Learn about our Enterprise Money Market for Business Use
The Enterprise Money Market account for business use at Enterprise Bank is a checking account that pays a higher interest rate and also has restrictions on check writing placed by the Federal Reserve. The $10 monthly maintenance fee will be waived if a minimum daily balance of $5,000 is maintained. A minimum of $100 is required to open this account. You will receive a monthly statement for this account. Your check images will be returned within the statement.
The Enterprise Money Market account pays a higher rate of interest due to the limited number of checks that can be written per month.
The interest rate earned is based upon the balance of the account and calculated on a daily basis and are subject to change. Interest is compounded daily and credited monthly to the account. Interest begins to accrue the day of your deposit
There are five rate tiers on this account.
$0 - $24,999.99
$25,000.00 - $49,999.99
$50,000.00 - $99,999.99
$100,000.00 - $149,999.99
$150,000.00 and above
Enterprise Online Banking and Bill Payment services are also available with no annual fees and no transaction charges, but not recommended due to the Federal restrictions of withdrawal. Internet banking may incur charges from your Internet Service Provider that are not associated with Enterprise Bank.
Please click here for rates on this product.
See how your checking account interest can add up by clicking this interest rate calculator feature. Please consult a tax advisor regarding the deductibility of interest.
Important Notice: Federal regulation and the Enterprise Bank deposit agreement limits the number of withdrawals and/or transfers that may be made from this account. You are limited to no more than six transfers and withdrawals, or a combination of such transfers and withdrawals (including Online Banking and Bill Payment), per calendar month, to another account of your accounts at Enterprise Bank of Florida or to a third party by means of a preauthorized or automatic transfer, telephonic agreement, order or instruction, debit card, or similar order made payable to third parties. You are permitted unlimited transfers from one of your accounts to another one of your accounts and unlimited withdrawals made to yourself, if they are made by mail, messenger, ATM or in person.
A $10 Excessive Transaction fee applies to all withdrawals and/or transfers in excess of six during a statement cycle.