Business Checking Options

Security Federal believes you should spend more time running your business and less time managing your finances. Our business products and services allow you to do just that. We offer safe and secure products with the latest technology to help you operate your business more efficiently. Time is money and our products will save you both!

Every business checking account includes:

  • FREE Instant Issue Debit Card
  • FREE eBanking with online check images
  • FREE Bill Pay
  • FREE Mobile Banking with Remote Deposit Anywhere
  • FREE eStatements
  • FREE Thank You Gift
  • FREE Night deposits
  • Buy back of your unused checks and debit cards from another financial institution

Each new checking account comes with a thank you gift!

 Security Federal Savings Bank referral gift

 *Gift may differ from what's shown above.

Our Business Accounts

Absolutely Free Business Checking

Perfect for most businesses.

  • 1,000 FREE monthly transaction items
  • No minimum balance
  • No monthly service charge



Business Interest Checking

Designed for sole proprietorships and not-for-profits.

  • 1,000 FREE monthly transaction items
  • Competitive interest
  • Only $1,500 minimum balance to avoid a low monthly fee of $6



Commercial Checking

For businesses with more complex banking needs.

  • Earnings credit allowance on deposit balances may offset activity fees
  • Only $15 monthly service charge
  • Transaction items are just 15 cents each
  • Coin and currency deposits just 50 cents per $1,000



Health Savings (HSA)

Flexible, tax-free and there to use when your employees need it. If your company has a High Deductible Health Plan, your employees may be eligible for an HSA.

  • Only $1.00 minimum to open
  • No minimum balance requirement
  • No monthly service fee
  • Free checks
  • Unlimited check writing
  • FREE debit card



Save Time and Money with These Great Products and Services

  • Free Instant Issue Debit Card (access your funds free at more than 55,000 ATMs nationwide through the Allpoint network)
  • Free eBanking
  • Free eStatements
  • Remote Deposit Capture - Deposit checks in the comfort of your office. Save time and money by making fewer trips to the bank. See a FREE demonstration. Service fees apply.
  • Savings Account
  • Cash Management - Eliminate the expense of paper checks and stop payment fees by creating your own automated clearing house (ACHs) for employee
    payroll or to pay vendors. Set-up a FREE demonstration. Service fees apply.
  • Personal Checking Account.
  • Merchant Card Services - Offer Visa, Mastercard, Discover and American Express to your customers. Get a FREE proposal. Service fees apply.
  • Free Trust Consultation (by appointment)
  • Free Investment Services Consultation (by appointment)

To assist in opening your account, we may request the following:

Sole Proprietor
• TIN of owner
• Assumed name certificate, if applicable

Limited Liability Company (LLC)
• TIN of LLC
• Articles of organization
• Operating agreement

• TIN of partnership
• Partnership agreement

Not-for-Profit Organization
• TIN of organization
• If incorporated, follow corporate guidelines
• If tax exempt, IRS documentation or tax return
• Business charter or minutes (if applicable)

• TIN of corporation
• Articles of incorporation filed with Secretary of State
• Corporate resolution
• Certificate of existence from Secretary of State


Click the images below to view our personal banking brochure or business banking brochure. 

Image of Security Federal Savings Bank's personal banking brochure with a woman giving her son a piggy back ride Front Page of Business Banking brochure

Other fees such as non-sufficient funds, overdraft, sustained overdraft fees, etc. may apply. See fee schedule for details. Minimum opening deposit is only $50. Ask us for details. Bank rules and regulations apply. Transaction items include all debits and credits. If the Absolutely Free Business or Business Interest account exceeds 1,000 free monthly transactions, the account may be converted to another checking product. Free gift may be reported on a 1099-INT or 1099-MISC. Free gift provided at the time of account opening. Up to $10 for checks and debit cards from another financial institution given at the time the checks/debit cards are presented.