Business Checking

We offer a full line of checking accounts for our business customers, with the extra attention that you need to make your business run smoothly. Account options include low/no fee: image statements, analyzed accounts, Sweep with earning credits, credit lines, and much more!

To open a Business Checking Accounts
To move your Business Checking Account

Features
BizSmart Commercial
BizSmart Platinum*
BizSmart Money Market
BizSmart Analyzed
with BizSmart Cash Management (Sweep)v
With BizSmart Credit Line**
Minimum to open
$10
$10
$1000
$10
$10
 
No monthly fee if you maintain monthly balance of
$500
$1000
$1000
 Fees vary, and may be offset by an earnings credit for collected balances. See account description for details.
Monthly fee if your balance drops below account minimum
$7
$8
$8
      
Monthly fee for optional services
      
$7
$45
$45
Per-item charges

 none

 none
¨
$ 0.045 per item deposited
$ 0.25 per deposit posted
$ 0.13 per check paid
$ 2.50 per charge back
$10.00 per wire transfer in/out
$20.00 per stop payment request
Image statements included
Interest-bearing
  
Earnings credit may reduce fees. See account description for details.
Free Visa Check Card
Credit Reserve with overdraft protection**
Unlimited check writing

 ¨
Free checks†
  
 
No-fee money orders and cashiers checks
  
   
Free online banking
Unlimited no-fee online payments with PowerPay
Free endorsement stamp

*Available only to sole proprietors and non-profit organizations.
**Credit approval required
vFunds swept into the BizSmart Cash Management Account are not deposits of Bank of American Fork, are not insured by the FDIC or guaranteed by Bank of American Fork, are not insured or guaranteed by any government entity, and may lose value, including the possible loss of principal. Prior to investing in this account, you should read the agreement carefully.
¨BizSmart Money Market is limited to six pre-authorized transfers per month, three of which may be checks to third parties. Five dollars per item if limit is exceeded.
†Up to $25 per order


The Complete BizSmart Family

BizSmart Commercial*
This account is perfect for any small to mid-sized business.  It includes unlimited check writing, as well as our popular image statements.  

BizSmart Platinum*
This interest-bearing account is available to sole proprietors and non-profit organizations. It includes image statements, as well as free online bill pay (view rates).  

BizSmart Analyzed
An account designed for businesses that process more than 500 items per month. Per item charges and a monthly service fee are assessed, but these fees can be partially or fully offset by an earnings credit if you maintain collected balances. Detailed image statements are included.  

BizSmart Money Market
A good choice if you want a higher interest-bearing account, but do not need unlimited check writing (view rates).   

BizSmart Cash Management (sweep) 
We’ll invest your excess funds overnight so you can earn interest. A monthly service fee is assessed, but can be partially or fully offset by the interest you are paid and the credit you earn on collected balances. BizSmart analyzed account required.  

BizSmart Cash Management (sweep) with Credit Line
For the ultimate cash management tool, combine the BizSmart Cash Management account with a business line of credit. If your account balance falls short, funds will be automatically transferred from your credit line. Excess funds will be applied to your credit line or invested. A monthly service fee is assessed, but can be partially or fully offset by the interest you are paid and the credit you earn on collected balances. BizSmart Analyzed account and credit approval required. 

Premier Money Market Sweep Account - New!
The Premier Money Market Sweep Account is designed for all commercial accounts, including corporations, small businesses and nonprofit organizations. With this account you not only maximize the return on your cash balances with ease and convenience, you also receive a complete cash management solution. Learn More.

*Businesses that process more than 500 items a month will be converted to a BizSmart Analyzed Account.

For more information on Business Checking Account call us in Utah County at (801) 642-3456, in Salt Lake County at (801) 428-1046, toll free at (888) 842-3456, or visit one of our 11 branches.