Compare Business Checking Accounts

Piedmont Federal offers five full-service checking options tailored for your business: PFBusinessEssentials, PFBusinessConnect, PFBusinessChoice, PFCommunity, and Analyzed Checking*.
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.
* See Branch or Business Banker for details.
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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![]()
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PFBusinessConnect![]()
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PFBusinessChoice![]()
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PFCommunity![]()
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1 Subject to credit approval