Deposit Accounts

Business Deposit Accounts

University Bank is committed to providing the people and businesses of Washtenaw County with the best banking services available, and the community support you deserve from your bank. Whether you are a family, a business, or a community organization, we want to be your bank.

Small Business Checking

  • Minimum opening balance $100
  • Monthly service charge – may apply if avg. daily balance falls below $2500
  • Per Debit/Check Fee – in excess of 100 per month
  • Unlimited deposits

Platinum Business Checking

  • Minimum opening balance $100
  • Monthly service charge may be partially or fully offset by earnings credit
  • Per Debit/Check Fee – in excess of100 per month

Business NOW Checking

  • Minimum opening balance $500
  • Business must meet qualifiying requirements
  • Monthly service charge – may apply if avg. daily balance falls below $1000
  • Interest bearing

Community Unity Checking

University Bank will make a one-time donation to an approved charity of your choice. The donation is equal to 1% of the average balance in the account based on the third full calendar month after account opening.

  • Minimum opening balance $100
  • Non-Profits only
  • No monthly service charge
  •  Interest bearing
  • Unlimited deposits/check writing

Business Money Market

  • Minimum opening balance $1,000
  • Monthly service charge – may apply if avg. daily balance falls below $500
  •  Tiered interest rates
  • Maximum of 6 pre-authorized withdrawals per statement cycle

IOLTA (Lawyer Trust)

  • Minimum opening balance $100
  • No monthly service charge
  •  Interest bearing
  • Interest credited to the Michigan State  Bar Association
  •  Unlimited deposits/check writing

Community Unity Money Market (business)

This is an interest bearing money market, available to approved non-profits, with no minimum balance requirements. A one time donation of 1.0% of the average daily balance of the 3rd month after account opening will be paid to the customer in the form of a check. Note: the business is permitted only one Community Unity account, customers are not permitted to open multiple accounts to increase their benefit.

  • Monthly service charge – may apply if avg. daily balance falls below $500
  • Tiered interest rates
  • Maximum of 6 pre-authorized withdrawals per statement cycle

 

Courier Service

University Bank offers a FREE courier service (no cash) to all business customers.