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Business Money Market Checking

This account works as hard as you do.


We know running a business isn’t for the faint of heart. It requires vision, stamina, and the ability to leverage every asset you’ve got to deliver a tangible return. So, when you’re deciding on a bank account, choose wisely.

While you’re busy working, the funds sitting in your First Northern Bank and Trust Business Money Market Checking Account are earning interest. In addition to the ability to write traditional paper checks, you’ll enjoy the convenience of Online Banking, Bill Pay, and more! 

Account Details and Features



Open a Business Money Market Checking Account.

Call 1-800-344-2274 or visit any branch location.

Once the account is open, you can enroll in Online Banking, request that your preferred features be enabled, and download the First Northern Bank and Trust Co. Mobile App.

Already have an account enrolled in Online Banking? To add or remove services, please use the Online Banking Addendum. To submit the form, visit our contact page to request instructions to upload the document online, mail it to your preferred branch location, or drop it off at your convenience.


There is no fee for the First Northern Bank and Trust Co. Mobile App but connectivity and usage rates by your carrier or internet provider may apply. Contact your wireless service provider for more details. Deposits are subject to verification and are not available for immediate withdrawal. Deposit limits and other restrictions apply. iPhone®, iPad®, and App Store® are registered trademarks of Apple Inc. Android® and Google Play® are trademarks of Google LLC.

To initiate a Bank to Bank Transfer, a Sole Proprietor must use their Social Security Number instead of a Taxpayer Identification Number (TIN) or Employer Identification Number (EIN). Draws against unavailable funds will result in a charge equal to the current overdraft fee.

Rate Information. View current rates. Your interest rate and Annual Percentage Yield may change.
• Determination of Rate: At our discretion, we may change the interest rate on your account.
• Frequency of Rate Changes: We may change the interest rate on your account at any time.
• Limitations on Rate Changes: There are no maximum or minimum interest rate limits for this account.

Compounding and Crediting. Interest will be compounded monthly and will be credited to the account monthly. If you close your account before interest is credited, you will receive the accrued interest. The accrued interest must be over $1.00 to receive the accrued interest.

Minimum Balance Requirements. You must deposit $1,000.00 to open this account. A service charge of $5.00 will be imposed every statement cycle if the daily balance on any day of the statement cycle falls below $1,000.00. You must maintain a minimum daily balance of$1,000.00 in the account each day to obtain the disclosed annual percentage yield.

Dormant and Inactive Account Information. A dormant account fee of $5.00 per month will be charged after 1 year of inactivity. Processing Order. Items are paid from current funds using the following method: Internal items, POS items, ATM items, over the counter checks (serial number order), ACH items, all other checks (serial number order).

The processing order of these items is important because if there is not enough money in the account to pay for the items in the order they are processed in accordance with the processing order, there may be an overdraft on your account which may result in overdraft or non-sufficient funds fees or an increase in the amount of these fees.

Balance Computation Method. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual on Non-Cash Deposits. Interest begins to accrue on the business day you deposit non-cash items (for example, checks).

Transaction Limitation. During any month, you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party. An excessive transaction fee of $5.00 will be charged for each transaction over the limitations listed above.

Additional Information Regarding Your Account. This account is not a consumer account to which Truth in Savings applies.

Check Standards: You agree to only write or deposit checks that are written in an ink type or color (blue or black) that reproduces clearly when imaged or copied. You also agree that you will not write or deposit checks that bear designs, security features, or other elements that prevent the check from being imaged or copied with all of its necessary elements being reproduced clearly.

Substitute Checks: You agree that you will not, without the Bank’s express written consent, deposit any substitute check into an account.

Fees and Charges. For information about fees and charges associated with this account, view our Schedule of Service Fees.

MasterMoney is a registered trademark of Mastercard International Incorporated.