Business Banking Accounts & Solutions

At Westbound Bank, customized banking solutions and great customer service are just the way we do business. Whether you're a small- to medium-sized company or a large corporation, we have a banking account sized to fit your needs. You work hard for your business; let us help you select the business banking account that works for your bottom line.

Small Business Checking

An account for businesses with low volume activity that offers the perfect fit for most small businesses.

Account Features

  • WESTLINE 24/7 Account Access
  • Online, Mobile & Text Banking (No Charge)
  • Business Debit Card (No Charge for First Card)
Minimum Opening Deposit $100
Service Charge (Monthly) $8

Avoid service charge if you maintain a $2,000 minimum daily balance.

Activity Fee $0.20 each item

300 debits, credit and deposited items allowed at no charge per calendar month; $0.20 fee for each additional item in excess of 300.

Business Interest Checking

An interest-bearing* NOW account for qualifying sole proprietorships and non-profit organizations.

Account Features

  • Earns Interest*
  • WESTLINE 24/7 Account Access
  • Online, Mobile & Text Banking (No Charge)
  • Debit Card (No Charge for First Card)
Minimum Opening Deposit $100
Service Charge (Monthly) $8

Avoid service charge if you maintain a $2,000 minimum daily balance.

Excess Activity Fee $0.20 each item

300 debits, credit and deposited items allowed at no charge per calendar month; $0.20 fee for each additional item in excess of 300.

Minimum Daily Balance Required to Earn Interest $2,000

Commercial Checking

An analysis account for businesses with a high volume of monthly activity and complex banking needs.

Account Features

  • WESTLINE 24/7 Account Access
  • Online, Mobile & Text Banking (No Charge)
  • Business Debit Card (No Charge for First Card)
Minimum Opening Deposit $100
Service Charge (Monthly) $15

Avoid service charge if you maintain a $2,000 minimum daily balance.

Activity Fee $0.16 each transaction item

Transaction items include all debits, credits and deposited items. An earnings credit base on collected funds may offset fees for all debits, credits and deposited items as well as wire transfer fees, ACH origination fees and RDC fees.

Westbound Business IOLTA

An account eligible as an Interest on Lawyer's Trust Account (IOLTA) under the terms of the Texas Access to Justice Foundation.

Account Features

  • Earns Interest*
  • Unlimited Transactions
  • WESTLINE 24/7 Account Access
  • Online, Mobile & Text Banking (No Charge)
Minimum Opening Deposit $100
Service Charge (Monthly) NONE
Minimum Daily Balance Required to Earn Interest $2,500

Westbound Business Advantage

An interest-bearing* money market account for all types of businesses.

Account Features

  • Earns Tiered Interest*
  • WESTLINE 24/7 Account Access
  • Online, Mobile & Text Banking (No Charge)
  • Business Debit Card* (Primary Account Required; No Charge for First Card)
Tiered Interest Rates
$3,000 - $9,999.99
$10,000 - $24,999.99
$25,000 - $49,999.99
$50,000 - $94,999.99
$95,000 and over
Minimum Opening Deposit $500
Service Charge (Monthly) $12

Avoid service charge if you maintain a $3,000 minimum daily balance.

Excess Withdrawal Fee $20 each

Six withdrawals or transfers allowed at no charge per monthly statement cycle; $20 fee for each additional debit in excess of six. See Money Market Account Limitations.**

Minimum Daily Balance Required to Earn Interest $3,000

Westbound Business Certificate of Deposit (CD)

Earn higher interest rates on terms ranging from 30 days to 5 years.

Account Features

  • Online Banking to View Your CD Account
  • Flexible interest payment options include:
    • Check by Mail
    • Automatic Deposit
    • CD Principal Balance Credit

Interest rates vary according to term
Early withdrawal subject to penalty

Westbound Letter of Credit

Leverage your good credit to gain access to the funding needed to further your goals.

With a commercial Letter of Credit from Westbound Bank, you're able to provide your vendors with solid confirmation of your credit-worthiness and expedite payment of goods and services on behalf of your business. We also offer standby Letters of Credit to strengthen your credit-worthiness by verifying your ability to pay for the goods and services you need.

Additional Services for Business Accounts

Additional offerings to increase the productivity of your Westbound Business Banking account.

  • Business Debit Card
  • WESTLINE 24/7 Account Access
  • Cash Management, Wire & ACH
  • Xpress Deposit
  • eStatement
  • Order Foreign Currency
  • Learn More ›
  • Bill Pay
  • NELDA® New Easy Live Deposit ATM
  • Merchant Services
  • Business Lending
  • Mobile Banking & App
 

Business Loans

Gain access to the working capital you need to reach that next level of success.
Learn More ›

*Method of Computation and Payment of Interest
We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. On interest-bearing checking accounts, interest will be compounded and credited monthly. Interest begins to accrue no later than the business day you deposit non-cash items (for example, checks). Accrued interest will be paid if the account is closed before the interest is credited.

**Money Market Account Limitations
You may make six transfers or withdrawals from your account each monthly statement cycle period to another one of your accounts or to a third party by means of preauthorized or automatic transfer, telephonic (including data transmission) agreement, order or instruction, or by check, draft, debit card or similar order made by you and payable to third parties. In accordance with federal law, excessive withdrawals on a recurring basis may result in your account being subject to closure and the funds placed in another account that you are eligible to maintain, or transfer and draft capabilities of the account may be revoked. You may make unlimited withdrawals that are payments directly to you or transfers of funds from your account to any of your other deposit or loan accounts, either in person at our locations or by mail, messenger, telephone (only if check is mailed to you) or ATM withdrawal.

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