Commercial accounts
Nobody understands Louisiana business like a Louisiana business. Our commercial accounts are designed with your business in mind—offering the same high level of technology and treasury services of any national bank with the experienced local service that only Red River Bank can offer.
Compare the benefits
| Checking Account Types | Small Business Checking | Commercial Checking | Business Checking w/ Interestfootnote 1 |
|---|---|---|---|
| Minimum to open account | $50 | $100 | $2,500 |
| Monthly service charge | NONE | $8.50 | None if balance ≥ $2,500
$9.50 if balance < $2,500 |
| Business check card issuance fee | NONE | $12 | $12 |
| Item fees | 200 FREE per month
Next 300 items: 35¢ each Remaining items: 50¢ each |
Credits: 5¢ each
Paper / debit / checks: 15¢ each Electronic debits / Items deposited: 10¢ each |
Credits: 5¢ each
Debit / checks first 50 free; >20¢ each Items deposited: 10¢ each |
| Earns interest | No | Earnings credit rate: .25% | Minimum balance: $1,000 |
| Basic internet banking | FREE | FREE | FREE |
| Bill Pay | $12 if not used monthly | $12 if not used monthly | $12 if not used monthly |
| Additional features | Unlimited business check card usage | ||
| IOLTA | Interest on Lawyer Trust Accounts (IOLTA) is a method of raising money for charitable purposes. Interest earned on these accounts is rendered to the Louisiana Bar Foundation and is used to support projects benefiting various organizations and needy individuals in Louisiana. | ||
| Non-profit checking | An economical checking account designed for IRS designated non-profit organizations. | ||
| Savings & CD Account Types | Business Money Market Investment | Business Savings | Money Max | CDs |
|---|---|---|---|---|
| Minimum to open account | $2,500 | $250 | $25,000 | $500 |
| Monthly service charge | None if balance ≥ $2,500
$9.50 if balance < $2,500 |
None if balance ≥ $250
$3.00 if balance < $250 |
$0 | $0 |
| Item fees | Credits: 5¢ each
Item deposited: 10¢ each $15 for each excessive restricted itemfootnote 1 |
3 free withdrawals per month
$3 for each additional $15 for each excessive restricted item* |
3 free withdrawals per month
$25 for each additional withdrawal |
Early withdrawals subject to penalty |
| Earns interest | $2,500 min balance | $250 min balance | $25,000 min balance | $1 min balance |
| Basic internet banking | FREE | FREE | FREE | FREE |
| Additional features | Can combine statements with business checking account | Can combine statements with business checking account | Can combine statements with business checking account | Can combine statements with business checking account
Flexible terms & rates Terms: 30 days – 10 years |
Disclosures
- Per Federal Regulations, preauthorized or automatic transfers are limited to six per month. Transfers that exceed this limit are excessive restricted items and are subject to a fee of $15 each. Preauthorized transfers include but are not limited to checks written to a third party, ACH debits, and transfer debits by telephone or through online banking.