  • Not-for-profit Organizations — Tax identification number, articles of incorporation and by-laws (if applicable), and organization resolution.

Peoples Bank Checking Account

This account gives your business and affordable checking account with limited transaction activity. With a minimum balance of > $1,000, 150 checks processed monthly, 25 deposits, and up to 250 deposited items, there is no monthly service charge.

  • $100 deposit to open
  • $10 monthly service charge (if minimum balance and transaction limits are not met)
  • $0.25 excess item charge
  • Free E-statements

Peoples Business Analysis Account

This account is for your business if you have a high volume of activity. Your monthly service charge will be based on your account activity. You receive an earnings credit on your balances which may offset some or all of the activity fees listed below.

  • Monthly Maintenance Charge — $10
  • Deposits — $0.25 per transaction
  • Checks/Debits — $0.15 per transaction
  • Deposited On-Us Items — $0.08 per transaction
  • Deposited Foreign Items — $0.08 per transaction
  • $100 deposit to open
  • Free E-statements

Peoples Business Interest Account

This business account is available to sole-proprietors , non-profit and government agencies only. With a minimum balance of > $2,500, 150 checks processed monthly, 25 deposits, and up to 250 deposited items, there is no monthly service charge.

  • Competitive interest paid on all balances provided minimum balance of > $2,500 is maintained
  • $10 monthly service charge (if minimum balance and transaction limitations are not met)
  • $2500 deposit to open
  • Free E-statements

Peoples Business Money Market Account

This business account earns a competitive rate of interest with limited check writing activity. With a minimum balance of > $2,500, there is no monthly service charge.

  • Competitive interest paid on all balances
  • $10 monthly service charge (if minimum balance is not maintained)
  • 6 withdrawals per month
  • $5 per check charge is assessed after 6 withdrawals
  • $2,500 deposit to open
  • Free E-statements