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  BankProv Small Business Checking

BankProv Small Business Checking

in Business Checking Accounts from BankProv · fdic

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BankProv Small Business Checking

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in Business Checking Accounts from BankProv · Member FDIC

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Highlights
Monthly Fee $0 - $50
ATM Fee: Out-of-Network $2
Minimum Balance to Avoid Monthly Fee $250,000
APY (Annual Percentage Yield) N/A

BankProv Small Business Checking Review

BankProv Small Business Checking is offered by BankProv, a bank founded in 0 and based in Amesbury, MA. BankProv Small Business Checking is available in 50 states (and Washington, DC).

Key Takeaways
  • Service Fee DiscountAccounts can get 50% of the monthly fee waived when a balance of $100,000 is maintained.
  • Charges a monthly fee. This account charges a monthly service fee of up to $50, but the fee is waived if you keep a minimum balance of $250,000.
  • No minimum initial deposit. There is no minimum balance required to open an account.
  • Bill pay. Pay your bills to practically anyone in the United States through BankProv.
BankProv Small Business Checking Pros & Cons
Pros Cons
  • First month’s fee waived.
  • Unlimited deposit insurance (FDIC, DIF covered)
  • Available in all 50 states.
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No signup bonus.
  • Does not earn interest.
  • Does not provide access to a nationwide ATM network.
  • Higher than average wire transfer fees.
  • Monthly service charge.
  • Charges a higher than average fee on out-of-network ATM transactions.
BankProv Small Business Checking FAQ

Are business checking accounts from BankProv federally insured?

Yes, your BankProv business checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #90141). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does BankProv Small Business Checking offer?

BankProv Small Business Checking is not an interest bearing account.

What are the account minimums for BankProv Small Business Checking?

BankProv Small Business Checking does not require a minimum initial deposit.

BankProv Small Business Checking Account Minimums
Description Amount
Minimum Initial Deposit $0
Minimum Balance to Avoid Monthly Fee $250,000

What fees does BankProv Small Business Checking charge?

This account charges a monthly maintenance fee of up to $50.

BankProv Small Business Checking Fees
Description
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $2
Check Copy $3
Debit Card Replacement Fee $5
Foreign Transaction Fee (Debit Card) 1.1%
Monthly Fee $0 - $50
NSF Fee $35
Online Bill Pay Fee $0
Overdraft Item Fee $35
Overdraft Protection Fee (per transfer) $7.50
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $10
Returned Deposit Fee (International) $20
Stop Payment Fee $35
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $35

What features and perks does BankProv Small Business Checking offer?

This account includes the following features:

  • Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - BankProv Small Business Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
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Message From BankProv Small Business Checking

BankProv is a future-ready commercial bank for corporate clients, specializing in offering adaptive and technology-first banking solutions to niche markets, including cryptocurrency, renewable energy, fin-tech and enterprise value lending with a focus on search fund loans.

Through their offerings, BankProv insures 100% of deposits through a combination of insurance provided by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF).

They believe in challenging the status quo, which is why they are working side by side with some of the most innovative FinTech companies around the world to offer next-gen banking solutions and help their customers be ready for tomorrow.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 8:00pm
  • Tuesday 8:00am - 8:00pm
  • Wednesday 8:00am - 8:00pm
  • Thursday 8:00am - 8:00pm
  • Friday 8:00am - 8:00pm
  • Saturday 9:00am - 1:00pm

About BankProv Small Business Checking

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Balance to Avoid Monthly Fee $250,000
Minimum Opening Deposit $0
ATM Fee: In-Network $0
Online Bill Pay Fee $0
ATM Fee: Out-of-Network $2
Check Copy $3
Debit Card Replacement Fee $5
Foreign Transaction Fee (Debit Card) 1.1%
Monthly Fee $0 - $50
NSF Fee $35
Overdraft Item Fee $35
Overdraft Protection Fee (per transfer) $7.50
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $10
Returned Deposit Fee (International) $20
Stop Payment Fee $35
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $35
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Mobile Banking
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Branch Access
  • Member FDIC

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