BusinessSmart Checking

Name: Stearns Financial Services, Inc.
Address: 4140 Thielman Lane Suite #105, St. Cloud, MN, 56301
Telephone: 800-320-7262

You’re always adapting to challenges and seeking new opportunities. And, while some things may be out of your control, your checking account shouldn’t be.

With a BusinessSmart™ checking account, you’re in control; plus, you’re always backed by an expert team, driven by a passion to help you reach your goals.

BusinessSmart business checking from Stearns Bank

Which business account is right for you?

With BusinessSmart checking, there is one, simple, transparent checking account option. Don’t bother sorting through a long list of choices that overwhelm your decision.

Instead, choose the option that includes all the best features: no minimum balance, no opening balance requirements, no monthly fees. No paying for things you don’t need.

BusinessSmart Checking for small business

Bring it all together

Chances are, you’re going to need multiple accounts. Combining a BusinessSmart checking account with a BusinessSmart market savings account keeps your overall banking connected. Your savings can grow, while you’ve got the cash flow you need.

And, for your personal life, we recommend Above the Norm™ checking, savings and CD accounts.

See our blog: The 5 Benefits Of Having Multiple Business Accounts

StearnsConnect

Online and mobile banking that goes where you go.

StearnsConnect is the safe and secure platform that puts banking at your fingertips anywhere, anytime, from any device.

Check balances, transactions and deposits
Customize email and text alerts
View online statements
Transfer funds
Pay bills and schedule payments
Wire funds from your mobile phone

Learn More About StearnsConnect

Account Features

Simple. Smart. Rewarding. This is how we do business banking.

Simple

We've simplified the best checking account options, creating one easy choice.

Smart

Bank when and where it's convenient for you. StearnsConnect online and mobile banking is always open.

Rewarding

Grow your money

0.15% APY* if balance is $24,999.99** or less
0.20% APY* if balance is $25,000.00 or more

Diamond Cash Rewards

0.10% cash rewards on EVERY debit card purchase, deposited to the account monthly***

* APY is annual percentage yield. Rates are accurate as of 5/19/2020 and subject to change at any time, including after account opening. Fees may reduce earnings.
** A balance of .01 is needed to earn the APY.
*** Earn up to $500 per month. Cash Rewards rate effective 6/15/2020

Nationwide ATM Network

Access our nationwide fee-free ATM network, with more than 32,000 locations. Find an ATM or branch location.

"I’m happy I made the switch to Stearns Bank. Change is sometimes hard, but Stearns Bank made it easy. They went above and beyond to make me feel comfortable."

Greg Haffely
Senior Vice President, Employee Health and Benefits
Marsh & McLennan Agency LLC
Golden Valley, MN

The Stearns Bank Difference

Recognized national top-performing bank
Well-positioned for any economic climate
Employee-owned, customer-driven
Personal service from real people
Guidance from dedicated experts
Nationwide lending and banking services

Fraud prevention programs at Stearns Bank

Financial Fraud Protection

Stearns Bank program recognizes latest scams

Anyone can fall victim to financial fraud. Fraud schemes are becoming more sophisticated and difficult to detect. Stearns Bank has a robust fraud prevention program to monitor threats and take action. If we notice suspicious or unusual activity on your business or personal accounts, we will intervene to help prevent financial loss. Contact us if you suspect fraudulent activity on your Stearns Bank account.

See our blog on fraud prevention programs at Stearns Bank.

Learn More

Frequently Asked Questions (FAQ)

What types of accounts do you have?

For personal banking we offer Above the Norm Checking and Above the Norm Market Savings. For business banking we offer BusinessSmart Checking and BusinessSmart Market Savings. Stearns Bank also offers certificates of deposit (CDs) to business and personal banking customers, as well as individual retirement accounts (IRAs).

Do you offer cash back on debit card purchases?

Stearns Bank offers 0.10% Diamond Cash Rewards on BusinessSmart Checking debit card purchases. Up to $500 per month deposited into your account. No redemption required.

Is there a minimum balance requirement for the account?

There are no minimum balance requirements to avoid fees.

Is there a monthly fee?

At Stearns Bank we don’t think you should have to pay to be our customer. Some services do cost money but there are no monthly maintenance or activity fees.

Is there a fee for paper statements?

To help you manage your account, our checking products offer an online statement. If a paper statement is preferred, no problem! Paper statements are available for a small fee.

How do I enroll in online banking?

To enroll in online banking, contact the StearnsConnect electronic banking team at 888.629.8707. Or visit StearnsBank.com, select “Login” at the top of the page, and “Enroll in Business Banking.”

How long does it take to receive my debit card?

Please allow five to seven business days to receive your Stearns Bank debit card. When the card arrives you can earn Diamond Cash Rewards on all your purchases. See our question "Do you offer cash back on debit card purchases" for details regarding Diamond Cash Rewards.

Are there transaction charges?

Stearns Bank does not charge customers for basic transactions. However, complex transactions may carry fees. See your account fee schedule for specific rates.

Do you have automatic teller machines (ATMs) that do not charge a fee?

Our accounts include access to more than 32,000 ATMs across the country – with no fees. Look for the MoneyPass and Shazam logos. You also can find ATMs on the Locations/ATM page on StearnsBank.com.

Do these accounts pay interest?

Stearns Bank pays interest on all savings and checking accounts. See disclosures for rate information.

How much money do I need to open an account?

You can open your account today and fund it later.

Can I access my funds right away?

Generally, you can access funds on the first business day after the date of receipt. You will receive a disclosure at account opening that explains when your funds will be available.

Do you have mobile banking, and can I deposit checks remotely via a mobile app?

With the StearnsConnect mobile app, you can deposit checks, view account balances, transfer funds, pay bills – do your banking any time from any place.