Commercial Checking


A Commercial Checking Account is designed for corporations, partnerships, a sole proprietorship, Limited Liability Companies, organizations and professionals. Please be sure to read the "IMPORTANT INFORMATION ABOUT OPENING A LEGAL ENTITY ACCOUNT" below.

  • $100 minimum to open
  • $6 monthly maintenance fee
  • $0.15 per check/debit
  • $0.12 per check deposited
  • $15.25 monthly dormancy fee (after no transactions* within 1 year)
  • No minimum balance requirement
  • Fees offset by monthly earnings credit (current rates, subject to change without notice)
  • Business Debit Card

For more information contact a Personal Banking Counselor nearest you.
Banking Center Locations

*Electronic transactions and posting of interest are not considered transactions


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. Please be sure to read the "IMPORTANT INFORMATION ABOUT OPENING A LEGAL ENTITY ACCOUNT" below.

    • $100 minimum to open with no minimum balance requirement
    • 200 transactions at no charge per statement cycle: 125 debits (checks written or electronic debit) 75 checks deposited (from other financial institutions)
    • Transactions exceeding the transaction limits above will be charged $0.33 per excess item
    • Unlimited credits (electronic credits, deposits, HSB checks deposited)
    • Electronic statement requirement ($5.27 paper statement fee per month)
    • Online Banking with Bill Pay
    • Business Debit Card
    • Unlimited signature based Business Debit Card purchases
    • $10.34 Non-Activity Fee (no transactions within 90 days)
    • No monthly maintenance fee


For more information contact a Personal Banking Counselor nearest to you.
Banking Center Locations

Commercial Checking Plus/Premium Commercial Checking Plus


This special Commercial NOW (Negotiable Orders of Withdrawal) Account is essentially a regular checking account that pays interest. A Premium Commercial Checking Plus (NOW) Account has all the features and benefits of our Commercial Checking Plus Account and pays higher rates of interest on balances of $25,000 or more. Please be sure to read the "IMPORTANT INFORMATION ABOUT OPENING A LEGAL ENTITY ACCOUNT"below.

    • Available only to Sole Proprietors or Not-For-Profit corporations/organizations
    • $1,000 to open and maintain the monthly minimum balance requirement for Commercial Checking Plus
    • $25,000 to open and maintain the monthly minimum balance requirement for Premium Commercial Checking Plus
    • $10 monthly fee assessed if account falls below minimum balance during the statement cycle
    • $0.15 per check/debit (first 15 checks/debits per month at no charge)
    • $0.12 per check deposited
    • $15.25 monthly dormancy fee (after no transactions* within 1 year)
    • Current interest rates apply and are subject to change without notice
    • Business Debit Card

For more information contact a Personal Banking Counselor nearest to you.
Banking Center Locations

*Electronic transactions and posting of interest are not considered transactions


Commercial Money Market Account & Preferred Money Market


Our Commercial Money Market Account allows you to earn more on your money while still providing you with convenient check writing access to your money. Please be sure to read the "IMPORTANT INFORMATION ABOUT OPENING A LEGAL ENTITY ACCOUNT"below.

      • $1,500 to open and maintain the monthly minimum balance requirement for a Commercial Money Market
      • $10 monthly fee assessed for Commercial Money Market Accounts if account falls below the minimum balance requirement during the statement cycle
      • $25,000 to open and maintain the monthly minimum balance requirement for a Commercial Preferred Money Market (pays a higher rate of interest than a Commercial Money Market)
      • $15 monthly fee assessed for Commercial Preferred Money Market Accounts if account falls below the minimum balance requirement during the statement cycle
      • 6 withdrawals per month
      • $2.50 per item excessive withdrawal fee applies (if account exceeds withdrawal limit for 3 consecutive cycles, the account will be converted to non-interest bearing)
      • $5.00 monthly dormancy fee (after no transactions* within 1 year)
      • Interest is paid on a tiered scale according to balance and will automatically adjust
      • Current interest rates apply and are subject to change without notice


For more information contact a Personal Banking Counselor nearest you.
Banking Center Locations

*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 that has beneficial ownership (25% or more); and, 
    • One individual that 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. Banking Center Locations.

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