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Business Checking Accounts

Bank of the James has provided businesses throughout Region 2000 with helpful, cost-effective financial solutions. We take pride in building close partnerships, delivering outstanding service and contributing to the success of each customer. Whether a sole proprietor, non-profit or large corporation, we have the products, services and expertise to help you manage your finances more efficiently. The minimum to open any business account is $100.

We understand you would rather spend more time running your business than managing your finances, so we offer a wide range of electronic banking services with all of our business accounts that will help maximize your business' efficiency and cash flow.

The following products and services are available with each of our business checking accounts:

  • Free Online Banking with Bill Pay
  • ATM & VISA Debit/Check Card
  • Your choice of Paper or e-statements
  • Telephone Banking
  • Overdraft Protection Available

The following comparison chart outlines our business checking account features. Note that normal account rules and regulations apply and the following is not intended to offer a complete description of the accounts. For more information, view our Business Accounts and Services Flyer.

Business Checking Comparison Chart

 

Business Economy Checking

Small Business Checking

Business Interest Checking

Business Checking Analysis

Best For:

For small businesses or non-profit organizations with limited activity

For small businesses with moderate activity

Interest-bearing account for businesses with moderate activity

For larger businesses with more complex banking needs, we offer an "analyzed" account to offset fees with earnings credits based on account balances

Monthly Fees

Maintain an average daily balance of $100 per statement cycle to avoid a service fee

No monthly service fee by maintaining an average daily collected balance of $500, or combined average daily balances of $25,000 in all deposit and loan balances linked by the same ownership

No monthly service fee by maintaining an average daily collected balance of $500, or combined average daily balances of $25,000 in all deposit and loan balances linked by the same ownership

Monthly service fee can be offset by earnings credit; no average daily balance requirement

Checks

There is no per item fee up to and including 15 check items ( A fee will be charged on items that exceed the limit)

Unlimited check writing

Unlimited check writing

 
Other  

Deposit up to 150 non-Bank of the James items per month (A fee will be charged on any item over that limit)

Deposit up to 150 non-Bank of the James items per month (A fee will be charged on any item over that limit)

 

Other accounts available:

Line of Credit (LOC) Sweep Accounts

  • Automatic Transfers between checking account and LOC
  • Daily transfers
  • Maximize return on cash on hand
  • Automatic account management

IOLTA Accounts – Interest on Lawyer's Trust Account

This interest-bearing account enables attorneys to hold escrow funds for their clients. The interest earned after deducting the monthly fee is remitted to Legal Services Corporation of Virginia.

Accounts are subject to credit approval and verification.

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