Mercantile Bank has seven full-services branches, as well as more than 100 bank and ATM locations in 32 Illinois communities through their United Community Bancorp network. Their offerings include business savings and checking accounts, business loans and lines, cash management, trust and merchant services, business succession planning, and more. They are rated 5 stars on Bankrate.
Mercantile Bank Business Checking Rates & Fees
|Monthly Fee||No monthly fee|
|Minimum Balance Requirement||No minimum balance requirement|
|Transaction Fee||300 free transactions per month, $0.30 per additional transaction|
|Wire Transfer Fee||Information not available|
|Cash Deposit Fee||Information not available|
|Overdraft Fee||$25 per item|
|ATM Fee||No ATM fee|
Mercantile Bank Network
Mercantile Bank has seven full-services branches in Illinois. They are also a part of the United Community Bancorp network, which provides their customers access to more than 100 bank and ATM locations in 32 Illinois communities. You can use their branch locator to see which locations are closest to you.
Mercantile Bank Additional Business Banking Services
Mercantile Bank also offers the following business services: business savings and money market accounts, credit cards, business loans, lines of credit, and commercial real estate financing. They currently do not offer SBA loans and wealth management. Find out more about their small business offerings on their website.
|Online & Mobile Banking||✓|
|Money Market Accounts||✓|
|Business Line of Credit||✓|
|Business Credit Cards||✓|
|Commercial Real Estate Loans||✓|
Best Small Business Business Checking Account
Want to know which bank we named the best business checking account for small businesses? Read our business checking account buyer’s guide comparing the top six options.