Business Checking

Morris Bank makes life a little easier for business owners in today’s competitive business climate. We help by including complimentary Internet Banking and Online Bill Pay services with all our checking accounts.

BLUE Business Checking*

BLUE Business Checking

Conduct routine transactions and manage daily financial activity with simplicity and ease.

  • Required minimum deposit of only $100
  • Minimum balance to avoid flat fee - $1000.
  • Monthly Flat Fee - $8.00
  • Per check/debit charge - $.15
  • Items deposited charge - $.06

 

*Your account may be subject to automatic conversion to BLUE Business Analysis Checking account type if excessive overdraft activity occurs or significant per item or cash deposits or cash withdrawals occur, excluding check drawn on Morris Bank. Your account may also be subject to fees related to maintaining a Negative Collected Balance, which will be based on WSJ Prime Rate + 3% or 10% adjusted monthly, whichever will be greater. Customer will be charged for any pass through services (ex. armored car pickup).

BLUE Business Interest Checking

BLUE Business Interest Checking

The convenience of a business checking account plus the benefits and interest earning power of a savings account!

  • Required minimum deposit of $5000.
  • Interest bearing: the minimum daily balance to obtain the annual percentage yield is $5000.
  • 100% fee free if the minimum balance of $5000 is maintained.
  • A low monthly maintenance fee of $8 applies if the account balance falls below $5000.
  • A low per debit charge of $0.20 if the account falls below $5000.
  • Tiered variable rate information equal to or greater than the following daily balances: 
  • $5,000
  • $25,000
  • $100,000
  • $250,000
  • $500,000+

BLUE Community Checking

BLUE Community Checking

We’ve created this special account to aid nonprofits including civic organizations, clubs, churches, schools and other groups to assist them in providing services to their community members.

  • Minimum deposit of $100.
  • No minimum balance.
  • No monthly maintenance fee.
  • E-statements required.
  • Paper statement fee option - $2.00 per month

Participating organizations are required to provide documentation of their nonprofit status.

BLUE Business Analysis Checking*

BLUE Business Analysis Checking

The right account for business customers with high volume monthly account activity. BLUE Business Analysis Checking meets your needs with monthly service charges based on account activity.

  • Minimum deposit to open $100.00
  • Account flat fee - $10.00
  • Per check/debit - $.15
  • Per deposit - $.35
  • Per deposit item/credit - $.10
  • Per $100 cash/coin (debit or credit) - $.15

 

*Your account may also be subject to fees related to maintaining a Negative Collected Balance, which will be based on WSJ Prime Rate + 3% or 10% adjusted monthly, whichever will be greater. Customer will be charged for any pass through services (ex. armored car pickup).

TIERED INTEREST RATES

TIERED INTEREST RATES

BLUE Business Interest Checking Rates are based on equal or greater daily balances of:

  • $5,000
  • $25,000
  • $100,000
  • $250,000
  • $500,000+