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You’ll need to provide your business registration, proof of business address, a certificate of good standing, a government-issued ID, and your EIN (Employer Identification Number). A $5,000 minimum deposit is required to get started.

A Certificate of Good Standing, also known as a Certificate of Existence or Certificate of Status, is an official document issued by the state government that verifies a business entity is legally registered and authorized to do business in that state having met all state requirements, such as filing annual reports, paying necessary fees, and not facing administrative dissolution. If you do not have one, you can order one from the Florida SunBiz here. The cost is $5.
 

Yes, there is a $15 monthly maintenance fee.  To waive the monthly maintenance fee, a minimum daily balance of $25,000 is required.

While all our business checking accounts come with great features like mobile banking, eStatements, a free debit card, email alerts and more, the main difference is that this account is interest-earning.  Additionally, our Commerical Interest checking is designed for businesses with larger monthly transactions needs or businesses that require larger or more frequent cash deposits.

Qualification criteria varies by bank, but at BayFirst, all businesses including small businesses, startups, sole proprietors, partnerships, and nonprofit organizations can also qualify for a Commercial Interest Checking account.

Yes, you can order checks for your Commercial Interest Checking account. There may be a cost associated with ordering checks. Speak to a BayFirst banker for more information on ordering checks.

While BayFirst offers the ability to open many personal accounts entirely online, our opening process for business accounts does require finalizing the account opening process in-person at a banking center.  Our online account opening form for business accounts does speed up this process to open an account.