EverBank

EverBank, N.A. offers EverBank Business Checking, an account designed for companies with moderate transaction activity. The bank is a member of the FDIC, and deposits are covered within the statutory limits and ownership categories.

Account Business Checking has a monthly fee of USD 0. The first 200 transactions are free, and each further item costs USD 0.25. The account includes mobile cheque deposit and online Bill Pay, and treasury services are available as an add-on for more complex needs.

Deposit insurance EverBank states that it is an FDIC member. As the coverage works under US rules, eligibility and the aggregation of balances by ownership category apply, so the protection of a particular balance depends on the structure of the accounts held at the bank.

Who it suits Small and mid-sized US businesses with a limited number of monthly transactions that want a no-fee account with mobile deposit and bill payment. Companies with heavier volumes can look at the treasury services. Requirements for opening the account and any restrictions on foreign-owned companies are not covered in the source material and should be requested from the bank.