Business Checking Accounts | HomeStreet Bank

Standard Business Banking and Community Banking Programs include:

Basics

Essentials

Analyzed

Advantage

Partner

Partner Plus

Partner Analyzed

Business Basics

An ideal account if you maintain a modest balance and write a limited number of checks monthly.

$10 monthly service charge if the balance falls below $300 any day during the monthly statement cycle
After 50 free checks, a per check charge of $0.50 each statement cycle
Minimum opening balance requirement of $100

Business Essentials

For businesses with higher transaction volumes.

The first 100 checks and deposited items are free each month
$8 monthly service charge if the balance falls below $1,000 any day during the monthly statement cycle
Per check charge of $0.10 over 100 each statement cycle
Per deposited item charge of $0.10 per check deposited over 100 each statement cycle
Minimum opening balance requirement of $100

Investment Representatives | HomeStreet Bank

Business Analyzed³

Designed for businesses with higher volumes and cash management needs. Our earnings credit allowance can help offset monthly service charges.

Monthly service charge of $8 ($10 in Northern California)
Per check paid charge of $0.12 ($0.15 in Northern California)
Per deposit charge of $0.15 ($1 in Northern California)
Per deposited item charge of $0.06 ($0.12 in Northern California)
Minimum opening balance requirement of $100

Business Advantage⁴

An ideal account if you maintain a modest balance and write a limited number of checks per month.

$1,000 minimum balance required to earn interest
$8 monthly service charge if the balance falls below $1000 any day during the monthly statement cycle
The first 100 checks and deposited items are free each month
Per check charge of $0.12 over 100 each statement cycle
Per deposited item charge of $0.10 over 100 each statement cycle
Minimum opening balance requirement of $100

Community Partnership^4,5

For non-profit organizations. Earn interest based on a minimum balance requirement.

No minimum balance required to earn interest
No monthly service charge
The first 100 checks and deposited items are free each month
Per check charge of $0.12 over 100 each statement cycle
Per deposited item charge of $0.10 per check deposited over 100 each statement cycle
Minimum opening balance requirement of $100

Community Reinvestment Act | HomeStreet Bank

Non-Profit Partnership Plus^4,5

For non-profit organizations with higher transaction volumes.

No minimum balance required to earn interest
No monthly service charge
Minimum opening balance requirement of $500

Analyzed Community Partnership^3,5

A non-interest-bearing analyzed account for non-profit organizations with higher balances and the need for more monthly transactions. Use your earnings credit to offset account fees.

No monthly service charge
Per check paid charge of $0.12
Per deposit charge of $0.15
$0.06 per check deposited
Minimum opening balance requirement of $100

1. Interest on IOLTA is paid to the State Bar Association.

2. Interest on IRETA is paid to the Washington Department of Licensing to benefit homebuyer education classes. IRETA is only available in Washington.

3. Charges for Business Analyzed and Analyzed Community Partnership may be offset by an earnings credit allowance. The earnings credit allowance is calculated by applying the Earnings Credit Rate to the net investable balance each month (average ledger balance less a 10% reserve requirement). The earnings credit rate is an independently administered rate determined by the Bank and is subject to change.

4. Your account balance must equal or exceed the stated minimum balance each day to obtain the annual percentage yield (APY) listed on the Bank rate sheet. Interest begins to accrue on the business day your deposit is made if your deposit consists of cash, ACH, or checks drawn on HomeStreet Bank. If your deposit consists of checks drawn on other banks, interest begins to accrue the following business day. Interest will be paid up to the date of withdrawal. Interest will be compounded monthly and credited to your account on the last day of the statement cycle. For a savings account on a quarterly statement cycle, interest compounds monthly and pays interest to the account at the end of the month. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the collected balance in the account each day. At our discretion, we may change the interest rate, APY, or interest rate tiers on the account at any time.

5. Exclusively for Non-Profit organizations.

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Business Checking Account