Business Deposits

NSBT offers multiple options for commercial deposit accounts. View details on each account below and contact us about which banking solution will benefit your organization.

Small Business Checking

A simple business checking account for your daily operations, payroll, and more.

Minimum balance required: $0

Maintenance fee: $0

150 free monthly transactions*

*There is a $.50 charge per item in excess of 150. Transactions include: checks written, deposit tickets and all items deposited, ATM/POS transactions, ACH debits and credits, direct deposits, auto charges.

Business Checking

North Side Bank and Trust Company specializes in servicing local, privately owned businesses. Providing a variety of commercial products and services designed to enhance your organization’s cash management by minimizing clerical costs and maximizing resources.

The Business Checking account allows cost effective management of checking transactions. Your average available monthly balance will earn credit to offset your monthly service charges. The higher your available balance, the lower your fees. Our earnings credit rate is extremely competitive.

Business Money Growth Account (MGA)

The Money Growth Account is a tiered interest rate account ideal for higher balances.

Minimum to open: $100

Minimum balance required: $2,500

Maintenance fee: $10/monthly, waived if minimum balance is met

Limit of 6 debits per month.

Business Savings Account

Minimum to open: $100

Minimum balance required: $150

Maintenace fee: $8/quarterly, waived if minimum balance is met.

Limit of 6 debits per month.

Business Time Deposits (Certificates of Deposit)

We offer a variety of terms with competitive rates.

Minimum to open: $500 for terms one year or longer, $1,000 for terms less than one year

Maintence fee: variable penalties for early withdrawals

Concerned about FDIC coverage?

Consolidate your business accounts through one bank relationship with NSBT and still receive FDIC coverage past the $250,000 limit in CDARS (Certificate of Deposit Account Registry Service) and ICS (Insured Cash Sweeps) accounts. NSBT is part of the Promontory Interfinancial Network, which enables you to work with one bank, maintain FDIC coverage and earn interest on your deposits. These products allow for multi-million dollar FDIC coverage.

Contact a bank representative to learn more!

North Side Bank & Trust Company’s routing number is 042000550.

*Remember high APY on your funds plus the security of FDIC backing your investment.

**Important information concerning your account and the Unlawful Internet Gambling Enforcement Act

The Unlawful Internet Gambling Enforcement Act prohibits any person engaged in the business of betting or wagering (as defined in the Act) from knowingly accepting payments in connection with the participation of another person in unlawful internet gambling. Such transactions are termed “restricted transactions.” The Act generally defines “unlawful internet gambling” as placing, receiving, or otherwise knowingly transmitting a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received, or otherwise made. Therefore, please be advised that your business/organization is prohibited from engaging in any restricted transaction(s) using any account(s) that you maintain with the North Side Bank & Trust Company.

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