Business Banking

Business Checking & Savings

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Boundary Waters Bank offers checking and savings accounts for businesses of all types and sizes. We will work closely with you to navigate and chart the best course to help you reach your financial goals.

Business Checking Accounts


All BWB business checking accounts include:

  • Bill Pay
  • eStatements
  • Online & Mobile Banking
  • Remote Check Deposit (some fees may apply)

No Boundaries Basic Checking

  • All the basics for starting a new business
  • For businesses with low monthly transactions
  • No minimum opening deposit
  • No balance requirements
  • Fees may apply

No Boundaries Premier Checking:

  • Advanced features for growing your business
  • For businesses with moderate monthly transactions
  • Minimum opening deposit = $2,500
  • Minimum balance requirement = $2,500
  • Fees may apply

NOW Business (Negotiable Order of Withdrawal)

  • For small businesses
  • Tiered Interest bearing account
  • No minimum opening deposit
  • Minimum balance requirement = $1,000
  • Fees may apply

No Boundaries Elite Checking (Silver, Gold & Platinum Account Levels)

  • More perks for higher balances (perks vary by account level and balances met)
    • Free Checks 
    • Free Remote Deposit
    • Free Deposit Wires
    • No ACH Fees
  • Minimum balance requirement (varies by account level)
  • Some restrictions may apply – please inquire 
 
 

Business Savings Accounts


Superior Savings

  • Basic savings account
  • Minimum opening deposit = $100
  • Fees may apply

IRA Savings

  • Retirement savings account (Traditional & ROTH plans available)
  • Minimum opening deposit = $1,000
  • Fees may apply

IRA CDs

  • CD based retirement savings account
  • Terms ranging from 3 months to 5 years with competitive interest rates that will maximize your returns
  • Minimum opening deposit = $1,000
  • Fees may apply

CDs

  • Offers higher yields for longer term savings goals
  • Terms ranging from 3 months to 5 years with competitive interest rates that will maximize your returns
  • Minimum opening deposit = $1,000
  • Fees may apply

Outfitter Companion Product (NEW)

 

  • Enjoy the higher yield/safety of a CD paired with the liquidity of a savings account
  • Two accounts – one amazing competitive rate 
  • 15 month CD/ Savings Account
  • Minimum opening balance = CD ($10,000)/ Savings ($1,000) 
  • Fees may apply
  • Learn More
  • Read Disclosures

Consumers can connect by email &/or phone

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