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Business Checking
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Account Options for Nonprofit Organizations
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Money Manager Account
Money Manager Account
A powerful business checking account that never stops working.
With a Money Manager account from Montecito Bank & Trust, you get all the benefits of a full-service account, plus your balances are put to work as we sweep excess funds in your checking account over a set limit into a linked money market account.
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Monthly Service Charge
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$20
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Minimum Balance to Waive Service Charge
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$25,000 combined minimum daily balance
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Access to Funds
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Unlimited check writing on the checking portion of the account; up to 6 transfers per statement cycle from the money market portion of the account
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Pays Interest
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Yes. Funds in the money market account earn interest. Higher rates paid for higher balances. Simple interest accrues daily, compounds monthly and paid monthly.
Check our current rates.
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Account Activity
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Funds in excess of a set limit are automatically swept each day from the non-interest checking account into the money market account.
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ATM/Debit Card Access
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Free Business Debit Card
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Online Banking, Mobile Banking & Bill Pay
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Free Basic Business Banker (inquiries, transfers), Free Mobile Business Banker & Free Bill Pay
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Additional Benefits
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- Free Direct Deposit
- Free Telephone Banking
- Free electronic statements
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Account Analysis
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An Analyzed Checking Account is a cost-effective choice for businesses with high levels
of account activity, and/or use of bank services and who maintain high balances. A Business
Interest Checking account can be set up on Account Analysis. It is best to discuss this
account option with a Montecito Bank & Trust Relationship Manager to fully understand the details.
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Additional Investment Account Option:
NOT FDIC INSURED * No bank guarantee * May lose value
Montecito Bank & Trust does offer an additional sweep product.
It’s our Lion’s Share Account. It’s an investment sweep account
combining full-service checking with a ©Dreyfus Money Market Fund.
The Lion’s Share investment account is provided by Dreyfus Service
Corporation, a wholly-owned subsidiary of Mellon Financial Corporation.
Call us at 805-963-7511 or stop by any one of our convenient
branch locations
to get more information.
Not sure what documents you'll need to open a new business account?
Opening a new account is easy. But knowing exactly which documents to
bring to the branch can be confusing - we get it! That's why we've put
together a simple checklist of
Required Documents for New Business Accounts.
Ready to get started?
To open an account,
call us at (805) 963-7511, or just stop by one of our convenient
branch locations.
Compare:
And don’t forget Overdraft Protection
and Direct Deposit.