Wintrust

Wintrust offers Entrepreneur Checking, Business Community Checking and Have-It-All Business Checking. The accounts are managed through i-BusinessBanking and mobile cheque deposit, and the larger packages support several users.

Accounts and fees

The listed services are business checking, multiuser banking and mobile deposits. The published fees are 0 dollars for Entrepreneur, and 30 dollars a month for Have-It-All, waived at an average collected balance of 20,000 dollars. The opening deposit is listed as 0 USD.

Group structure

Wintrust is a banking group and should not be described as a single licensed bank. Business banking is offered through its community bank subsidiaries, and the contracting and deposit-taking bank must be identified for the selected location and product. A business should therefore ask which subsidiary opens the account and what deposit protection applies to it.

Who it suits

The client type is businesses. The entry account suits a young company with simple needs, while the larger package suits a company with several people who need access to the account, since the multiuser banking feature lets different employees work in the same online service.

What to confirm

Transaction allowances, wire and ACH charges and the terms of the Business Community account are not given in the published description. They should be requested from the subsidiary bank that would open the account.