McClain Bank supports businesses of all sizes. Small business owners deserve the same kind of attention that the big corporations receive. That is why we have developed accounts tailored to meet each type's specific needs. Many of our services have free benefits to help with your business' day-to-day bottom line. We'll help you find the right accounts and services you need to help your business prosper.
|Checking Account||Opening Balance||Balance To Avoid Service Charge||Withdrawal Transaction Fees||Interest Bearing|
|Small Business||$100||N/A||$0.20 - First 100 items FREE||No|
McClain Bank's Small Business checking account is designed to make running your business easier.
At McClain Bank, we know owning your own company can be time consuming and expensive – that is why we have streamlined your banking and given you the opportunity to earn money!
The Super NOW Account from McClain Bank is the only interest bearing checking account available to our business customers. It allows you to earn interest on your money while still being able to access it freely and without limitations.
Health Savings Accounts (HSA)
Health Savings Account (HSA) enables you to lower your health insurance premiums, reduce your income taxes, and build an additional retirement account. This is a lower cost alternative to purchasing health insurance for your employees.
Lower your health insurance premiums. High Deductible Health Plan is required but it is less expensive than traditional health insurance.
Reduce your income taxes. Money deposited in your HSA is 100% tax deductible and can be withdrawn to pay for medical expenses, tax free.
Additional Retirement income. Employees always own the account. The funds in the HAS grow tax-deferred like an IRA. At age 65 the money can be withdrawn penalty free for any reason. And catch up contributions are available for people age 55 and over.
Ten percent tax penalty on withdrawals made for unqualified expenses. Please consult a tax advisor.
Also Available with Business Checking Accounts:
Low on checks? Reorder here!