Commercial Accounts
Commercial Deposit Products
Michigan Heritage Bank offers a wide variety of deposit products for individuals and businesses. Our terms and fee structures are very competitive and offer your company the flexibility formerly available only to larger corporations.
Sweep Accounts
Discover the extra profit your business will realize with our commercial “sweep” account. Here’s how it works: Your account “sweeps” or transfers money form your checking account to a higher interest bearing money market account. Every week, it “sweeps” or transfers money from the money market account to your checking account to pay your checks. Your business profits by maximizing your rate of interest return.
Courier Service
Discover the convenience of Michigan Heritage Bank’s Rapid Courier, which offers prearranged pick up times for all your business banking transactions. A minimum balance is required and is determined by the number of courier pickups your business requires. Monthly costs may vary depending on offsetting balances and usage.
Commercial Checking
An ideal corporate checking account that makes it easy to maintain and monitor your corporate financial transactions while achieving your business goals. It offers low monthly service charges and transaction fees.
• No minimum balance
• Low $15.00 monthly statement fee
• Unlimited check writing
• Non-interest bearing
• $.25/debit, $.75/credit
Michigan Heritage Bank now offers
TOTALLY FREE COMMERCIAL CHECKING
To qualifying customers - Contact your local Branch Manager or Commercial Loan Officer for details!
Commercial Money Market
• Excellent interest rate, compounded monthly
• $2,500 minimum balance to avoid low balance fee of $7.50 and earn higher interest. If minimum balance is not maintained, the interest rate will be reduced.
• Three checks per month (6 total third party POS, ACH withdrawals). Additional checks and withdrawals $5.00 each.
• Totally liquid account
Michigan Heritage Bank now offers Positive Pay and check imaging for commercial customers -
contact us for details!