Important Information regarding Beneficial Ownership!

Effective January 1st, 2024 the Financial Crime Enforcement Network (FinCEN) has recently finalized a requirement that businesses themselves report their beneficial ownership information directly to FinCEN.

  • Existing Businesses: Currently registered with the Secretary of State will have from January 1st, 2024 through January 1st, 2025 to register their business.
  • New Businesses: In 2024 will have 90 calendar days after registration with the Secretary of State to register their business.

Please note that Marion Center Bank staff are unable to provide advise in preparing these reports, as it relates to the new BOI requirements. We recommend you reach out to your legal team or tax professional for guidance.

FinCEN has many resources available to help your business navigate these new requirements. The link below are for the Beneficial Ownership Frequently Asked Questions and Small Business Resources where you will find a Small Entity Compliance Guide.

Click here to view Beneficial Ownership FAQs

Click here to view Small Business Resources

Business Checking Accounts

Whether you own a small business, manage the operations of a large corporation, or are the treasurer of a non-profit organization, we have Our dedicated staff works with you to select the best products to meet your business’s needs. We combine cutting-edge technology with
exceptional customer service to help you achieve your financial goals. Our business checking accounts are tailored to the needs of your business, whether you do a few transactions each month or hundreds.

All of our checking accounts can be managed online, over the phone or in person at one of our local branches.

Contact us to learn more about our Business packages.

Features & Benefits
  • Online Banking
  • Free Bill Pay Services
  • Business Mobile Banking App*
  • Free eStatements
  • Free Telephone Banking (Dial-A-Bank)
Non-Interest Bearing Account Options
Account TypeSmall Business CheckingBusiness Analysis CheckingNon-Profit Corporation or Association Checking
Account Type
Benefits
Small Business Checking
If you own a small business, this account is just the right amount of checking for you.
Business Analysis Checking
An account that allows your earnings credit (calculated on your average daily balance) to offset your fees. Enable your account to grow as your business grows.
Non-Profit Corporation or Association Checking
Specifically designed for organizations that carry a smaller balance and process fewer items.
Account Type
Opening Deposit
Small Business Checking
$100.00
Business Analysis Checking
$100.00
Non-Profit Corporation or Association Checking
$100.00
Account Type
Transaction Limitations
Small Business Checking
Limited to 50 checks or less paid per monthly statement cycle
Business Analysis Checking
None
Non-Profit Corporation or Association Checking
Limited to 50 checks or less paid per monthly statement cycle
Interest Bearing Account Options
Account TypeBusiness Interest CheckingBusiness Prime Investment AccountBusiness Money Market Deposit Account
Account Type
Benefits
Business Interest Checking
Earn interest on your average daily balance in addition to your earnings credit offsetting fees.
Business Money Market Deposit Account
The higher your balance the higher the rate you will receive with this account.
Account Type
Opening Deposit
Business Interest Checking
$1,000.00
Business Prime Investment Account
$5,000.00
Business Money Market Deposit Account
$1,000.00
Account Type
Transaction Limitations
Business Interest Checking
None
Business Prime Investment Account
None
Business Money Market Deposit Account
6 external or system generated transfers per month. Unlimited in person transactions
Account Type
Interest Bearing Account
Business Interest Checking
Yes, Call for rates.
Business Prime Investment Account
Yes, Call for rates.
Business Money Market Deposit Account
Yes, Call for rates.

Still unsure which account is right for you?

Simply give us a call or stop in. We’re happy to help guide you through your choices. For Businesses looking to earn higher interest, contact a branch near you for more information.

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