Online Services




Checking

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Business Free Connection Checking 
For start-ups, home-based businesses, small corporations, organizations and clubs.

  • Balance to Open $50.00
  • No Monthly Maintenance Fee 1
  • No Per Item Charge for the First 200 Items
  • $0.10 per Item Fee for Each Item over 200
  • Free ATM/Debit Card 2
  • Detailed Monthly Statements 4
  • Free Direct Deposit and Automatic Payments
  • Free Online Banking 2, 9, Bill Pay 3, 9 and Check Images 9

Business Connection Plus 
For sole proprietors and not-for-profit organizations with large balances and low to moderate checking activity.

  • Balance to Open $50.00
  • Interest Paid on Balance 5, 8
  • Free Direct Deposit and Automatic Payments
  • Item Fee of $0.10 per item
  • Free ATM/Debit Card 2
  • Free Unlimited SMB&T ATM Access 6
  • Free Online Banking 2, 9, Bill Pay 3, 9, and Check Images 9
  • Monthly Statements

Business Checking 
A checking account tailored for commercial businesses.  Any individual operating a business, corporation, sole proprietor, partnership, estate, DBA’s (doing business as) and other profit organizations.

  • No Minimum Balance to Open
  • End of Month Statements
  • Check Images Returned With Statements 4
  • Account Maintenance Fee of $6.00 Per Account 1
  • Deposits $0.17 each
  • Items Paid Against the Account $0.22 each
  • Items Deposited from Other Banks - $0.06
  • Items Deposited from Southern Michigan Bank & Trust - $0.03 each
  • Reduced Service Charge With Larger Balance 1
  • Service Charge Earnings Credit 7
  • Unlimited SMB&T ATM Access 6
  • Free ATM/Debit Cards 2
  • Direct Deposit with Automatic Payments

Check Reorders

If you would like to order business checks online, click here.

 

Savings

 Business Savings 
An interest bearing account that keeps it simple.

  • Balance to Open $50.00
  • Minimum Balance $100.00 Required
  • Monthly Maintenance Fee of $2.00 If Below Minimum 1
  • Interest Paid Monthly Based on Tiered Rate 5, 8

Community Investments 
Simple, straightforward, and free for municipalities and non-profit organizations.

  • Balance to Open $50.00
  • No Minimum Balance Required
  • No Monthly Maintenance Fee 1
  • Tiered Interest According to Balance 5, 8
  • Check Images Not Available
  • Free ATM/Debit Card 2
  • Personalized Checks Available
  • Free Online Banking 2, 9 and Bill Pay 3, 9
  • Cash Management and Remote Deposit Capture Available 2
  • Monthly Statements 4

HSA

Health Savings Accounts 
Give your employees the option to manage and defray their healthcare costs with Health Savings Accounts (HSAs) through Southern Michigan Bank & Trust.  Find out more by contacting your local branch for details.

  • Balance to Open $50.00
  • No Minimum Balance
  • Interest Calculated Daily Based on Daily Collected Balances and Credited Monthly
  • Interest Tiered Based on Account Balance 5
  • Unlimited Withdrawals for Qualified Medical Expenses
  • Monthly Statements
  • Free Online Banking 2, 9
  • Free HSA Debit Card
  • Unlimited SMB&T ATM Access, Non-SMB&T ATM Fee $1.50 6
  • Set-Up Fee $15.00
  • Personalized Checks at Cost

Other Business Accounts and Services

Click here for additional business solutions that could help give your company an edge!

 

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1Special fees may apply to all accounts.  2Upon qualification, some restrictions may apply.  3Electronic bill payments are processed through iPay Technologies.  4Check Safekeeping.  5Ask a New Account Representative for current interest rates.  Interest will accrue daily on the available balance if the balance meets the stated minimum requirement.  Interest is compounded monthly and paid monthly on the statement cycle date.  Interest rates are subject to change.  6You may be charged a terminal fee when using your SMB&T card at another bank’s ATM.  7Earnings credit based on average balance and monthly activity can help to offset fees.  The rate to determine earnings credit on investable balances will be based on a rate of 75 basis points below the average U.S. Government Treasury Bills for the prior 4 week period.  Credits earned may only be used to offset activity charges.  Early termination fee of $50 if account is closed in first 90 days.  If a business wishes to have multiple accounts treated as one for service charge purposes, it may be arranged upon request.  Analysis fees are assessed as of statement cycle date except for accounts on group analysis or special exceptions. 8Government regulations limit availability of interest-bearing checking to certain categories of businesses. 9 Fees from your mobile or data carrier may apply.