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Flagship Bank Accounts

BUSINESS BANKING 

Over the years, we’ve helped many businesses realize their goals.  From small, home-based businesses to larger corporations, we’ve provided our banking expertise to help companies grow and prosper.   


Checking and Savings Accounts       Click here to order checks.

Flagship Bank offers low-cost checking accounts designed for small-to-large businesses depending on the activity in the account, and very competitively priced savings accounts. 


BUSINESS BASIC CHECKING (designed for small businesses with limited banking needs)
  • $250 minimum daily balance requirement ($10 service charge if daily balance falls below $250)
  • $.35 for each check paid, debit, credit or deposited item over the first 50 items
  • Monthly statement with images of all checks and deposit tickets

    ADMIRAL BUSINESS CHECKING ACCOUNT (designed for small to medium-sized businesses with moderate transaction activity)
  • Competitive tiered interest rates paid on daily balance (1,2)
  • $5,000 minimum daily balance requirement
  • $15 service charge assessed if daily balance falls below $5,000
  • $.40 per each check paid, debit, credit, or deposited item over the first 250 items
  • Check images included with your bank statement

    BUSINESS PLUS CHECKING (designed for businesses with a higher volume of activity)
  • No minimum balance requirement
  • $15 monthly maintenance fee
  • Earnings credit used to offset fees (see ‘Sample Calculations’ below)
  • $.50 per deposit
  • $.12 per check paid, debit, ACH transaction or deposited item
  • Monthly statement with images of all checks and deposit tickets
  • See Sample Calculation of Monthy Activity Charges Below

    NON-PROFIT/GOVERNMENT CHECKING ACCOUNT (designed for non-profit 501(c)(3) businesses and government/public fund entities)
  • Competitive tiered interest rates paid on daily balance (1,2)
  • $500 minimum daily balance requirement
  • $.40 per each check paid, debit, credit, or deposited item over the first 500 items
  • $10 service charge assessed if daily balance falls below $500
  • Check images included with your bank statement

    REGULAR SAVINGS
  • $50 minimum daily balance requirement
  • $5 service charge per month if daily balance falls below $50
  • Federal regulation limits this account to 6 withdrawals per month by telephone, Internet banking, preauthorized or electronic with no transfers by check, draft, debit card or similar order to third parties

    MONEY MARKET SAVINGS
  • $1,000 minimum daily balance requirement
  • $10 service charge per month if daily balance falls below $1,000
  • Competitive tiered interest rates with interest paid monthly
  • Federal regulation limits this account to 6 withdrawals per month by telephone, Internet banking, preauthorized, electronic, debit card, check, draft or similar order to third parties

    1At our discretion, we may change the interest rate on your account.
    2This rate may change without notice.

     

    Business Plus Checking Sample Account Service Charge Calculation

    EARNINGS ALLOWANCE:

     

     

    Average Ledger Balance

     

    $42,000.00

      Less: Uncollected Funds

     

    -$1,500.00

    Average Collected Balance

     

    $40,500.00

      Less:  Reserve Requirement (10%)

     

    -$4,050.00

    = Net Average Collected Balance

     

    $36,450.00

     

     

     

    ACCOUNT ACTIVITY:

     

     

    Account Maintenance Fee

     

    $15.00

    Deposits

    8 x $0.50

    $4.00

    Checks Written

    40 x $0.12

    $4.80

    Checks Deposited

    20 x $0.12

    $2.40

    ACH Credits

    2 x $0.12

    $0.24

    ACH Debits

    4 x $0.12

    $0.48

    Uncollected Funds Charge

     

    $1.64

    = Total Activity Charges This Month

     

    $28.56

     

     

    ACCOUNT CHARGE:

     

     

    Activity Charges

     

       $28.56

      Less:  Earnings Allowance *

     

    -$ 3.10

    = Account Service Charge This Month

     

    $25.46

     

     

     

     

     

     

    Earnings Credit Rate 0.10% **

     

     

  •  

    *The calculation is based on the number of days in statement period. This example illustrates Account Service Charge for a 31-day month/statement period.  

                                                                                                                                       

    **The earnings credit rate is subject to change without notice.

     

    Flagship Bank is required by Federal regulation to implement the Unlawful Internet Gambling Enforcement Act (Regulation GG - UIGEA) to ensure that its commercial customers’ accounts do not receive deposits or other credits derived from illegal Internet gambling.