At FVSBank, we provide specialized municipal and not-for-profit checking accounts tailored to meet the needs of towns, villages, cities, municipal districts as well as larger not-for-profits. Our knowledgeable bankers are dedicated to finding the perfect financial solutions to support your community’s needs.
Since 1934, FVSBank has proudly supported local businesses. As a full-service bank, we offer business checking accounts and a variety of other business services across Fond du Lac, Oshkosh, Waupun, and the Fox Valley area. Let us help your business thrive!
Best For:
- Large not-for-profits
- Municipalities
Account Features:
- 200 monthly items ($0.30 per item thereafter)
- $100 minimum opening balance
- $15 monthly maintenance fee waived with any of the following
- 501(c)(3) status or
- $15,000 average daily balance or
- $50,000 aggregated account balances
- $5 paper statement fee waived with digital statements
Business Benefits
- FVSBank Digital Banking
- FVSBank Business Bill Pay 1
- Treasury Management Tools
- Fraud Detection Tools
- Local & Personalized Service
- FVSBank Business Debit Card
Reasons to choose an FVSBank Business Checking account
Money Management
Deposit checks directly into your account using our mobile app
Pay vendors, employees, and bills using our payment services
Add debit cards to your digital wallet and use contactless debit cards.
Smart Account Controls
Manage users and control who has access to your accounts
Monitor your account balances, track recent purchases, and more
Enhanced Security
Get alerts from FVSBank if we notice unusual activity on your account
24/7 monitoring and may contact you if unusual activity is detected
Business Community Checking FAQs
Do I need a business checking account?
Whether you have a brick-and-mortar small business, a side hustle, or you’re a sole proprietor, the IRS recommends having separate personal and business bank accounts. This will make your accounting easier, especially when it comes to paying taxes, and help you avoid any issues with mingling personal and business transactions. Opening a small business bank account will also help you develop a business banking relationship, which could be helpful in the future as you grow and need financing.
What do I need to apply for a business checking account?
You will be asked to complete and sign documentation that includes:
- Information about your business
- Information about the owners of your business
- If applicable, entities with ownership of your business
- An individual with significant management responsibility of your business
- Your authorization for us to check your credit (no impact to credit score)
How do I open a Business Checking account online?
Complete our online form for a new business account opening. One of our Business Bankers will be in touch within one business day to help you complete the process. When you open a new business checking account with FVSBank, you’ll be able to manage your account from anywhere with Business Online Banking. Schedule one-time and recurring funds transfers, pay bills, and view the checks you’ve written. Check out our complete suite of Business Services and meet our team of Business Bankers!
What is a business checking account?
A FVSBank business checking account is a specialized bank account designed for small businesses to manage their day-to-day financial transactions, such as depositing payments, paying bills, and handling payroll.
Are deposits insured in a business checking account?
Yes, deposits in business checking accounts at FVSBank, an FDIC-insured bank, are insured up to $250,000 per depositor.
What is the difference between a business checking and savings account?
A business checking account is primarily for daily transactions, while a business savings account is designed for saving funds and earning interest over time. Many businesses use both to manage their finances effectively.
Bill Pay1 for qualified FVSBank customers is $10 a month.
Remote Deposit Capture2 for qualified FVSBank customers has a $50 monthly fee and a $30 implementation fee.
ACH Manager3 for qualified FVSBank customers has a $25 monthly fee and a $30 implementation fee.
Positive Pay4 for qualified FVSBank customers has a $35 check monthly fee, a $35 ACH monthly fee or a combined fee of $50 a month with a $30 implementation fee.