• Business Checking Analysis Account
• Small Business Checking Account
• Business Interest Checking (NOW) Account
• IOTA Checking
• Business Tiered Money Market
• Online Banking & Bill Payment

Bank of Coral Gables offers two non-interest Business Checking Accounts for our Business Banking customers – Business Checking Analysis and Small Business Checking . For those business customers who prefer to earn interest on their account balances, a Business Interest Checking account is available.

Business Checking Analysis Account

A business customer will compensate for services through fees and will be offset by a monthly earnings credit. An earnings credit is assigned to collected balances based on prevailing interest rates for business accounts and applied to reduce activity fees. The earning assessment is monthly with no carryovers. Monthly analysis statements will be generated for this account.

1. Minimum to Open: $500.00
2. Monthly Account Maintenance Fee: $15.00
3. A $0.15 per item charge for each check paid and debit items
4. A $0.40 per deposit item charge and credit items
5. A $0.15 for each check deposited

Additional service fees may apply that are not included in monthly analysis. Please refer to our Schedule of Service Fees and Charges.

Small Business Checking Account

An alternative to a business analysis account is our Small Business Checking Account. This account is designed for customers who prefer a small minimum balance to open the account, no minimum monthly balance requirements and usually have smaller transaction activity.

1. Minimum to Open: $100.00
2. Monthly Account Fee: $20.00
3. A $0.30 per item charge for each:

• Check paid and debit item in excess of 60 per month
• Credit item in excess of 20 per month
• Check deposited (transit item) in excess of 120 per month

Business Interest Checking (NOW) Account

Our business customers who normally carry higher daily balances will benefit with a Business Interest Checking (NOW) account. This account features unlimited deposits and check writing features with no per item fees.

1. Minimum to Open: $500.00
2. Monthly Service Fee: $20.00 if the daily minimum balance falls below $ 2,500.00

Click here for current rates.

Additional service fees may apply. Please ask your Personal Banker for our Schedule of Service Fees and Charges.

Online Banking - Online banking is available on these accounts allowing you to monitor your business 24 hours a day. All that is need is a login and password. There is no fee for this feature. Although, internet banking may incur charges by your Internet Service Providers (ISP) not associated with Bank of Coral Gables.

Bill Payment - The Bill Payment feature is available on this account helping you keep your business payments to clients and vendors timely and orderly. Use of Bill Payment makes it easier to smooth your cash flow. Bank of Coral Gables does not charge a monthly fee for the Bill Payment feature but payments made will be charged the stated per item charge as usual with the pricing of the Business Checking Analysis or Small Business checking accounts.

IOTA Checking

Bank of Coral Gables offers Interest on Trust Accounts (IOTA) for attorney's escrow account needs. T his account allows interest earned from client accounts held in trust to be automatically disbursed to the Florida Bar Association, less any monthly service fees.

1. Minimum to Open: $100.00
2. Monthly Service Fee: $15.00 if the daily minimum balance falls below $ 1,000.00.

Statements are prepared monthly at the end of the month and check images will be included in the statement.

Additional service fees may apply. Please ask your Personal Banker for our Schedule of Service Fees and Charges.

Click here for current rates.

Business Tiered Money Market

A Bank of Coral Gables Tiered Money Market Account gives you interest on your funds with more liquidity than a Certificate of Deposit. The Tiered Money Market rates are variable and are subject to change without notice. The higher your balance, the higher the interest rate paid. The Tiered Money Market Checking Account is a checking account with some restrictions on check writing placed by the Federal Reserve. Federal regulations limit you to no more than six transfers or withdrawals (or a combination of six transfers and withdrawals) per monthly statement cycle by means of a preauthorized or automatic transfer, order of instruction, or telephonic (including data transmission) agreement. This applies to both transfers to another account at Bank of Coral Gables and to transfers to third parties. No more than three of the six transfers can be by check or similar order payable to third parties. A $10.00 excess item fee will be charged to your account for each transaction that exceeds the maximum allowance of transfers per statement cycle.

However, there is no limit on the number of transfers for the purpose of repaying a loan and related expenses at Bank of Coral Gables. Also, there is no limit on transfers to another one of your deposit accounts at Bank of Coral Gables or withdrawals paid directly to you when such transfers are made in person, by mail, by messenger service. Similarly, there is no limit on the withdrawals requested by telephone to a banker and paid via cashiers check mailed to you.

Statements are produced on a monthly basis with imaged checks.

The Bank of Coral Gables Business Tiered Money Market Account offers:

1. Minimum to Open: $1,000.00
2. Monthly Fee: No monthly fee if your daily balance during the statement cycle is $ 5,000.00 or greater. A $20.00 monthly fee is charged if the daily balance during the statement cycle falls below $5,000.00.

Online Banking - Online banking is available on these accounts allowing you to monitor your business 24 hours a day. All that is need is a login and password. There is no fee for this feature. Although, internet banking may incur charges by your Internet Service Providers (ISP) not associated with Bank of Coral Gables.

Bill Payment - The Bill Payment feature is available on this account helping you keep your business payments to clients and vendors timely and orderly. Use of Bill Payment makes it easier to smooth your cash flow. Bank of Coral Gables does not charge a monthly fee for the Bill Payment feature but payments made will be charged the stated per item charge as usual with the pricing of the Business Checking Analysis or Small Business checking accounts.

Click here for current rates.

Additional service fees may apply. Please ask your Personal Banker for our Schedule of Service Fees and Charges.

• Two forms of identification from each signer, of which one should be a current driver's license or state ID. The second form of ID may be an employee issued photo ID, firearms ID, Military ID, United States issued passport
• Your organization's 9-digit tax ID number
• Your organization's articles of establishment or appropriate supporting documentation. You will need to bring in at least one of the following examples:

• Chapter: Charter of Business and Letter from national office indicating names of Chapter President and Secretary
• Society: Letter from the entity with which the Society is affiliated
• Fraternal: Letter from national office stating names of local President and Secretary
• Club: Organized Resolution
• Current Letter of Good Standing
• Corporation: Articles of Incorporation
• Proof of non-profit status (i.e. 501c(3) or 501c(4) documents)