PFSB Video Banking

Compare Business Checking Accounts

Piedmont Federal offers four full-service checking options tailored for your business: PFBusinessEssentials, PFBusinessConnect, PFBusinessChoice, and PFCommunity.

It’s easy to reorder
your checks online.

PFBusinessConnect, PFBusinessChoice, and PFCommunity earn interest. All of our checking accounts offer unlimited free withdrawals at any ATM worldwide, Business Online Banking, Business Mobile Banking, Business Mobile Deposit, Business Online Bill Pay, Business Overdraft Protection,1 Business eStatements, Business Debit Cards, Business Credit Cards and Business CardValet®.

IOLTA Checking is available for attorney trust accounts. Features include no monthly account maintenance fees, no item or transaction fees and direct payment of interest to the North Carolina Bar Association. Minimum opening deposit is $100.

  PFBusinessEssentials PFBusinessConnect PFBusinessChoice PFCommunity

Best if your business utilizes

The basics with limited activity

Moderate activity and online/mobile banking channels

Higher balances and activity levels

IRS non-profit organization designation

Minimum opening balance

$100

$100

$100

$100

Monthly fee

No monthly maintenance fee

No monthly maintenance fee when you meet one of the following requirements each statement cycle:

Maintain $1,000 average daily balance

OR

Combined business deposit relationship balance of $2,500+

Otherwise, $10 monthly maintenance fee

No monthly maintenance fee when you meet one of the following requirements each statement cycle:

Maintain $5,000 average daily balance

OR

Combined business deposit relationship balance of $10,000+

Otherwise, $15 monthly maintenance fee

No monthly maintenance fee

Items (includes checks paid, deposits, deposited items, ACH debits and credits)

150 free per statement cycle

$.50 per item in excess of 150, regardless of balance.

175 free per statement cycle

$.50 per item in excess of 175, regardless of balance.

500 free per statement cycle

$.35 per item in excess of 500, regardless of balance.

150 free per statement cycle

$.35 per item in excess of 150, regardless of balance.

Checks printing charge

At customer’s expense

At customer’s expense

At customer’s expense

At customer’s expense

Cash/coin service fee

Up to $2,000 cash services processed free of charge, then $1.50 will be assessed per $1,000

Up to $2,000 cash services processed free of charge, then $1.50 will be assessed per $1,000

Up to $5,000 cash services processed free of charge, then $1.50 will be assessed per $1,000

Up to $2,000 cash services processed free of charge, then $1.50 will be assessed per $1,000

Other PFPerks or requirements

Free Business eStatements or paper statements

Free Business eStatements or paper statements

Free Business eStatements or paper statements

Free Business eStatements or paper statements

UChoose Rewards®

Yes, learn more

Yes, learn more

Yes, learn more

Yes, learn more

View Business Account Services Fee Schedule (PDF)
EXISTING CUSTOMERS: ADD ACCOUNT ONLINE OR CALL FOR DETAILS.

1 Subject to credit approval

PFBusinessConnect, PFBusinessChoice, and PFCommunity earn interest. All of our checking accounts offer unlimited free withdrawals at any ATM worldwide, Business Online Banking, Business Mobile Banking, Business Mobile Deposit, Business Online Bill Pay, Business Overdraft Protection,1 Business eStatements, Business Debit Cards, Business Credit Cards and Business CardValet®.

PFBusinessEssentials

PFBusinessEssentials
  • Best if your business utilizes the basics with limited activity
  • $100 minimum opening balance
  • No monthly maintenance fee
  • Items (includes checks paid, deposits, deposited items, ACH debits and credits):
    • 150 free per statement cycle
    • $.50 per item in excess of 150, regardless of balance.
  • Check printing at customer’s expense
  • Other PFPerks or requirements: Business eStatements free and required
  • uChoose Rewards®

PFBusinessConnect

PFBusinessConnect
  • Best if your business utilizes moderate activity and online/mobile banking channels
  • $100 minimum opening balance
  • No monthly maintenance fee when you meet one of the following requirements each statement cycle:
    • Maintain $1,000 average daily balance
    • Combined business deposit relationship balance of $2,500+
    Other wise, $10 monthly maintenance fee
  • Items (includes checks paid, deposits, deposited items, ACH debits and credits):
    • 175 free per statement cycle
    • $.50 per item in excess of 175, regardless of balance.
  • Check printing at customer’s expense
  • Other PFPerks or requirements: Business eStatements free and required
  • uChoose Rewards®

PFBusinessChoice

PFBusinessChoice
  • Best if your business utilizes higher balances and activity levels
  • $100 minimum opening balance
  • No monthly maintenance fee when you meet one of the following requirements each statement cycle:
    • Maintain $5,000 average daily balance
    • Combined business deposit relationship balance of $10,000+
    Other wise, $15 monthly maintenance fee
  • Items (includes checks paid, deposits, deposited items, ACH debits and credits):
    • 500 free per statement cycle
    • $.35 per item in excess of 500, regardless of balance.
  • Check printing at customer’s expense
  • Other PFPerks or requirements: Business eStatements free and required
  • uChoose Rewards®

PFCommunity

PFCommunity
  • Best if your business utilizes IRS non-profit organization designation
  • $100 minimum opening balance
  • No monthly maintenance fee
  • Items (includes checks paid, deposits, deposited items, ACH debits and credits):
    • 150 free per statement cycle
    • $.35 per item in excess of 150, regardless of balance.
  • Check printing at customer’s expense
  • Other PFPerks or requirements: Business eStatements free and required
  • uChoose Rewards®
View Products and Services Fee Schedule (PDF)
EXISTING CUSTOMERS:
ADD ACCOUNT ONLINE OR CALL FOR DETAILS.

1 Subject to credit approval

Straightforward, commonsense banking

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