Business Checking Accounts

We are pleased to introduce our business checking products and will work with you to determine the account that will best meet your needs. We want to be YOUR personal banker. Open your account today!

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HI Power Business Checking

Would you like to earn interest on your business checking account?

Wolverine Bank now offers high interest business checking for Sole Proprietorships. 

This product offers several benefits for your business:

• ATM surcharges refunded up to $10 per month and Wolverine fees waived.
• Unlimited free cash back transactions and access to surcharge free network.
• Tiered interest rates
• No minimum balance
• The security of placing your deposits in one of the strongest banks in the country.

APY = Annual Percentage Yield. No minimum balance required. If requirements* are not met, or Wolverine Bank VISA Check Card refused, there will be a $5.00 per month fee. *Must make 12 signature transactions with Wolverine Bank Business VISA Check Card per month; must have a valid e-mail address and receive eStatements (when available); must login to Online Banking at least once per month; no more than 150 transactions per month (i.e. number of deposits, checks written or checks deposited) if over 150 a $0.35 excess item charge per item will be applied. No refund or fee waiver if requirements not achieved. Check Cards are eligible for participation on UChoose Rewards Program. Rates effective as of 02/22/10 and rates subject to change without notice.

Free Business Checking

• Minimum to open account -- $100
• No minimum balance fee
• 150 free transactions* (includes checks deposited, transfers, account transactions and deposits)
• Up to $10,000 free coin and currency deposited or exchanged each month**

* There is a $5 excess item charge and 25 cents for each item over 150. ** If exceeding $10,000 -- $5 fee and $.0025 per dollar.

Value Business Checking

• Minimum balance to avoid maintenance fee -- $3,500.00
• Maintenance fee if account falls below minimum balance -- $5.00
• 150 free transactions monthly, fee per excess of 150 transactions -- $0.10

Premium Business Checking¹

• Interest Rate -- Competitive variable rate
• Minimum balance to avoid maintenance fee -- $3,500.00
• Maintenance fee if account falls below minimum balance -- $10.00
• 50 free transactions monthly
  Fee per excess of 150 transactions -- $0.10

Wall Street Commercial Checking

• Monthly maintenance fee -- $5.00
• 50 free transactions monthly
  Fee per excess of 150 transactions -- $0.10
• Earnings Credit -- Varies per month

Checkmate¹

• Minimum to open account -- $100
• Minimum balance to avoid monthly and transaction fees --$5,000
• 150 free transactions monthly, fee per excess of 150 transactions -- $0.25
• Free check imaging available online
• Monthly charge for check return -- $10

¹Due to government restrictions, sole proprietors, non-profits, and government units are the only entities that qualify for interest bearing checking. All others including LLCs and any other variation of "for profit" corporations and partnerships do not qualify.

Money Market Accounts

Money Market

• Earns competitive interest rate
• No service charges with minimum balance
• Monthly itemized statement of transactions
• ATM access
• Check writing available
• Transaction limits apply

Premium Money Market

• Tiered interest rate - higher interest rate for higher balance
• Earns competitive interest rate
• Minimum to open account -- $1000
  No service charges with minimum balance
• Monthly itemized statement of transactions
• ATM access
• Check writing available
• Transaction limits

Savings Accounts

Statement Savings

• Earns competitive interest rate
• ATM Access
• Itemized statements
• Monthly service fee waived with minimum balance, minors under the age of 18, or senior citizens with direct deposit of benefits payments
• Senior citizens must notify the bank of their age to qualify for the service fee waiver
• Transaction limits apply

Premium Savings

• Tiered interest rate - higher interest rate for higher balance
• Earns competitive interest rate
• Minimum to open account -- $1000
• ATM Access
• Itemized statements
• Monthly service fee waived with minimum balance, minors under the age of 18, or senior citizens with direct deposit of benefits payments
• Senior citizens must notify the bank of their age to qualify for the service fee waiver
• Transaction limits apply