
Gate City Bank Business Interest Checking
in Business Checking Accounts from Gate City Bank · Member fdic
UnaffiliatedGate City Bank Business Interest Checking
in Business Checking Accounts from Gate City Bank · Member FDIC
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Monthly Fee | $6 |
ATM Fee: Out-of-Network | $0 |
Minimum Balance to Avoid Monthly Fee | $1,500 |
APY (Annual Percentage Yield) | 0.01% |
Gate City Bank Business Interest Checking Review
Gate City Bank Business Interest Checking is offered by Gate City Bank, a bank founded in 1923 and based in Fargo, ND. Gate City Bank Business Interest Checking is available in 2 states across the USA.
- Low APY. The maximum annual percentage yield for this account is only 0.01%, and you must keep a minimum balance of $1500.
- Charges a monthly fee. This account charges a monthly maintenance fee of $6, but the fee is waived if you keep a minimum balance of $1,500.
- $50 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
- No ATM fees. Gate City Bank Business Interest Checking does not charge fees on ATM transactions.
- ATM fee reimbursements. This account will reimburse you for the ATM fees charged by other financial institutions.
- Free bill pay. Pay your bills to practically anyone in the United States through Gate City Bank.
- Hard credit pull. Gate City Bank may require a hard pull on your credit report to open a checking account.
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Are business checking accounts from Gate City Bank federally insured?
Yes, your Gate City Bank business checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #27774). 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 Gate City Bank Business Interest Checking offer?
Description | |
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APY (Annual Percentage Yield) | 0.01% |
Gate City Bank Business Interest Checking offers an APY of 0.01% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1500.
What are the account minimums for Gate City Bank Business Interest Checking?
Gate City Bank Business Interest Checking requires a minimum initial deposit of $50 to open an account.
Description | Amount |
---|---|
Minimum Initial Deposit | $50 |
APY Minimum Balance | $1,500 |
Minimum Balance to Avoid Monthly Fee | $1,500 |
What fees does Gate City Bank Business Interest Checking charge?
The good news is that this account does not have a monthly service charge.
Description | |
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Monthly Fee | $6 |
Paper Statement Fee | N/A |
ATM Fee: In-Network | $0 |
ATM Fee: Out-of-Network | $0 |
NSF Fee | $32 |
Overdraft Protection Fee (per transfer) | N/A |
Overdraft Item Fee | $32 |
Early Account Closure | N/A |
Returned Deposit Fee (Domestic) | $13 |
Debit Card Replacement Fee | N/A |
Bank Teller Fee | N/A |
Check Cashing Fee | N/A |
Online Bill Pay Fee | $0 |
Stop Payment Fee | $27 |
Check Image Service | N/A |
Check Copy | N/A |
Foreign Transaction Fee (Debit Card) | 2% |
Wire Transfer Fee - Domestic (Outgoing) | N/A |
Wire Transfer Fee - International (Outgoing) | N/A |
Wire Transfer Fee - International (Incoming) | $22 |
Returned Deposit Fee (International) | $13 |
Wire Transfer Fee - Domestic (Incoming) | $10 |
ATM Reimbursement Monthly Limit | N/A |
What features and perks does Gate City Bank Business Interest Checking offer?
This account includes the following features:
- ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks.
- Fraud monitoring - Gate City Bank Business Interest Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
- Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Gate City Bank Business Interest Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Contact
- Headquarters
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P.O. Box 2847
Fargo, ND 58108 - (800) 423-3344
- Visit Site
Other Services by Gate City Bank

Availability
- Minnesota
- North Dakota
Feature Breakdown
APY Minimum Balance | $1,500 |
Minimum Balance to Avoid Monthly Fee | $1,500 |
Minimum Initial Deposit | $50 |
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