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  • To learn more about Clarkston State Bank's merger into Waterford Bank, N.A., visit our Merger Center.

Checking & Savings

Business Deposit Accounts

With a variety of business checking and savings accounts, we offer an array of options for managing your money, backed by the service and expertise of our business banking specialists.

Deposit Accounts Waterford Business Classic Checking Waterford Business Classic Checking with interest Waterford Business Non-Profit Checking with interest Waterford Business Analysis Checking Waterford IOLTA/IOTA
Product Description Basic small business checking account for any type of business.

Ideal for businesses with less than 225 transactions per month.
Interest bearing checking account for any type of business.

Ideal for businesses with less than 225 transactions per month.
Interest bearing checking account for sole proprietors and not-for-profit organizations with small to moderate transaction needs. Designed for businesses with moderate to high checking activity levels. Available exclusively to lawyers and title companies to hold client funds.
Minimum To Open $0.00 $0.00 $0.00 $0.00 $0.00
Minimum Balance Requirements None None None None None
Available at No Monthly Service Fee with Minimum Account balance Yes. $1,500 average daily ledger balance in checking account for the monthly statement cycle. Yes. $25,000 average daily ledger balance in checking account for the monthly statement cycle. Yes. $5,000 average daily ledger balance in checking account for the monthly statement cycle or relationship of $50,000 in checking and savings. Can be offset by earnings credit on average collected balance. Yes. No minimum balance requirement.
Monthly Maintenance Fee $10.00 $20.00 $20.00 $25.00 None
Transaction Fees First 225 transactions free per month then $.30 each. First 225 transactions free per month then $.30 each. First 225 transactions free per month then $.30 each. Refer to Treasury Management. $.25 per deposit ticket
$.12 per item deposited
$.17 per check and other debits
$.11 per ACH items
Debit Card/ATM Access Yes, fees waived up to $30 or 10 transactions (whichever occurs first) per card per month plus unlimited debit card transactions. Yes, fees waived up to $30 or 10 transactions (whichever occurs first) per card per month plus unlimited debit card transactions. N/A N/A N/A
Pay Interest No Yes. Variable interest compounded and credited monthly on the daily collected balance. Yes. Variable interest compounded and credited monthly on the daily collected balance. No Yes. Variable interest compounded and credited monthly on the daily collected balance.
Check Safekeeping Yes Yes Yes Yes Yes
Images Available upon request. Also available online. Available upon request. Also available online. Available upon request. Also available online. Available upon request. Also available online. Available upon request. Also available online.
Electronic Statements Yes Yes Yes Yes Yes
Bill Pay Yes Yes Yes Yes Yes
Online & Mobile Banking Yes Yes Yes Yes Yes

Business Savings Accounts

Business Savings Accounts Waterford Business Classic Savings ** Waterford Business Premier Money Market **
Product Description Traditional savings account for businesses that maintain minimal balances.
Limited to a total of 6 withdrawals per month.**
High yielding Money Market account with limited check writing capabilities.
Limited to a total of 6 withdrawals per month.**
Minimum To Open $0.00 $0.00
Minimum Balance Requirements None None
Available at No Monthly Service Fee with Minimum Account balance Yes. No minimum balance requirement. Yes. No minimum balance requirement.
Monthly Maintenance Fee None None
Transaction Fees None 50 free deposited items and other credits per month then $.12 each.
Pays Interest Yes. Variable interest compounded and credited quarterly on the daily collected balance. Yes. Variable interest compounded and credited monthly on the daily collected balance.
Check Access No Limited to 6 checks per month
Check Safekeeping N/A Yes
Images N/A Available upon request. Also available online.
Electronic Statements Yes Yes
Online and Mobile Banking Yes Yes
** Federal Regulation D limits the number of checks, preauthorized, automatic, telephone, electronic (including ACH), online, and other transfers and withdrawals not made in person or by ATMF DtoI 6C p er month.

View a more detailed comparison of our Checking Products and Saving Products.

• Business Classic Checking
• Business Classic Checking with Interest
• Business Non-profit Checking with Interest
• Business Analysis Checking

• Waterford IOLTA/IOTA
• Business Classic Savings
• Business Premier Money Market
• Business Preferred Money Market (tbd for inclusion)

Checking Account Benefits

Invoice Icon
Online and Mobile Bill Pay

An easy, secure and convenient way to pay your bills from your online or mobile banking platform.

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ATM Usage Reimbursement

We reimburse partner ATM usage fees up to $30.00 or 10 times per month, whichever comes first. Available for Business Classic Checking and Business Classic Checking with Interest only.

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Privacy Policy

Clarkston Customers

Clarkston Bank
Clarkston Customers

Our system merger will take place on March 9, 2020. Online Banking will be in Inquiry Mode after 5PM on March 6, 2020 through the weekend. On March 9, 2020 your new Online Banking will be available. All users (Personal and Business) except Treasury Management users should use the “Personal Banking Online Access” link to the left.

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