Commercial Checking


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

  • $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.

  • $100 minimum to open
  • 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 minimum balance requirement
  • 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.

    • 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.

    • $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
    • $6.27 per item excessive withdrawal fee applies (if account exceeds withdrawal limit for 3 consecutive cycles, the account will be converted to non-interest bearing)
    • $15.25 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

    Overdraft Privilege


    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 Overdraft Privilege Program. Overdraft Privilege 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 Overdraft Privilege Program. For more details, click “HERE” for the Overdraft Coverage Disclosure.


    Corporate Sweep Accounts 

    Earn a higher return on your cash assets and manage working capital more efficiently with a Home State Bank Corporate Sweep account. A Sweep Account is designed for commercial businesses maintaining high daily balances.

    Earn high daily dividends in your Sweep Account while maintaining liquidity and easy access to your cash through your Home State Bank commercial checking account.

    In addition to your monthly commercial checking account, you will receive a separate Corporate Sweep Account statement reflecting all sweep transactions made during that cycle along with the interest earned.

    The Sweep program consists of two separate accounts:

    • Main account is a non-interest bearing transaction account which gives easy access to cash and requires a threshold balance before a sweep will be made.
    • Secondary Investment account - Funds in excess of the threshold balance is transferred to a secondary investment account that accrues interest daily on a fluctuating rate that increases depending on the account’s daily ledger balance.

      A Sweep account must remain open through month end to receive an interest credit.

    For more information on how we will customize our programs to fit your needs contact Patti Lutz, our Vice President and Commercial Services Specialist at (815) 788-3458.


    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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