Business Banking
Opening a business savings account is an essential step towards financial stability.
Business savings accounts form the foundation of effective financial management. When you choose to open an account with 1st Source Bank, you begin a journey towards securing your business’s future. We offer a variety of options, all accompanied by convenient Online and Mobile Banking services. Let’s explore the right account that fits your business needs.
Business Savings
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Business Money Management
Account Type
Savings Account
Money Market Account
Minimum Deposit to Open Account
1No Minimum
1No Minimum
Monthly Service Charge
$5
$10
How to Avoid Service Fees
Maintain a balance of $500 or greater
Maintain a balance of $5,000 or greater
Paper Statement Fee
2$0
2$0
Maximum number of withdrawals per month or statement cycle
Unlimited (First 4 at no cost, then $2 fee per withdrawal)
Unlimited (First 6 at no cost, then $10 fee per withdrawal)
Interest Paid
For a particular business savings account, there may be eligibility requirements. Please see the Business Account Agreement for more details.
1No minimum for opening an account, however a service fee will be charged if the account falls below the daily minimum.
2Paper statements issued quarterly. Duplicate statement requests incur a $5 fee.
