Business Checking Accounts
MOST POPULAR
Essentials Business Checking
Connect with a bankerGain efficient, convenient checking account management with features like mobile deposit, check imaging, online bill pay and more.
$25 minimum opening deposit
100 transactions including each cycle¹
Online account management
HIGHER TRANSACTION LIMITS
Advantage Business Checking
Connect with a bankerIf your business needs higher monthly transaction limits and deposit thresholds, this leveled-up business checking experience may the best option for you.
$25 minimum opening deposit
200 transactions including each cycle²
UPGRADED FEATURES
Premier Business Checking
Connect with a bankerTake advantage of our fully packaged business checking experience with upgraded online banking features, QuickBooks access, bundled wires, ACH and more.
$100 minimum opening deposit
300 transactions including each cycle
Business vs. Commercial Checking Accounts
The above checking accounts are available for small and medium-sized businesses with features that are suited for businesses with lighter monthly transactions to those that need upgraded banking features. If you are a larger business with higher transactions view our commercial checking options.
Checking accounts that work for your business
We know your business needs are unique, which is why we offer a variety of business checking account options.
Key Features
Online management
We provide the tools and systems you need to manage your business finances remotely.
Responsive service
Your UMB team is available to answer questions, provide insight and help you select the right financial tools.
Strategic partners
We work to ensure you have the information you need to make informed decisions.
Compare
| Features | Essential Business Checking | Advantage Business Checking | Premier Business Checking |
|---|---|---|---|
| Transactions Included Per Cycle1,2 | 100 each additional $0.40 | 200 each additional $0.40 | 300 each additional $0.40 |
| Monthly Service Fee Waiver Options3 |
$500 average collected balance $1,500 in combined qualifying business & personal deposit account balances within Essential Business Checking, Private Banking Checking, Select Checking and Value Checking accounts |
$10,000 average collected balance $15,000 in combined qualifying business deposit account balances within Advantage Business Checking accounts |
$25,000 average collected balance $40,000 in combined qualifying business deposit account balances within Premier Business Checking and Business Money Market accounts |
| Monthly Service Fee | $10 | $25 | $55 |
| QuickBooks Monthly Access | $9.95 per month | $9.95 per month | Included |
| Minimum Opening Deposit | $25 | $25 | $100 |
| In-Branch Coin and Currency Deposits1 | $5,000 | $10,000 | $15,000 |
| Premier Business Online Banking | Included | ||
| Remote Deposit - Desktop4 | Included. We provide a single feed scanner at no cost. |
||
| Wires Included Per Cycle1 | Three incoming and three outgoing domestic wires | ||
| ACH Origination5 | $15 (includes 50 transactions)1 | ||
| ARP/Positive Pay5 | $15 (includes 50 transactions)1 |
Manage your business finances online
We have the tools and systems you need to effectively and efficiently manage your business finances—from anywhere, any time.
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FAQs
Frequently asked questions
You can view all requirements for various entity types for opening a business checking account in our Account Onboarding Checklist.
You can view a breakdown and comparison of accounts and service fees in our Business Checking Solutions Guide.
There are options available to waive service fees, and balances can be combined for qualifying business deposit accounts. You can read more about these options in the Business Checking Solutions Guide.
UMB will provide your account number soon after your account is open.
After you submit your application, UMB will send you a notice with your new account number. In some cases, we may ask for additional information about you or your business before we can complete the account opening process.
In most cases, new UMB business customers will have online account access one business day after they open their accounts.
Yes, as part of the account opening process you can request a debit card as well as make requests for authorized users. Additional debit cards needed after the account opening process can be requested in-person at a branch or by phone.
UMB takes your business account privacy and security very seriously. We require several steps to protect your information and provide you with a dependable online experience. This includes a temporary password for first-time users and a Secure Access Code when utilizing a new device or browser to access your account information. We also offer various tools to help you better protect your account. To access these tools and manage your options, go to Security Preferences in your UMB online banking account.
Review, print and download our Deposit Account Agreement.
For businesses and institutions who would like to open a new UMB account or update a current account, we are required to collect certain information about the owners/controllers of the company. Use the following links to review or complete your Beneficial Ownership Certification Requirements and the Politically Exposed Persons and Sanctions Screening (Optional).
Other Products and Services
- Included per monthly service charge cycle. See the Business Schedule of Service Fees and Charges for additional fees.
-
Essential Business Checking 0-100 transactions at $0.00, 101+ at $.40 each additional transaction – excludes received ACH debits and credits, bill pay debits, debit card transactions, and ATM transactions.
Advantage Business Checking 0-200 transactions at $0.00, 201+ at $.40 each additional transaction – excludes received ACH debits and credits, bill pay debits, debit card transactions, and ATM transactions.
Premier Business Checking 0-300 transactions at $0.00, 301+ at $.40 each additional transaction – excludes received ACH debits and credits, bill pay debits, debit card transactions, and ATM transactions.
- Average collected balance to waive monthly service fee
• Monthly Service Fee Waiver Options (must satisfy one of these conditions each monthly service charge cycle):
– Essential Business Checking
· $500 average collected balance in this account
· $1,500 in combined deposit balances within Essential Business Checking, Private Banking Checking, UMB Select Checking, and UMB Value Checking accounts.
– Advantage Business Checking
· $10,000 average collected balance in this account
· $15,000 in combined deposit balances within Advantage Checking accounts
– Premier Business Checking
· $25,000 average collected balance in this account
· $40,000 in combined deposit balances within Premier Business Checking and Business Money Market accounts
• Average Collected Balance is calculated by adding together the balance of items in the account for which the bank has received credit (the “collected balance”) for each day of the monthly service charge cycle. That balance is then divided by the number of days in the monthly service charge cycle.
• Primary Tax Identification Number Match. Account balances are combined based on the primary account holder’s Tax Identification Number. The primary account holder is the account holder that signed the W-9 certification on the Business Deposit Account Signature Card for the account.
• Combined Deposit Balances. For the purpose of combining your deposit account balances to determine your eligibility for a Monthly Service Fee waiver, your Business Checking account balance is the cycle-to-date Average Ledger Balance of your Business Checking account the day your Business Checking Account Monthly Service Fee is assessed. The balance of any other deposit account(s) (checking or money market account) is the cycle-to-date Average Ledger Balance the day before your Business Checking Account Monthly Service Fee is assessed. - Mobile remote deposit and desktop remote deposit items count toward allotted transactions. Desktop remote deposit: UMB Bank recommends the account holder purchase an extended warranty in the event of any hardware failure or any other hardware issues that may arise.
- With access to Premier Business Online Banking