Stearns Bank’s BusinessEssentials Keeps Your Hard-Earned Money Where It Belongs – in Your Business

[ad_1]

Small business owners have a lot on their plate. Every day presents new challenges and opportunities, from overseeing operations to managing employees and marketing. The last thing they need is to be blindsided by banking fees that take a bite from their bottom line. Unfortunately, these hidden or excessive transactional fees are far too common in the banking industry. They can cause significant stress to entrepreneurs already stretched thin and working hard to make ends meet.

As a small business owner, time and money are two of your most valuable resources. You can’t afford to waste either one worrying about hidden fees that drain your finances and eat away at profits. If you’re searching for a straightforward and transparent banking solution that sidesteps hidden fees, Stearns Bank’s BusinessEssentials Checking account might be for you. Discover the benefits of a banking account that checks all your boxes and keeps your hard-earned money where it belongs — in your business.

Business Banking Made for You 

With fewer fees and more features, the BusinessEssentials Checking account is built for businesses that maintain high balances, over $25,000*, or require strong and frequent transaction volumes. It introduces a range of free services, including unlimited ACH transactions, unlimited incoming wires, and one free outgoing wire per day. Plus, account holders can enjoy free mobile deposits, auto cash sweeps between Stearns Bank accounts, and unlimited bill pay — making it easy and convenient to manage finances on the go.

The BusinessEssentials Checking account is transparent, so you always know what fees to expect and can plan your finances accordingly. If you need to send an international wire, the fee is only $40 — significantly lower than many other banks.

When a business partners with Stearns Bank, they can enjoy a transparent banking experience without any hidden, maintenance, or inactivity fees. In addition, business owners can enjoy access to various tools and features that help them manage their finances efficiently. The Remote Deposit Capture enables businesses to deposit checks from the comfort of their office, while Autobooks simplifies accounting and bookkeeping processes. With all these benefits, the Stearns Bank BusinessEssentials Checking account is not just a banking solution but a comprehensive financial management tool that can help businesses thrive.

*Based on average monthly balance per business account. Deposits held in a different name from the business or by a different business entity cannot be aggregated to satisfy the minimum balance requirement. We total the average monthly balance by adding the average daily balances (calculated by totaling the balances in your account at the end of each day for the statement period), divided by the number of days in the statement period. If business customer does not satisfy the average monthly minimum balance of $25,000, a flat monthly fee of $100 shall apply. 

Earn More With Your Money 

The Stearns Bank BusinessEssentials Checking Account not only provides businesses with the necessary tools to manage their finances, but it also boasts a competitive interest rate. With a balance of $24,999.99 or less, businesses can earn 0.25% APY, with a minimum balance of $0.01 needed to earn the APY.** For businesses with a balance of $25,000.00 or more, the interest rate increases to 0.50% APY, making it an attractive option for businesses that maintain a higher balance.** Additionally, businesses can take advantage of the Diamond Cash Rewards program, which offers 0.10% cash rewards on every debit card purchase, deposited to the account monthly.*** This program is a great way to earn extra money on the purchases you make every day.

**APY is annual percentage yield. Rates are accurate as of 03/23/2023 and subject to change at any time, including after account opening. Fees may reduce earnings.

***Earn up to $500 per month. Pending and preauthorized debit card transactions do not earn cash rewards until the final transaction posts to the account. Cash rewards rate effective 03/23/2023.

Expert Advice at Your Fingertips 

Stearns Bank understands that banking is about more than just transactions — it’s about building relationships and offering support to help your business succeed. BusinessEssentials Checking account holders can enjoy exclusive access to quarterly webinars with industry-leading experts. These updates offer valuable insight into the current state of the economy and provide helpful tips for managing your business finances.

Whether you need help with financial planning, business strategy, or risk management — Stearns Bank’s trusted team has the expertise and experience to help.  Plus, with personalized solutions tailored to your unique needs, the BusinessEssentials Checking account was made with you in mind. So if you’re searching for more than just a business bank account, but a trusted advisor who can help your small business thrive, turn to the team at Stearns Bank. Their commitment to excellence and dedication to your success set them apart from other banks — Stearns Bank is ready to help your business reach its full potential.

Member FDIC

Equal Housing Lender

[ad_2]

Source link