Business Checking

Banking Built for the Way You Do Business

Your business deserves a checking account that works as hard as you do. At Home State Bank, our Business and Commercial Checking solutions are designed to give you flexibility, control, and peace of mind—whether you’re a small business just getting started or a growing organization with complex needs.

Choose from a range of checking options, including Small Business Checking, Commercial Checking, and interest‑earning Commercial Checking Plus, all backed by local decision‑making and personalized service. Enjoy convenient access to your funds, straightforward account structures, and knowledgeable Personal Banking Counselors who understand your business and your community.

From managing daily transactions to earning more on your balances, Home State Bank is here to help your business move forward—confidently and securely.

Let’s find the right account for you. Connect with a Personal Banking Counselor today at (815) 459-2000.

Commercial Checking

A Commercial Checking Account is designed for corporations, partnerships, sole proprietorships, Limited Liability Companies, organizations, and professionals.

Small Business Checking

A Small Business Checking Account is designed for commercial customers who have a low volume of account transactions and are after an economical and easy-to-understand checking account.

Commercial Checking Plus

This special Commercial NOW (Negotiable Orders of Withdrawal) Account is essentially a regular checking account that pays interest.

Premium Commercial Checking Plus

Premium Commercial Checking Plus offers the same full-service checking features as our Commercial Checking Plus account, with enhanced earnings for higher balances.

Commercial Money Market Account

Our Commercial Money Market Account allows you to earn more on your funds while still providing you with convenient check writing access to your money.

Commercial Preferred Money Market Account

The Preferred Money Market Account from Home State Bank is designed for businesses that want to earn competitive returns without sacrificing liquidity.

For more information, contact a Personal Banking Counselor nearest you.

*Electronic transactions and posting of interest are not considered transactions

Important Information About Opening A Legal Entity Account

Effective May 11, 2018, new rules under the Bank Secrecy Act will aid the government in the fight against crimes to evade financial measures designed to combat terrorism and other national security threats.

EACH time an account is opened for a covered Legal Entity*, we are required to ask you for identifying information (name, address, date of birth, social security number, as well as identification documents) for:

Each individual who has beneficial ownership (25% or more), and
One individual who has significant managerial control of the Legal Entity.

If you are opening an account on behalf of a Legal Entity, you will be required to provide the appropriate documentation and to certify that this information is true and accurate to the best of your knowledge.

*Examples of legal entities are, but not limited to: Corporations, LLCs, Partnerships and Business Trusts.

Occasional Overdraft Privilege Service (OOPS)

With our busy lives, it’s easy to make mistakes such as forgetting to deposit a check, make a transfer, or deduct your last debit charge from your balance. A simple error or balance miscalculation can lead to an unexpected shortage of funds.

Home State Bank may have the solution you’re looking for with our Occasional Overdraft Privilege Service. Occasional Overdraft Privilege Service is not a line of credit and is not a right or obligation guaranteed to you. This is a discretionary program that can be changed or withdrawn at any time without notice. Our standard overdraft practice is to strive to pay your overdrafts when your account meets certain discretionary criteria. If you inadvertently overdraw your account, we will have the discretion to pay the overdraft, subject to the Occasional Overdraft Privilege Service. For more details, click “HERE” for the Overdraft Coverage Disclosure.

Lawyers Trust Fund Account (LTFA)

A Lawyer’s Trust Fund Account is an interest-bearing NOW Account designed for nominal or short- term client deposits held by lawyers in trust accounts.
The net proceeds (interest less service charges) are remitted quarterly to the Lawyer Trust Fund of Illinois.
There will never be a deduction for a service charge, nor will there be an interest credit to the account because LTFAs are aggregated prior to remittance.
Balances will always reflect actual transactions.

For more information on how we will customize our programs to fit your needs, contact a Personal Banking Counselor nearest you.

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