Pinnacle Financial Partners

Pinnacle Financial Partners operates its banking business through Pinnacle Bank, which offers business checking in the United States. The line includes Horizon, Vista Business Checking and Summit NOW.

Account types

Horizon is sold in packages of up to 75, 150, 300 or 500 transactions, with published monthly fees of $15 for Horizon 150, $20 for Horizon 300 and $50 for Horizon 500. The conditions for waiving the fee depend on the balance. Vista is aimed at accounts with higher activity and is analysed on that basis. Summit NOW is meant for sole proprietors and non-profit organisations.

Features

Accounts come with a Mastercard debit card and online banking with BillPay. Treasury management services are also listed for larger needs.

Deposit protection

The bank states that it is an FDIC member. Coverage depends on the depositor, the ownership category and eligibility, and it is not the same as the safeguarding of an e-money institution.

Who it suits

Small and mid-sized US businesses that can pick a transaction package matching their volume. Companies with high activity should compare Vista with the higher Horizon tiers and check the fee waiver conditions.