FDIC-Insured - Backed by the full faith and credit of the U.S. Government
$50 minimum opening deposit
$3,500 minimum balance to avoid $10 minimum balance fee
Monthly paper statements
Business accounts can come in all shapes and sizes. They can range from LLCs to DBAs and even to estates and trusts. Depending on the ownership type of the account there will be certain required documentation and information to open the account.