Business Savings

Start saving for the future of your business today. 

A business savings account is an easy way to prepare for unexpected expenses, set aside tax payments, or retain earnings. You’ll earn interest on your balances while maintaining full access to your funds.

 

Compare Savings Accounts

Account Name Business Savings Business Money Market
Required Opening Balance $100 $10,000
Monthly Fee $5* $10*
Minimum Daily Balance
 $100 $10,000
Earns Interest? Yes Yes
Compounding and Crediting
 Quarterly Monthly

*Service fee charged if balance falls below minimum daily balance on any day of the month. Fees for account types may differ.


Required Documents to Open a Business Bank Account


There's a lot to remember as a business owner and we want to make things as easy as possible for you.
Here's a list of the documents you will need to gather to open a business bank account:

  • Employee Identification Number (EIN) or Taxpayer Identification Number (TIN). Sole proprietors use their Social Security Number. 
  • Articles of Incorporation, Articles of Organization, charter or similar legal document showing when your company was formed. Sole proprietors need an Assumed Name (Doing Business As) Certificate from their county. Business partners need a partnership agreement listing the name of the partnership and all partners.
  • A government-issued photo ID and Social Security Number for anyone authorized to sign checks or conduct transactions on behalf of the organization.

 

Marine Bank Business Services contact Nick Oehmke

Let's Talk

If you would like a free consultation about how we can provide financial solutions tailored to your business, contact Nick Oehmke today.

217.726.0602

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IOLTA Accounts

A trust account for attorneys and law firms that maintain escrow funds for multiple clients.

Learn More


In accordance with the requirements of the Unlawful Internet Gambling Enforcement Act of 2006 and Federal Regulation GG, this notification is to inform you that restricted transactions are prohibited from being processed through your account relationship with Marine Bank. Restricted transactions are those in which a person accepts credit, funds, instruments, or other proceeds from another person in connection with unlawful Internet gambling.

Let's Talk

If you have any questions about business banking or if you would like to set up a time to meet with one of our lenders, please contact us. 

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