Online Banking

Business Accounts

Checking Accounts

Regardless of size or industry, Sterling Federal Bank's trusted Business Banking Team will work with you to design customized solutions to help empower your financial decision making.

Whether you have a small, mid-sized or large business, you will find the right business account to help you confidently manage your everyday expenses.

Business Checking
 

SMALL BUSINESS
CHECKING

PREMIER BUSINESS
CHECKING

COMMERCIAL ADVANTAGE
CHECKING

Minimum to Open

 $100

 $100

 $100

Minimum Balance to
Avoid Monthly Fee

None

$5,000 

Depends on account activity 

Monthly Fee

None

$15

 $20 (can be reduced or eliminated
with compensating balances)

Interest

No

Yes (Tiered)

No (Earnings Credit based on
balance may offset fees) 

Transaction Limit

100 per statement cycle 

200 per statement cycle

All transactions are assessed fees which
can be offset by compensating balances

VISA Business Debit Card

Checkmark Checkmark  Checkmark 

Dedicated Business
Banking Team

No

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SMALL BUSINESS
CHECKING 

 PREMIER BUSINESS
CHECKING

COMMERCIAL ADVANTAGE
CHECKING 

Electronic Banking Packages & Cash Management Services

Essential Business
Banking Package

$15 per statement cycle

Included at no additional cost

Included at no additional cost

Ultimate Business
Banking Package

No

$20 per statement cycle

$20 per statement cycle (can be reduced
or eliminated with compensating balances)

Please contact a member of our Business Banking Team for more details. 

Savings Accounts

Sterling Federal Bank has five savings account options to assist you in planning your financial future. Choose the right plan to suit your needs!

 

MINOR
SAVINGS* 

BRIGHT
SAVINGS 

ULTRA BRIGHT
SAVINGS 

XMAS
CLUB

RETIREMENT
SAVINGS

Savings

Minimum to Open

$5 

 $100

 $100

$5 

$100 

Minimum Balance Required

$5

$200

$1,000

$5

$100

No Monthly Fee

Checkmark     Checkmark Checkmark

Interest

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InfoXpress bank by Phone**

Checkmark Checkmark   Checkmark** Checkmark Checkmark

Online Banking**

Checkmark Checkmark   Checkmark** Checkmark  Checkmark 

ATM Card

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Statements

Annual 

Annual 

Monthly 

Annual

Annual

  *Account converts to Bright Savings upon child's 18th birthday.
**InfoXpress and Online Banking transfers available. Transfers to another account or to third parties by pre-authorized, telephone or computer transfer or
    by check, draft, debit card or similar order to third parties are limited to six per statement cycle.
 

Everest Money Market Savings

Our highest money market interest rates along with convenient access to your money. This account will earn interest based upon your balance and the Federal Reserve Target Rate.

Money Market Savings 

Minimum to Open

$50,000

Minimum Balance Required

Checkmark

Online Banking*

Checkmark 

InfoXpress Bank by Phone*

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Interest

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eStatements**

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 *InfoXpress and Online Banking transfers available. Transfers to another account or to third parties by pre-authorized, telephone
   or computer transfer or by check, draft, debit card or similar order to third parties are limited to six per statement cycle.

**eStatements required for this account.

Certificates of Deposit

With as little as $500 minimum to open, you may choose terms from 6 months through 5 years. These CDs offer Sterling Federal Bank's "Buildable" feature as well. There is a combination of terms and interest rates to fit everyone's financial needs. A penalty may be imposed for any withdrawals of principal from your certificate of deposit, before maturity.

ATM/VISA Business Debit Cards

With the Sterling Federal Bank VISA Business Debit Card your business wins when you save time using our card. This card offers quick and easy purchasing everywhere VISA cards are accepted.

We are a proud member of the Allpoint Network, providing access to over 55,000 surcharge-free ATMs across the United States, Canada, Mexico, United Kingdom and Australia. Conveniently located in retail stores including major discount retailers, convenience, grocery and pharmacy stores. Customers will be able to distinguish the Allpoint ATMs by the green Allpoint logo. Get cash at a convenient location nearest you as often as you like; it's all surcharge free.

If you don't already have one, request one now - just visit your local branch or contact a Customer Service Representative today!

To report a lost or stolen ATM or debit card...

  • During normal business hours: Call 815-626-0614

  • After hours or on weekends: Call 800-417-8715

Out-of-State or Overseas Travel

In the event that you are planning out-of-state or overseas travel, prior to your departure please contact a Customer Service Representative.

You will be asked to provide your travel dates and itinerary in order that your debit card transactions may be closely monitored for your protection.

VISA Business Credit Card

Carry a credit card designed for your business. We offer a variety of business credit cards to meet your needs.

  • VISA Platinum Business Credit Card
  • VISA Platinum Business Rewards Card
  • VISA Corporate Card

Please contact a member of our Business Banking Team for more information or to place an online application, click here.