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BusinessEssentials Checking

Built for businesses with higher account balances and transaction volumes. Because you shouldn't have to pay more for doing more business. 

Business banking made for you.

Stop paying fees for your business's banking essentials and keep more of the money you earn.

Take Care of Business

  • Free, unlimited ACH transactions
  • Free, unlimited incoming wires
  • Free outgoing wires, one per day
    (International wires - $40)
  • Free, unlimited mobile deposits
  • Free auto cash sweeps (auto transfers between Stearns accounts)
  • Free, unlimited Bill Pay 

Say Farewell to Fees

  • No hidden fees
  • No maintenance fees 
  • No inactivity fees
  • No statement fees, with free monthly eStatements
  • Fee-free, nationwide ATM network

Take The Guesswork Out Of Small Business Banking

Focus on your business' success instead of worrying about your banking partner. 

With enhanced FDIC coverage, your hard-earned business accounts are covered! Plus no hidden fees and industry-leading interest rates mean your money truly works for you.


Earn More

Earn interest on any balance
  • 0.25% APY* if balance is $24,999.99 or less. A balance of $0.01 is needed to earn the APY.
  • 0.50% 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 07/03/2024 and subject to change at any time, including after account opening. Fees may reduce earnings.
** Earn up to $500 per month. Pending and preauthorized debit card transactions do not earn cash rewards until the final transaction posts to the account. Cash rewards rate effective 07/03/2024.

In control and on the go.

This account is best for businesses that:

  • Maintain a high balance, over $25k*
  • Use ACH payments and wire services
  • Have high transaction volumes, including payroll and bill payments

*If business customer does not satisfy the average monthly minimum balance of $25,000, a flat monthly fee of $100 shall apply.  Deposits held in a different name from the business or by a different business entity cannot be aggregated to satisfy the minimum balance requirement. We total the average monthly balance by adding the average daily balances (calculated by totally the balances in your account at the end of each day for the statement period), divided by the number of days in the statement period.  


Merchant Services

Cater to the payment preferences of your customers. Online, in-person or on the go.

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Transfers Made Easy

Remote deposit, ACH, and wire services help your business shift money where it needs to go.

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Accessible Online Banking

Keep your banking in the palm of your hand with 24/7 account access and simple, custom settings. 

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Get Paid Faster

Manage accounts receivable, send invoices, accept online payments, and more.

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Real help from real people

Your account is at your fingertips, but friendly help is also right within reach.

Contact Us

High-Balance Protection

Extend FDIC coverage across large balances, with a single bank relationship. 

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Expert insight

Take advantage of economic updates with invitation-only access to quarterly webinars.

  • Ask questions
  • Explore economic news and predictions
  • Make better, more informed decisions

Need help deciding if this account is right for your business? Talk with an expert today. 


Frequently Asked Questions (FAQ)

What types of business accounts does Stearns Bank offer?

There are a variety of accounts available for businesses, including BusinessEssentials checking: for businesses with high balances and strong transaction volumes; and BusinessSmart checking & market savings: for businesses of all types, from start-ups to seasoned enterprises. Certificates of Deposit (CDs) are also available. Other account options are available. Contact us to learn more and discover the best fit for your business.

Does Stearns Bank offer IRAs?

Yes. Individual Retirement Accounts (IRAs) are available for personal retirement planning. Traditional and Roth IRA options available. Contact us to learn more and discover the best fit for you.

Are there cash rewards on debit card purchases?

Yes. Diamond Cash Rewards are available on Above the Norm checking, BusinessEssentials checking and BusinessSmart checking debit card purchases. See current rates for details.

Is there a minimum monthly balance requirement for Stearns Bank accounts?

Many Stearns Bank business and personal accounts DO NOT have minimum balance requirements while others, like BusinessEssentials checking DO. See specific account details for current requirements.

Is there a fee for monthly statements?

Monthly eStatements are free and can be requested within your online account (StearnsConnect) under Settings.

Paper statements, if preferred, are $5 per month.

How do I enroll in online banking?

Once your Stearns Bank account is opened, enroll in online banking by visiting the login page and choosing the type of account you’d like to enroll in. Contact the StearnsConnect electronic banking team at (888) 629-8707 if you need assistance.

Are there fee-free ATMs?

Stearns Bank customers have access to 42,000 in-network, fee-free ATMs across the country. Look for the MoneyPass and Shazam logos. You also can find in-network ATMs on the Locations/ATMs page.

Do these accounts pay interest?

Interest can be earned on certain accounts, including Above the Norm checking and market savings accounts, BusinessEssentials checking and BusinessSmart checking and market savings accounts. See specific account details for current rates.

When can I access my deposited funds?

Generally, you can access funds on the first business day after the date of receipt.

Is mobile banking available?

Yes. The StearnsConnect mobile app, you can access your account 24/7; deposit checks, view account balances, transfer funds, pay bills, and more.

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