If you are an Alaskan business, Mt. McKinley Bank offers a varied menu of interest-bearing and non interest-bearing checking accounts. Let us help you select the option best suited to your business needs.

All of our business checking accounts offer the following:       

• Free overdraft transfers
• Free telephone transfers
• Free loan payment transfers
• Two free money orders or cashier checks daily
• Direct deposit
• Option to have your check images returned with your monthly statement
• You choose your beginning check number
• $25 credit towards your first check order
• 24 hour a day, 7 day per week online business banking with ACH capabilities, all for a very low monthly charge.

Explore the different Business checking accounts we offer below:

Basic Business Checking

Basic Business Checking is an account designed for businesses with limited transaction volumes.  The monthly maintenance fee can be avoided by maintaining a minimum daily collected balance.  Transaction fees are charged only if credit or debit items exceed the threshold allowed. 

This account can be linked to a Money Market Investment account and can be accessed 24 hours a day, 7 days a week with either McKinley NetLink or BusinessLink.  Ease of transferring funds between your business accounts allows you to avoid most service fees.

Regular Business Checking

Our Regular Business Checking account is designed to meet the needs of businesses with moderate transaction volumes.  There is a monthly maintenance fee and per-item fees are assessed for debit and credit activity on this account.  These fees are offset by an earnings allowance determined by the daily collected account balance. 

Like the Basic Business Checking, this account can be linked to a Money Market Investment account and can be accessed 24 hours a day, 7 days a week with either McKinley NetLink or BusinessLink.  Ease of transferring funds between your business accounts allows you to avoid most service fees.

Interest Bearing Business Checking

For non-profit organizations and sole proprietors, Mt. McKinley Bank’s Interest Bearing Business Checking account provides the liquidity of a checking account as well as the opportunity to earn interest.  The monthly maintenance fee can be avoided by maintaining a minimum daily collected balances.  Transaction fees are charged only if credit or debit items exceed the threshold allowed.  Interest is compounded daily and paid monthly.

Like both the Basic Business and the Regular Business Checking accounts, this account can be linked to a Money Market Investment account and can be accessed 24 hours a day, 7 days a week with either McKinley NetLink or BusinessLink.  Ease of transferring funds between your business accounts allows you to avoid most service fees.

Analyzed Business Checking

The analyzed Business Checking account is designed to meet the needs of a business with high transaction volumes.  There is a monthly maintenance fee and per-item fees are assessed for debit and credit activity on this account.  The fees are offset by a generous earnings allowance calculated on the daily collected account balance.  This allowance is currently based on the 90-day treasury bill discount rate.  This index and rate are subject to change without notice.  A target balance will be calculated for you, and if maintained, will allow you to avoid most service fees.

As with our other Business Checking accounts, this account can be linked to a Money Market Investment account and can be accessed 24 hours a day, 7 days a week with either McKinley NetLink or BusinessLink. 

Money Market Investment Account

The Money Market Investment Account is available for all customers that maintain their primary business checking account with Mt. McKinley Bank.  This unique account can be used for cash management while maintaining liquidity and is allowed 6 pre-authorized withdrawals each month.

The Money Market Investment account earns money market interest rates based upon the balance maintained in the account.  This account can help meet your business needs by serving as an automatic donor account to any Mt. McKinley Bank Business Checking Account as protection against overdrafts.  McKinley NetLink and BusinessLink provide easy online access to account information 24 hours a day, 7 days a week.

Mt. McKinley Bank has an outstanding staff of service providers standing ready to assist you with all of your business banking needs.  Come in and let us help you achieve your business objectives today.