Expand your capabilities.

With our Commercial Interest Checking account, we have your business's best interest in mind in every way. Designed for growing businesses with high transaction volume, this account offers competitive tiered interest rates based on your balances.

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Give your business a boost.

Earn up to 1.51% APY1

Earn 1.51% APY (Annual Percentage Yield) for balances $100,000 or less.1

55,000 Free ATMs

Access your funds with our nationwide network of ATMs.

Avoid the Fees

Pay no monthly service fee with a minimum daily balance of $25,000.

An account that your business can count on.

You've earned all the benefits that come with Commercial Interest Checking.

Account Features

  • Earn up to 1.51% APY1 on balances $100,000 and under.
  • $5,000 minimum to open
  • Up to $10,000 in cash deposits per statement cycle
  • Up to 400 transactions per statement cycle
  • Instant-issue contactless business debit card

Online & Mobile Banking

  • BayFirst Mobile Banking App
  • 24/7 Online and Mobile Banking
  • Online bill pay
  • Mobile deposit and free eStatements
  • Bank-to-bank transfers
  • eAlerts

Other Benefits

  • Access to over 55,000 free ATMs
  • Notary services
  • Up to $250,000 insured by the FDIC
    • Access to additional FDIC insurance protection well into the millions
  • Customer support through the BayFirst Call Center

Why BayFirst?

At BayFirst, we want to be more than just your bank. We want to be your best business partner too. That means being Here for What's Next® for your business, whether you need a loan to grow, a savings account designed to meet your unique needs, or a checking account that checks all your boxes. Let BayFirst and your balance work for you with one of the best business checking account rates around. 

What's Next? Get started online and open in person.

  • Gather Your Information

    We'll need some basic business information about your business and your government ID. See our FAQs for more information.

  • Open Your Account

    Stop into a banking center or complete our online form to start the process now.

    Get Started
  • Fund Your Account

    Open your account in person with a minimum deposit of $5,000.

Commercial Interest Checking FAQs

You’ll need to provide your business registration, proof of business address, a certificate of good standing, a government-issued ID, and your EIN (Employer Identification Number). A $5,000 minimum deposit is required to get started.

A Certificate of Good Standing, also known as a Certificate of Existence or Certificate of Status, is an official document issued by the state government that verifies a business entity is legally registered and authorized to do business in that state having met all state requirements, such as filing annual reports, paying necessary fees, and not facing administrative dissolution. If you do not have one, you can order a Certificate of Good Standing from the Florida SunBiz. The cost is $5.
 

Yes, there is a $15 monthly maintenance fee.  To waive the monthly maintenance fee, a minimum daily balance of $25,000 is required.

While all our business checking accounts come with great features like mobile banking, eStatements, a free debit card, email alerts and more, the main difference is that this account is interest-earning.  Additionally, our Commerical Interest checking is designed for businesses with larger monthly transactions needs or businesses that require larger or more frequent cash deposits.

Qualification criteria varies by bank, but at BayFirst, all businesses including small businesses, startups, sole proprietors, partnerships, and nonprofit organizations can also qualify for a Commercial Interest Checking account.

Yes, you can order checks for your Commercial Interest Checking account. There may be a cost associated with ordering checks. Speak to a BayFirst banker for more information on ordering checks.

While BayFirst offers the ability to open many personal accounts entirely online, our opening process for business accounts does require finalizing the account opening process in-person at a banking center.  Our online account opening form for business accounts does speed up this process to open an account.
1 Commercial Interest Checking Account: The Commercial Interest Checking is a tiered, interest-bearing checking account. The account will receive 1.51% APY (Annual Percentage Yield) on balances of $100,000 or less or 1.01% APY on balances between $100,001 and $200,000 or .75% APY on balances over $200,001. Rates are variable and are subject to change at the bank’s discretion. Rates are calculated on a daily balance method. Minimum $5,000 to open. Avoid $15 monthly service charge with $25,000 minimum daily balance. Rate is effective as of 07/31/2024. Fees could reduce earnings.