Business Checking for a Stronger Community

Practical checking solutions designed to support your business — today and as you grow.

Why Bank of Labor for Business

For over 100 years, Bank of Labor has had the back of small businesses in our community. We offer the strength of a full-service bank with people who understand how local businesses operate – helping you manage cash flow, protect funds, and simplify day-to-day banking.

Three Business Checking Solutions – Tiered to Meet Your Business Demands

From basic business banking to fraud protections, and advanced treasury management services, we have a checking account designed to meet your needs.
  • Business Core Checking – Essential banking for lower-volume account activity.
  • Business Choice Checking – Bundle includes simple ways to earn more on your funds and help protect them from fraud.
  • Business Champion Checking – Advanced treasury management for growing organizations with higher transaction volumes. Includes consolidated billing and earnings credits to help reduce service fees.
Included
Additional Fee
–  Not Available
Business Core Checking Business Choice Checking Business Champion Checking
Monthly Maintenance Fee $0 $0 with a minimum of $50,000 balance ($49.95 under $50,000) Analyzed
Included Transactions 75 ($0.35 each additional transaction) 75 ($0.35each additional transaction) Unlimited

Remote Deposit Capture

Choice Cash Sweep

  • Mirrors ICS rates
  • FDIC coverage applies (up to $250K per EIN)
  • Requires a minimum of $50,000 account balance
 – –
Earnings Credit Rate (ECR) to Offset Fees
  • Remaining fees are deducted from the account balance on the statement.
 – –
Online and Mobile Banking, Plus TeleLink
Business VISA® Debit Card

Access 37,000+ surcharge-free MoneyPass ATMs nationwide

External ACH Transfers
  • First 5 complimentary each month among the first 5 receivers established on the account
Check Positive Pay
  • First 15 exception items are included
ACH Positive Pay
  • First 15 exception items are included
Advanced Treasury Management Services – Fees Apply

Insured Cash Sweep

Payroll Solutions
Credit Card Processing Solutions
Dues Collection
ACH Block
Zero Balance Account
Bill Pay
Wires
ACH Origination
Account Reconciliation
Lockbox
Merchant Services
SmartPay
Open Account Open Account Open Account

Business Core Checking

Essentials for lower-volume business activity.
  • Monthly fee: $0
  • 75 transactions included per month ($0.35 each additional transaction)
  • Business VISA® debit card included
    • Access to 37,000+ surcharge-free MoneyPass® ATMs nationwide
  • Online and mobile banking plus TeleLink included
  • Electronic statements included
  • Advanced Treasury Management Services available:
    • Insured Cash Sweep available
    • ACH Block
    • External ACH Transfers/Electronic Payments
    • Zero Balance Account
    • Bill Pay
    • Wires
    • ACH Origination
    • Account Reconciliation
    • Lockbox
    • Merchant Services
    • SmartPay
    • Payroll Solutions
    • Remote Deposit Capture
    • Check Positive Pay
    • ACH Positive Pay

Business Choice Checking

Bundle includes simple ways to earn more on your funds and help protect them from fraud.
  • Monthly fee: $0 (with a minimum $50,000 balance; $49.95 if under $50,000)
  • 75 transactions included per month ($0.35 each additional transaction)
  • 5 complimentary External Transfers per month*
  • Choice Cash Sweep available: Complimentary cash management solution that automatically moves excess balances while keeping funds accessible and earning interest
  • Check and ACH Positive Pay: First 15 exceptions complimentary
  • Business VISA® debit card included
    • Access to 37,000+ surcharge-free MoneyPass® ATMs nationwide
  • Online and mobile banking plus TeleLink included
  • Electronic statements included
  • Advanced Treasury Management Services available:
    • Insured Cash Sweep available
    • ACH Block
    • External ACH Transfers/Electronic Payments
    • Zero Balance Account
    • Bill Pay
    • Wires
    • ACH Origination
    • Account Reconciliation
    • Lockbox
    • Merchant Services
    • SmartPay
    • Payroll Solutions
    • Remote Deposit Capture
    • Check Positive Pay
    • ACH Positive Pay

Business Champion Checking

Custom bundled solutions for higher volume of transactions and complex cash management needs.
  • Rewarded with an Earnings Credit Rate (ECR) to help offset analyzed service fees
  • Remaining analyzed service fees are deducted from the account balance on the statement
  • Unlimited transactions included
  • Business VISA® debit card included
    • Access to 37,000+ surcharge-free MoneyPass® ATMs nationwide
  • Online and mobile banking plus TeleLink included
  • Electronic statements included
  • Advanced Treasury Management Services available
    • Insured Cash Sweep available
    • ACH Block
    • External ACH Transfers/Electronic Payments
    • Zero Balance Account
    • Bill Pay
    • Wires
    • ACH Origination
    • Account Reconciliation
    • Lockbox
    • Merchant Services
    • SmartPay
    • Payroll Solutions
    • Remote Deposit Capture
    • Check Positive Pay
    • ACH Positive Pay

Alert: Check & ACH Fraud Is Increasing

489%
Fraud Increase
from 2014–2024*
  • Fraud related to check, ACH, and wire fraud up 489% from 2014–2024*
  • U.S. check fraud up 385% since the COVID-19 pandemic*
  • Strong new threats created by new technology

It’s not if your organization experiences check or ACH fraud it is WHEN.

The result is chaos, lost time and money.

SOLUTION: Business Choice
with Positive Pay fraud-fighting features.

Learn About Positive Pay →

*Sources: FederalRegister.gov and Treasury Dept.

Contact Treasury Services