Merchants Bank of Alabama has five branches and eight ATMs in Alabama. Its small business offerings include business checking accounts, lending, merchant services, payroll processing, credit cards, and investment. It is rated A+ by the Better Business Bureau.
Merchants Bank of Alabama Business Checking Rates & Fees
| Monthly Fee | $15 per month if the balance requirement is not met |
| Minimum Balance Requirement | $500 minimum daily balance or $1,500 average monthly balance |
| Transaction Fee | 500 free items per month; 25 cents each thereafter |
| Wire Transfer Fee | Incoming: $7.50 Outgoing: $12.50 |
| Cash Deposit Fee | Information not available |
| Overdraft Fee | $25 per item $5 Overdrawn Balance Fee (every 7 business days) |
| ATM Fee | Non-Merchant Bank of Alabama ATM transaction: 75 cents per inquiry $1 per withdrawal/transfer $2.50 noncustomer surcharge fee |
Merchants Bank of Alabama Network
Merchants Bank of Alabama has five branches and eight ATMs in Alabama. You can use its branch locator to check which location is closest to you.
Merchants Bank of Alabama Additional Business Banking Services
Merchants Bank of Alabama also offers the following business services: term loans, lines of credit, Small Business Administration funding, commercial mortgages, and business credit cards. Although it offers personal savings accounts, it currently does not have business savings account offerings. Find out more about its small business offerings on its website.
| Online & Mobile Banking | ✓ |
| Business Line of Credit | ✓ |
| Business Loans | ✓ |
| Business Credit Cards | ✓ |
| SBA Loans | ✓ |
| Commercial Real Estate Loans | ✓ |
| Wealth Management | x |
| Business Savings | x |
| Money Market Accounts | x |
Best Business Checking Account for Small Businesses
Want to know what bank we named the best business checking account for small businesses? Read our business checking account buyer’s guide comparing the top options.
