Business Products2019-04-11T16:41:20-06:00

Business Deposit Accounts

At The State Bank of Geneva, we believe that businesses (small and large) play a major role in the development of our community. We offer a variety of business checking and savings plans to fit your financial needs. Please call, 630-232-3201, or visit one of our friendly and knowledgeable Relationship Bankers at 22 South Fourth Street in Geneva to determine what type of account best fits your current business needs.

The State Bank of Geneva offers the following business deposit accounts:

The State Bank of Geneva’s Business Checking Account meets the needs of all business sizes for basic check writing services at a competitive cost.

  • Low minimum deposit to open: $100
  • No ongoing minimum balance requirement or monthly maintenance fee
  • Low per item processing fee
  • Earnings credit on minimum balance (maximum credit possible is total service charge amount)
  • Free online banking
  • Free business bill pay*
  • Unlimited check writing
  • Check images returned monthly
  • Free monthly paper statement or e-statement

*May be subject to an additional fee for expedited payments. Some restrictions apply. 

This account offers the same convenience of the Business Checking account with the ability to maximize funds by earning interest. Establish a Business Interest  Checking account with a low opening deposit and have your money work for you.

  • Low minimum deposit to open: $100
  • No ongoing minimum balance requirement or monthly maintenance fee
  • Low per item processing fee
  • Free online banking
  • Free business bill pay*
  • Unlimited check writing
  • Check images returned monthly
  • Free monthly paper statement or e-statement
  • Interest compounded monthly

*May be subject to an additional fee for expedited payments. Some restrictions apply. 

A Business NOW Checking Account from The State Bank of Geneva is available to Sole Proprietorships, Governmental Units and Non-For-Profits. It is also available for clients needing to establish an Illinois Interest on Lawyer Trust Account (IOLTA).

  • Minimum deposit to open: $2,500
  • No ongoing balance requirement or monthly maintenance fee
  • Free online banking
  • Unlimited check writing
  • Check images returned monthly
  • Free monthly paper statement or e-statement
  • Interest compounded monthly

This account offers low balance requirements and interest earning options with the convenience of a monthly paper statement or e-statement.

  • Minimum deposit to open: $100
  • Minimum balance to avoid fees: $100
  • Competitive rate of interest
  • Free online banking
  • Interest compounded monthly
  • Free monthly paper statement or e-statement
  • Transaction limitations apply

Earn competitive rates of interest without tying up your funds. With this account the more you save the more you earn.

  • Minimum deposit to open: $2,500
  • Minimum balance to avoid fees: $2,500
  • Interest compounded monthly
  • Tiered balance options
  • Free online banking
  • Transaction limitations apply
  • Check images returned monthly
  • Free monthly paper statement or e-statement
An Easy Access Certificate of Deposit is a three month Certificate of Deposit that earns a higher rate with the convenience of a Savings Account.

  • No penalty on early withdrawals after the first seven days after you establish the account
  • Unlimited withdrawals as long as you maintain a balance of $5,000
  • Unlimited deposits
  • Interest compounded monthly

For more information or to make an appointment, please call us at (630) 232-3201 or reach out by email.

A Certificate of Deposit is a smart way to invest when you want your money to earn more and do not need access to your savings for a specific period of time. Because each Certificate is held for an exact number of months, it’s a perfect choice when you want to save money for a future purchase.

  • Competitive rates
  • Automatic renewal (seven-day grace period)
  • Interest compounded to your certificate of deposit, paid to savings, checking or by check
  • Interest is compounded monthly (6-month CD); $2,500 minimum to open
  • Interest is compounded quarterly (12 months-60 months); $1,000 minimum to open
  • Interest is compounded monthly (6-month-60 months); $90,000 minimum to open

Learn Even More About Our Banking Services

Contact The State Bank of Geneva Today!

If you have specific account questions or requests, please use our secure email system HERE.

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