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Checking Account- Business

Checking Account- Business

Opening a Checking Account with SBI can be done for your business accounts. We support US-based and non-US based entities subject to terms & conditions.

Features of Business Checking Accounts

Signing up for a Checking Account with us is simple and convenient. It has the following benefits for you:

  • Deposits are insured with the FDIC for the prescribed limit per account owner by FDIC.
  • Online Banking – Free services, giving access to your Checking Account on a 24/7 basis.
  • No fee on inward credits
  • Facility of Wire transfer/ International remittances
  • Free INR Remittance through Online Banking/ processed by the branch on your request for transaction above $1000 (charges may be applied by beneficiary bank in India).
  • Free first 40 checks provided on account opening, issued on specific request of the customers.
Minimum Daily Balance requirement for Business Checking Account

The minimum daily balance to be maintained in a Business Checking Account is as follows:

Account Type

 

US based

(Amount in USD)

Non-US based

(Amount in USD)

Business Accounts

$20,000

$50,000

For more information about Checking Accounts, please read customer manual or get in touch with us at deposit.nyb@statebank.com / call on 212-521-3282 /283.

How to open Business Checking Account

You can download the form Dep 3 & Dep- MC