First Horizon Bank

First Horizon Bank offers BizEssentials Checking, an account aimed at small businesses.

What the account includes According to the bank, BizEssentials Checking carries no monthly fee. The package covers 250 transactions and acceptance of up to $5,000 in cash without the corresponding charges. It comes with a Visa Business Debit card, digital banking, mobile deposits and Bill Pay.

Payments Businesses can initiate ACH payments to employees and suppliers, which makes the account usable for payroll and routine vendor settlement. ACH is the only payment channel in the listed data; limits, cut-off times and charges beyond the stated allowances should be checked with the bank.

Deposit protection The bank states that it is an FDIC member. Coverage depends on the depositor, the ownership category and eligibility, and it is separate from the safeguarding rules that apply to electronic money institutions.

Who it suits The account suits small companies that handle moderate volumes of card, cash and ACH activity inside the US banking system and prefer a single entry-level product over a tiered range.