Business Checking

No two businesses have the same needs. African Development Bank has an account for those businesses looking for a simple way to manage finances and for those that are more complex.

Business Checking Account Benefits

Free Customer Account
Free Mobile Banking
Free Mobile Deposits*
Free Bill Payment

Free eStatements
Access to over 5000 surcharge free ATMs worldwide
African Development Bank MasterCard® Business Debit Card

^*Daily deposit amounts and transactions are limited, as this product is consumer driven – See Cash Management for a more viable business deposit capture product.

Small Business Checking

If you are a business or organization with smaller volumes and basic checking needs, this account is right for you.

Commercial Checking

Commercial Checking is the solution for customers with higher balances and activity. An earnings credit is calculated each month based on the balances maintained. This earnings credit is applied to the cost of services (number of debits/credits posted, wire transfers, change orders, stop payments, deposited currency, etc.) to offset a portion (if not all) of your service charges. Paired with Cash Management Services, this account will give you greater financial control.

Capital NOW Business Checking⁵

If you are a sole proprietor, a non-profit organization or a government agency seeking to earn interest on your checking account, this account may be right for you.

Capital NOW Prime Partner IOLTA Checking⁶

African Development Bank is a Prime Partner with the Texas Equal Access to Justice Foundation and pays a premium rate of interest based on the Federal Funds Rate. This type of account allows attorneys to meet requirements for placing funds in IOLTA accounts.

African Development Bank Business Checking Accounts Comparison Chart

Accounts	Small Business Checking	Commercial Checking	Capital NOW Business Checking⁵	Capital NOW Prime Partner IOLTA Checking⁶
Monthly Service Fee	No service charge with an average collected balance of $3,000, otherwise $12.	Analyzed Account – Service Charges are based on account activity³.	No service charge with a minimum daily balance of $2,000, otherwise $12.	No service charge
Withdrawals¹	Up to 200 transactions per statement cycle included. Each additional transaction is $0.35 (includes all debits, credits and items deposited).	Unlimited	Unlimited transactions with a $2,000 minimum daily balance, otherwise $0.10 per transaction (includes all debit and credit transactions).	Unlimited
Interest	None	None	Maintain $500 average daily balance to earn interest².	No minimum balance required to earn interest².
Currency Deposit	First $10,000 – No charge per statement cycle⁴	Analyzed Account – Service Charges are based on account activity³.	None	None
Minimum to Open	$100	$100	$100	$1000

¹Transactions (debits, credits, and deposited items) are per activity cycle for statements; service charges and interest calculations are monthly.
²Interest is accrued and paid monthly.
³Please see Schedule of Fees for all charges that may apply.
⁴Includes coin and currency - $1.00 per $1,000 – First $10,000 – no charge per statement cycle
⁵Limited to Sole Proprietors, certain non-profit organizations, or government agencies
⁶Operating account required.

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Business Checking