CheckingSavingsLendingSBAServicesFAQ

48 hr

Loan Decision

4.85%

Business Savings APY

$5M

Max Loan Amount

$0/mo

Checking Fee

2.6%+10¢

Merchant Rate

Business Checking

Banking built for how business works

From sole proprietors to mid-market companies — no fees, no minimums, and tools that scale with you.

Every account includes

No monthly maintenance fee, no minimum balance

Unlimited ACH origination and domestic wires

Same-business-day ACH cutoff until 6 PM ET

Evertrust Business Mobile — deposit, transfer, approve payments

Positive Pay fraud protection included at no cost

Zelle for Business — send & receive up to $25K/day

Free unlimited bill pay and e-statements

Two-factor authentication and role-based user access

Business Essential

$0 to open

$0/mo

Unlimited transactionsFree ACHMobile depositDebit cardOnline banking
Most Popular

Business Plus

$500 to open

$18/mo (waived at $5K avg)

All Essential features200 free cash deposits/moDedicated relationship managerPriority phone supportFree domestic wires × 4/mo

Business Premier

$25K avg required

$0/mo (relationship pricing)

All Plus featuresUnlimited cash depositsEarnings credit offsetting feesTreasury mgmt toolsCustom reporting

Business Savings

Put your reserves to work

Industry-leading rates on business savings, money market, and short-term CDs — all FDIC insured.

FDIC Insured

Business High-Yield Savings

4.85% APY

$1,000 min

Earn a top-tier rate on operating reserves. No lock-in, full liquidity, FDIC insured.

No limit on withdrawals
Linked to checking for sweeps
Daily compounding
FDIC Insured

Business Money Market

4.60% APY

$2,500 min

Check-writing access with premium APY. Ideal for reserve funds you may need quickly.

6 free withdrawals/mo
Check-writing included
FDIC insured to $250K
FDIC Insured

Business CD — 12 Month

5.10% APY

$5,000 min

Lock in a guaranteed rate for short-term cash you won't need for a year.

Guaranteed fixed rate
Auto-renew option
FDIC insured

APY = Annual Percentage Yield. Rates accurate as of today and subject to change without notice. FDIC insured up to $250,000 per depositor. Fees may reduce earnings.

Business Lending

Capital when your business needs it

From working capital lines to multi-million dollar commercial real estate — in-house underwriting means faster decisions and more flexibility.

48 hr

Typical loan decision

$5M

Max conventional loan

7.49%

Term loan from (APR)

100%

Equipment financing

SBA Programs

Government-backed financing, in-house expertise

Evertrust is an SBA Preferred Lender — full delegated authority to approve SBA 7(a) loans without waiting for SBA review.

Business Services

Every tool your business runs on

Beyond deposits and loans — the operational infrastructure that keeps your business moving.

FAQ

Common questions

Answers to what business owners ask most. Speak with a relationship manager for anything not covered here.

What documents do I need to open a business account?

Government-issued ID for all owners with 25%+ ownership, EIN/Tax ID letter from the IRS, business formation documents (Articles of Incorporation, LLC Operating Agreement, or DBA filing), and your business address. We can open most accounts in one visit or fully online.

Can I open a business account if my personal credit is imperfect?

Yes. Business deposit accounts are not credit products and do not require a credit check. Business loans and lines of credit do involve a credit review, though we evaluate the full picture including business revenue, cash flow, and time in business.

How does the 48-hour loan decision work?

Submit your application and required documents online or with your relationship manager. Our credit team renders a preliminary decision within 48 business hours. Complex commercial real estate or SBA deals follow their own timelines (typically 5–15 business days).

Is my business deposit FDIC insured?

Yes. All Evertrust business deposits are insured by the FDIC up to $250,000 per ownership category. Businesses with multiple accounts may be eligible for additional coverage. Ask your relationship manager about CDARS or IntraFi network deposit options for amounts above the standard limit.

Do you offer financing for startups with less than 2 years in business?

Yes, through select SBA programs and our startup lending division. Requirements vary but typically include a strong personal credit score (680+), a solid business plan, collateral, and an equity injection of at least 10%. Contact us for a no-obligation consultation.

What is Positive Pay and is it included?

Positive Pay is a fraud prevention service that matches checks presented for payment against a register of checks you've issued. Any discrepancy is flagged for your review before payment is made. Evertrust includes Positive Pay at no additional charge on all Business Plus and Premier checking accounts.

Evertrust Federal Bank is an Equal Opportunity Lender. All loans subject to credit approval. Rates and terms subject to change. FDIC insured. Member FDIC.