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  Gate City Bank Totally FREE Business Checking
Gate City Bank Totally FREE Business Checking Unaffiliated

Gate City Bank Totally FREE Business Checking

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Highlights
Monthly Fee $0
ATM Fee: Out-of-Network Starting at $0
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0%

Gate City Bank Totally FREE Business Checking Review

Gate City Bank Totally FREE Business Checking is offered by Gate City Bank, a bank founded in 1923 and based in Fargo, ND. Gate City Bank Totally FREE Business Checking are available in 2 states across the USA.

Key Takeaways

  • 0% APY. As with most checking accounts, Gate City Bank Totally FREE Business Checking does not pay interest.
  • $0 monthly fee. This account does not charge any monthly account fees.
  • No ATM fees. Gate City Bank Totally FREE Business Checking does not charge fees on ATM transactions.
  • ATM fee rebates. This account will reimburse you for ATM fees (see terms and conditions for details).
  • Bill pay. Pay your bills to practically anyone in the United States through Gate City Bank.

Gate City Bank Totally FREE Business Checking Pros & Cons

Pros Cons
  • 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
  • Only available in 2 states.

Gate City Bank Totally FREE Business Checking FAQ

Are business checking accounts from Gate City Bank federally insured?

Yes, your deposits 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 Totally FREE Business Checking offer?

Gate City Bank Totally FREE Business Checking is not an interest-bearing account.

What are the account minimums for Gate City Bank Totally FREE Business Checking?

Gate City Bank Totally FREE Business Checking requires a minimum initial deposit of $50 to open an account.

Gate City Bank Totally FREE Business Checking Account Minimums
Description Amount
Minimum Initial Deposit $50

What fees does Gate City Bank Totally FREE Business Checking charge?

The good news is that this account does not have a monthly service charge.

Gate City Bank Totally FREE Business Checking Fees
Description
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0
NSF Fee $32
Online Bill Pay Fee $0
Overdraft Item Fee $32
Returned Deposit Fee (Domestic) $13
Returned Deposit Fee (International) $13
Stop Payment Fee $27
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - International (Incoming) $22

What features and perks does Gate City Bank Totally FREE Business 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 Totally FREE Business 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 Totally FREE Business 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.
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Message From Gate City Bank Totally FREE Business Checking

The name says it all! Totally FREE Business Checking is a perfect fit for any business. It allows you to spend less time managing your money and more time making it!

Availability

  Available in 2 states
  • Minnesota
  • North Dakota

Feature Breakdown

Minimum Opening Deposit Starting at $50
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0
NSF Fee $32
Online Bill Pay Fee $0
Overdraft Item Fee $32
Returned Deposit Fee (Domestic) $13
Returned Deposit Fee (International) $13
Stop Payment Fee $27
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - International (Incoming) $22
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Business Formation Documents
  • Government Issued Photo ID
  • U.S. Tax Identification Number
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • ATM Reimbursement
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Branch Access
  • Member FDIC
APY (Annual Percentage Yield) 0%

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