Monarch Business Checking
Territorial Offers a Choice of Three Checking Plans to Assist You in Managing Your Finances.
Choose the Plan that best fits your account activity.
Plan A – Designed for the business that has low transaction volume and modest balances. These account holders may be sole proprietors or non-profit organizations who have basic needs.
Plan B – Most appropriate for those businesses that maintain higher daily balances and generate greater numbers of transactions.
Plan C – Businesses are usually profit-driven enterprises that carry large balances. Users typically request special cash handling assistance, or require money processing support such as currency orders, coin wrapping, or night depository services.
Territorial’s minimum required balances and checking account fees compare favorably with those offered by our competitors. We provide simple, affordable plans that accommodate the needs of most businesses.
Note: On a smartphone, scroll to see entire table →
|Plan A||Plan B||Plan C|
|Minimum Balance to Open||$100||$100||$100|
|Minimum Daily Balance||$500||$2,500||None|
|Monthly Service Charge||$5 if balance falls below Minimum Daily Balance||$6.50 if balance falls below Minimum Daily Balance||$5*|
|Transaction Privileges||Unlimited transactions||Unlimited transactions||Unlimited transactions|
|Cost per transaction||10 deposits & 15 withdrawals free, 50¢ after first 25||Not applicable||10¢/check
|First Check Order||Free (Selected Styles)||Free (Selected Styles) OR Discounted Business Products||Discounted Business Products|
|Monarch Business VISA Check Card||Up to 5 free cards per account||Up to 5 free cards per account||Up to 5 free cards per account|
Related Services to Help You Manage Your Checking Accounts
- Monarch Business Online – Check your Territorial account transactions and balances, transfer funds between accounts, pay bills, send wires, make stop payments, view cleared checks from any location with internet access!
- Monarch Business VISA Check Card – The VISA Check Card that earns reward points that can be redeemed for gifts, travel benefits and more.
Visit any one of our friendly staffed branches for personal service.
*Monthly services charges may be offset by an earnings credit allowance. Please refer to the Monarch Business Services Fee Schedule for details.