Hancock Whitney Bank

Hancock Whitney Bank offers three business accounts with different transaction allowances: Essential Checking, Preferred Checking and Interest Checking.

Accounts and fees Essential Checking includes 100 transactions and costs $0. Preferred includes 750 transactions at $18 or $0, and Interest Checking includes 500 at $25 or $0, depending on the conditions that apply. The service list adds ACH payroll, which allows companies to pay employees through ACH Employee Direct Deposit, and cash deposits.

Deposit insurance The bank states that it is a member of the FDIC. Coverage is USD 250,000 per depositor subject to ownership-category rules. Deposits of a sole proprietor are aggregated with the proprietor's personal accounts at the same bank, which is worth remembering when judging how much is actually insured.

Payments ACH is the only payment channel in the data. International, wire and real-time options should be confirmed with the bank.

Who it suits The range suits US businesses that pick an account by monthly volume: a low-volume firm could stay on Essential, while a firm that runs payroll and many deposits would compare Preferred with Interest Checking, which earns interest.