Business Checking Accounts
At The Bank of Glen Burnie, we work with small and mid-sized businesses across Maryland to design account structures that align with how businesses operate today – and where they’re going next.
Choosing the right bank account is one of the most important financial decisions a small business can make. But many businesses operate for years with an account that no longer fits how they actually run – or rely on a single account when a more thoughtful setup could improve cash flow, visibility, and growth.
Our team is ready to help you develop custom business banking solutions that meet your unique needs – not one-size-fits-all accounts.
Contact us today and see what community banking is all about.
With SwitchAssist, moving your business accounts to BofGB is simple, secure, and stress-free.
Your Business, Your Money
Business Checking Account Options
| Business Checking | Non-Profit Checking | Small Business Checking | Business Interest Checking | Premium Interest Checking | ||
|---|---|---|---|---|---|---|
| Minimum Opening Deposit | $300 | $50 | $100 | $1,000 | $2,500 | |
| Minimum Balance | No | No | $2,500 | $1,000 | $2,500 | |
| Maintenance Fee per Statement Cycle | $12 + $0.12 activity fee1 Terms & Conditions | No | No3 Terms & Conditions | No4 Terms & Conditions | No5 Terms & Conditions | |
| Interest Earned | No | No | No | Yes | Yes | |
| Other Limitations | No | No | No | Limited to sole proprietors and non-profit organizations only | Limited to sole proprietors and non-profit organizations only | |
| Additional Benefits | An earnings credit of $0.021 for each $100 of average available balance is applied during each statement cycle.2 Terms & Conditions | Unlimited check writing |
| Free monthly statements | - |
Terms and Conditions
- Business Checking:
- 1Activity fee of $0.12 is charged for each item presented against the account and each item deposited into the account.
- 1Activity fee is waived for all checks deposited into the account that are drawn on The Bank of Glen Burnie.
- 2Earnings credit will be applied to reduce maintenance and activity fees. It cannot exceed total maintenance and activity fees that apply during the statement cycle.
- 3Small Business Checking: No monthly maintenance fee unless daily ledger balance falls below $2,500 in a statement cycle; then $10 fee
- 4Business Interest Checking: No maintenance fee unless daily balance falls below $1,000 in a statement cycle; then $5 fee and $0.20 per item paid
- 5Premium Interest Checking: No maintenance fee unless daily balance falls below $2,500 in a statement cycle; then $7 fee
Interest Rates
All interest rates are set by The Bank of Glen Burnie® and are subject to change at any time based on market conditions.
Important Information: Fraud Protection | New Account Opening Information
