Mobank has branches and ATM locations throughout Missouri. It offers business savings and checking accounts, lending, merchant services, payroll, risk management, employee benefits, investments, treasury solutions, and more. In this article, we cover Mobank business checking reviews and fees. Ready to get started? Apply now.
Mobank Business Checking Fees & Rates
The Mobank business checking fees include a monthly payment of $7.50, which is waived with a minimum balance requirement of $500 or an average monthly balance of $1,000, and other charges, such as an overdraft fee, an ATM surcharge, and wire transfer fees shown in the table below.
|Monthly Fee||$7.50 per month, waived if the balance requirement is met|
|Minimum Balance Requirement||$1,000 average monthly balance|
$500 minimum balance
|Transaction Fee||75 free transactions per month, $0.40 each thereafter|
|Wire Transfer Fees||Domestic (incoming): $12|
Domestic (outgoing): $30
|Cash Deposit Fee||Information not available|
|Overdraft Fee||$32.50 per item|
$6.50 per business day Extended Overdraft Fee (charged after five consecutive business days of the account being overdrawn)
|ATM Fee||No ATM fee from Mobank; however, an ATM owner may charge a usage fee|
Summary of Mobank Reviews From Around the Web
We compiled online Mobank reviews from Yelp and found a mix of positive and negative ratings. Customers who left Mobank a positive review said that it has great customer care and wonderful deals, while those who left a negative review complained that ever since the bank was acquired by another company, deposits, bill payments, and other online transactions have not gone through the same way, which resulted to customers acquiring fees.
Mobank has branches and ATM locations throughout Missouri. You may view its branch locator to check which locations are closest to you.
Mobank Additional Business Banking Services
Mobank also offers business savings accounts, credit cards, wealth management, business lines and loans, commercial real estate financing, and Small Business Administration (SBA) funding, as well as equipment and vehicle loans. It currently does not offer business money market accounts. Find out more about its small business offerings on its website.
|Online & Mobile Banking||✓|
|Business Line of Credit||✓|
|Business Credit Cards||✓|
|Commercial Real Estate Loans||✓|
|Money Market Accounts||x|
Best Business Checking Account for Small Businesses
Have you read these Mobank business checking reviews and are still not sure if it’s right for you? Read our business checking account buyer’s guide comparing the top options and learn which bank we named the best business checking account for small businesses.