Opening Deposit7: $500 ● Monthly Fee5: $50
Required Balance6 to avoid paying the monthly fee: $25,000 (average collected account balance)
Free features of Avenue Bank business accounts:
Debit/ATM card, and access to any bank ATM with no ATM fees – use any ATM for FREE
First order of basic checks4 (qty. 150)
Free Cash Processing at any Avenue Bank location
Electronic monthly statements (you can opt for paper if you prefer)
Business Savings Account1
Preferred Money Market3 rates are available; inquire about current options.
Small Business/Treasury Management Account features:
500 items* processed monthly without charge (items over 500 @ $0.30 each)
Free Online Banking1 with Dual Control Limits and Sub-User Administration for security within your organization
Free Bill Pay
Scanner for Remote Capture (35 DPM Epson single-feed scanner provided free of charge**)
Automated Clearing House (ACH) with no monthly service charge, to be utilized for payroll
1) Two ACH batches per month
2) Subject to credit approval
Free courier service in Davidson and Williamson Counties (up to once weekly – no cash)
Other Available Services (fees may apply):
Merchant Services for Credit Card Processing
Wire module via Online Banking (outbound international and domestic wire fees apply per wire)
Armored Car Services
This account is available only to qualified small businesses. All Treasury Management products are subject to approval. Avenue Bank reserves the right to withhold or withdraw services.
* “Items” include deposit tickets, deposited check items, checks cleared, electronic debits and electronic credits.
** $100 set-up fee may apply.