M&F Bank Business Checking Accounts
Our Business Checking Accounts were developed to cater to your business’s unique financial needs. At M&F Bank, we understand the importance of flexible checking solutions. All of our accounts allow you easy and secure access to your funds with the M&F Bank Business mobile app and online banking.
Regular Checking
Features and Benefits
- Open with a deposit of $500
- Send and receive funds faster with ACH payments and wire transfers
- Protect against and be alerted to fraud more quickly with Positive Pay
- Set up individualized access for employees through M&F Bank Business Online
- Review transactions, manage payment rejections and approvals, pay bills, and more with the M&F Bank Business mobile app
Minimum Balance Requirements
- Based on your balance’s earnings credit, we may waive the $16 monthly maintenance fee
NOW Checking
We designed this income-packed checking account for sole proprietorships, nonprofits, governmental units, and fiduciary-held funds.
Features and Benefits
- Open with a $1,000 deposit for
- 150 free transactions per cycle¹
- Put your funds to work as you earn interest on your balance
Minimum Balance Requirements
- Avoid the $14 monthly maintenance fee by maintaining a $5,000 minimum daily balance
Economy Checking
We’ve designed our Economy Checking account to be the sensible choice for small organizations with minimal checking account activity.
Features and Benefits
- Open with a deposit of $250
- Benefit from 100 free transactions per cycle¹
- Reduced monthly service charges
- Free Business Online and Mobile Banking
Minimum Balance Requirements
Avoid the $12 monthly maintenance fee by maintaining a minimum daily balance of $2,500
Community Checking
We’ve tailored the Community Checking account for nonprofit and civic organizations, helping real people with community initiatives.
Features and Benefits
- Open with a $100 deposit
- 15 free POS transactions¹
- 10 free deposits per cycle³
Minimum Balance Requirements
- Avoid the $6 monthly maintenance fee by maintaining a $500 minimum daily balance
Performance Checking
We understand that every business goes through stages of growth and development. That’s why we’re excited to introduce Performance Checking, a specialized account designed for businesses that have outgrown basic checking but aren’t quite ready for an analysis account. This account offers the ideal balance of features and flexibility tailored to meet the evolving needs of your business.
Features and Benefits
- Low opening deposit – Get started with just $1,000.
- Higher Limits – No fees on the first $10,000 of cash deposits.
- Discount on business checks – Enjoy a $100 discount on your first order.
- Avoid monthly fees – Waive your maintenance fee by maintaining a $10,000 minimum daily balance.
Minimum Balance Requirements
- Avoid the $20 monthly maintenance fees by maintaining a $10,000 minimum daily balance.
Business Online Banking
Gain complete control of your business finances with M&F Bank Business Online, a powerful tool for all M&F Bank Business accounts. Unlock a range of essential features, including:
- Detailed balance and transaction reports
- Seamless fund transfers between M&F Bank accounts
- Easy integration with popular financial software, including Quicken®, QuickBooks®, and Microsoft® Money
Experience the convenience and efficiency of managing your company’s finances with our comprehensive Business Online Banking platform.
How to Open a Business Checking Account
If you’re unsure if you need a separate checking account for your small business or want to know more about business banking services, check out our start-here guide: Getting Started with Business Banking.
If you’re ready to open a business checking account at M&F Bank, call or visit one of our branches, conveniently located throughout North Carolina. Our welcoming staff is here to assist you on every step of your financial journey. Please be prepared to provide the required business identification and registration documents for a hassle-free experience.
Expert Customer Support and Assistance
At M&F Bank, your success takes center stage. Our team of business bankers is here to guide you in selecting the best business checking account for your unique needs. With a deep understanding of businesses’ nuanced finances, we’ve thoughtfully designed our Business Checking Accounts to cater to companies of all sizes and types. Whether you are a sole proprietor, a nonprofit organization, or a large corporation, our checking options offer the flexibility and features you require to manage your finances effectively.
Contact a Business Banker Today
Soberina Traywick
Daniel Bellamy
Lorenzo Hardy
Baylor Pait
Commercial Lender, Raleigh – Hargett St. Branch
Soberina Traywick
13 E. Hargett St,
Raleigh, NC 27601
+1 (919) 821-4611
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Commercial Lender, Durham Branch
Daniel Bellamy
116 W. Parrish St.,
Durham, NC 27701
+1 (919) 687-7803
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Commercial Lender, Charlotte Branch
Lorenzo Hardy
101 Beatties Ford Rd.,
Charlotte, NC 28216
+1 (704) 332-2121
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SBA Business Development Officer, Corporate Headquarters, Durham
Baylor Pait
2634 Durham Chapel-Hill Blvd.,
Durham, NC 27707
+1 (919) 536-7503
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Schedule a meeting with Baylor
Baylor Pait serves as an SBA Business Development Officer for M&F Bank, helping small business owners nationwide get the capital they need to succeed financially. He has multiple years of experience in the SBA sector, which allows him to provide a unique insight into the SBA lending process and how to serve his clients best.
Dedicated to helping serve small businesses with the support of the SBA program, Baylor takes a hands-on approach with his borrowers and referral partners. He understands the intricacies of SBA rules and regulations and guides his clients every step of the way while delivering exceptional customer service, transparency, and time-efficient processes.