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  BankProv Small Business Checking
BankProv Small Business Checking
in Business Checking Accounts from BankProv
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BankProv Small Business Checking

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in Business Checking Accounts from BankProv
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Highlights
Monthly Fee $0 - $50
ATM Fee: Out-of-Network Starting at $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, founded in 0 and based in Amesbury, MA. BankProv Small Business Checking is available in 51 states across the USA.

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.
BankProv Small Business Checking Pros & Cons
Pros Cons
  • First month’s fee waived.
  • Unlimited deposit insurance (FDIC, DIF covered)
  • Available in all 50 states.
  • No signup bonus.
  • Does not earn interest.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Not FDIC-insured.
  • 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?

No, your BankProv business checking accounts are not insured by a federal insurance agency. This means that if BankProv were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

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 Starting at $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:

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From BankProv

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 Starting at $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
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Identity
  • Business Formation Documents
  • Government Issued Photo ID
  • Social Security Number
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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