Business Checking

Peoples Bank of Middle Tennessee has a wide range of business deposit accounts. Choose one the one that's best for your business and enjoy free 24-hour access to account balances, detailed monthly statements, imaged checks and various other services to meet your needs.

Business accounts include these type of organizations:

  • Sole Proprietorships
  • Partnerships
  • Corporations
  • Limited Liability Companies
  • Government Agencies
  • Not-for-profit Organizations

To open your business account, we will need certain documents from your business:

  • Sole Proprietorships — Social Security number (or tax identification number), and authorization for sole proprietorship
  • Partnerships — Tax identification number, partnership agreement, and partnership authorization
  • Corporations — Tax identification number, articles of incorporation, and corporate resolution
  • Limited Liability Companies — Tax identification number, articles of incorporation, and operating agreement
  • Not-for-profit Organizations — Tax identification number, articles of incorporation and by-laws (if applicable), and organization resolution.

Peoples Bank Checking Account

This account gives your business an affordable checking account with limited transaction activity. There is NO MONTHLY SERVICE CHARGE with $1,000 minimum daily balance, up to 150 checks processed monthly, up to 25 deposits per month, and up to 250 deposited items per month--$0.25 charged per item in excess of these limits.

  • $100 minimum deposit to open account
  • $10 monthly service charge (if minimum balance falls below $1,000) PLUS any excess item charges that may apply

Peoples Business Analysis Account

This account if for businesses with a high volume of transaction activity. The monthly service charge is based on account activity. An earnings credit on your balances may offset some or all of the fees listed below.

  • $100 minimum deposit to open account
  • Monthly Maintenance Charge - $10.00
  • See Customer Service Representative for details and rates on per item charges

Peoples Business Interest Account

This account is available to sole proprietors, non-profit and government agencies only. There is NO MONTHLY SERVICE CHARGE with $2,500 minimum daily balance, up to 150 checks processed monthly, up to 25 deposits per month, and up to 250 deposited items per month--$0.25 charged per item in excess of these limits.

  • $2,500 minimum deposit to open account
  • Competitive interest paid on all balances
  • $10 monthly service charge (if minimum balance falls below $2,500) PLUS any excess item charges that may apply

Peoples Business Money Market Account

This business account earns a competitive rate of interest with limited check writing activity. There is NO MONTHLY SERVICE CHARGE with minimum daily balance of $2,500.

  • $2,500 minimum deposit to open account
  • $10 monthly service charge (if minimum balance falls below $2,500)
  • 6 withdrawals/checks/transfers/debits per month
  • $5 charge per withdrawal/check/transfer/debit in excess of 6