Business Checking
When you're a business owner, one of the most important decisions you have to make is selecting a financial institution that fits your business style. West Alabama Bank offers a variety of products and services that can accommodate businesses ranging from start-ups to the well-established. We work carefully with you to determine what you need and what you want in a banking institution. You can be assured that West Alabama Bank will customize your needs and wants in a way that fits your business-not the other way around.
Business First Checking
West Alabama Bank’s Business First Checking is an account that’s simple, but it includes the features your small business needs. This account is the perfect fit if your business has low transaction volumes or if you’re keeping an eye on expenses.
- Minimum opening deposit of $100
- No minimum balance requirements
- First 250 Items Free*
- E-statements
- Business Debit Card**
- Online Business Banking with Bill Pay (ACH Option not included)
*We impose a $.20 per item charge after the first 250 items per statement cycle. Items include: a deposit and any checks deposited (on-us checks and transit checks), checks paid, and wire transfers.
**Restrictions and overdraft fees may apply with a West Alabama Bank debit card.
Business Plus Checking
If your business has higher transaction volume, we recommend Business Plus Checking. You get unlimited transactions and low minimums to avoid monthly fees with this flexible solution.
- Minimum opening deposit of $500
- $9.00 Monthly Service Charge if balance falls below $1,000 on any day during the statement cycle
- Unlimited transactions
- E-statements
- Business Debit Card**
- Online Business Banking options available for a fee
- Account may be subject to a monthly analysis charge.
**Restrictions and overdraft fees may apply with a West Alabama Bank debit card.
Business Prestige Money Market
Maximize your assets while maintaining easy access to your money. Earn competitive, tiered interest while taking advantage of business-friendly low minimums.
- Minimum opening deposit of $2,000
- $10 monthly service charge if daily balance falls below $2,000
- Internet Banking & Bill Pay
- E-statements
- Business Debit Card**
- Three tiered interest rates - $2,000-$9,999; $10,000-$24,999; $25,000 and up
- After 6 withdrawals per statement cycle, a $3 fee per withdrawal will be assessed. Effective April 1, 2023.
**Restrictions and overdraft fees may apply with a West Alabama Bank debit card. Standard messaging rates and web access fees may apply with Mobile Banking.