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Business Banking

Westbound Business Checking

Successful business banking is all about choosing the right solution for the specific situation. One size simply does not fit all businesses. At Westbound Bank, we understand that the size of your business relates directly to your banking needs.

We offer optimal business checking solutions for the small, medium-sized and large corporate business customer. While each Westbound business checking account provides its own particular benefits, all of our checking options are designed to produce the best returns for your business and your bottom line.

Small Business Checking

Perfect for most businesses!

Account Features

  • WESTLINE access 
  • Online Banking (no charge)
  • Mobile Banking (no charge) 
  • Text Banking (no charge) 
  • Business Debit Card (no charge for first card)

Minimum opening deposit $100.00
Service Charge (monthly) $8.00

Activity Fees: $0.20 each item (300 debits, credits,and deposited items allowed at no charge per calendar month; $0.20 fee for each additional item in excess of 300).


 

 

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Business Interest Checking

Perfect for qualifying sole proprietorships & not-for-profit organizations.

Account Features:

  • Earns Interest**
  • WESTLINE access
  • Online Banking (no charge) 
  • Mobile Banking (no charge) 
  • Text Banking (no charge)
  • Business Debit Card (no charge for first card)

Minimum opening deposit $100.00
Minimum daily balance required to earn interest: $2,000.00
Service Charge (monthly) $8.00 (Waive sevice charge if you maintain a $2,000.00 minimum daily balance.
Activity Fees: $0.20 each item (300 debits, credits,and deposited items allowed at no charge per calendar month; $0.20 fee for each additional item in excess of 300.)
 
 

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Commercial Checking

For businesses with more complex banking needs.

Account Features:

  • WESTLINE access
  • Online Banking (no charge) 
  • Mobile Banking (no charge)
  • Text Banking (no charge)
  • Business Debit Card (no charge for first card)

Minimum opening deposit  $100.00
Service Charge (monthly)  $15.00
Activity Fees: $0.16 each item (Transaction items include all debits, credits and deposited items.)

 

**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.


 

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Westbound  Business IOLTA

Westbound Business IOLTA is an interest-bearing business 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 access
  • Online Banking (no charge)
  • Mobile Banking (no charge)
  • Text Banking (no charge) 

Minimum opening deposit $100.00
Service Charge (monthly) $0.00
Debit Card  (Not Available)
Bill Pay  (Not Available)
Minimum daily balance required to earn interest: $2,500.00

 *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.

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