Commercial Banking

Commercial Banking Services






Small Business Choice Checking

Perfect fit for any small business with low transaction volume looking to maximize their cash back earnings.

Minimum Deposit to Open Account - $100.00

Minimum Balance to Maintain - None

Rewards Debit Card - Receive cash back reward on signature-based debit card transactions only at a rate of .25% ($.25/$100).

Monthly Service Charge - $10.00

Service Charge Buy-Down Options: - Each option buys-down service charge for $2.00 each for a maximum buy-down of $6.00.

  • Use Business debit card 20 times (as a signature-based transaction) per statement cycle. Transactions will be counted on the date the transactions post and clear to the account, and not necessarily the date you conduct the transaction.
  • Use on-line bill payment at least three times per statement cycle. Bill payment debits must post and clear to the account during the monthly statement cycle to qualify.
  • Write less than 10 checks per statement cycle.

Per Item Charge - First 200 items free. Over 200 each item will be charged $.30 each.

Online Bill Payment - No Charge. If the bill payment program is not used within a consecutive three month period, the program will be deactivated, resulting in a loss of bill payment history and payee information.

eStatements - No charge for eStatements. Online banking and/or Mobile Banking required to receive eStatements. In order to accept and receive delivery, you must have access to a computer or other device with internet connectivity, sufficient storage space, and internet browser capable of 128-bit encryption, software that enables you to view files in the Portable Document Format ("PDF") and a valid email address. You must notify the bank if you become unable to meet the above hardware and software requirements. Enroll in eStatements by clicking the eStatement tab within NetTeller Internet Banking and completing the process. Please contact the bank if you have trouble enrolling.

Paper Statements - Mail delivery of statements is $4.00 per statement.

Delivery Methods of Receiving Periodic Statements- Only one delivery method per account is possible.

Merchant Services - ACH origination and remote deposit capture are subject to approval.  Additional fees apply for remote deposit capture, remote deposit through the Bank's mobile app and ACH origination.  Merchant credit card processing is available and approved through a third-party vendor. 

Quicken, QuickBooks, and Microsoft Money Integration - Integration supported for Quicken, QuickBooks and Microsoft Money Account Software does not include actual software.

Commercial Checking

Perfect fit for businesses with high transaction volume and diverse banking needs.

Minimum Deposit to Open Account - $100.00

Reserve Requirement - 10%

Minimum Balance to Maintain - None

Monthly Service Charge - $10.00

Earnings Credit - Earnings Credit is based on daily balance and used to offset fees incurred to service your account. Credit will not exceed monthly service charge.

Item Charges - Items will be charged as follows:

  • $.15/each - ACH Debits and Credits
  • $.30/each - Deposits/Credits
  • $.15/each - Checks/Debits Paid
  • $.06/each - Deposited Items

Account Analysis Your service charge is equal to the difference between the EARNINGS on your collected balances and the COST of servicing your account, which is based on activity reported during the statement cycle, including the monthly statement charge. If the EARNINGS equal or exceed the total COST, there is no service charge assessed for that statement cycle. EARNINGS are the product of the MONTHLY EARNINGS CREDIT RATE (MONTHLY EARNINGS CREDIT RATE is a variable rate, subject to change monthly and will be equal to the discount rate of the 4-week U.S. Treasury Bill based on the results of the most recent auction by the U. S. Treasury of short-term U. S. Government Bills for the period, plus or minus a discretionary margin) and the AVERAGE DAILY COLLECTED BALANCE for the period.  If the AVERAGE DAILY COLLECTED BALANCE is negative, the product of the AVERAGE DAILY COLLECTED BALANCE and the MONTHLY EARNINGS CREDIT RATE will also be negative and will result in a service charge in excess of COST.  In determining the COST, the Bank calculates a fee for each activity (PRICE x VOLUME).  These fees are added together, and to that figure, the statement charge is added.  The service charge is comprised of total charges minus the earnings credit. 

In determining COST, the Bank calculates a fee for each activity (PRICE X VOLUME). These fees are added together, and to that figure, the monthly service charge is added. The service charge is comprised of total charges minus the earnings credit.

The Earnings Credit is based on daily balance and used to offset fees incurred to service your account. Credit will not exceed fee.

Business ATM/Debit Card  Provided

eStatements - Provided. Online banking and/or mobile banking required to receive eStatements. In order to accept and receive delivery, you must have access to a computer or other device with internet connectivity, sufficient storage space, and internet browser capable of 128-bit encryption, software that enables you to view files in the Portable Document Format ("PDF") and a valid email address. You must notify the bank if you become unable to meet the above hardware and software requirements. Enroll in eStatements by clicking the eStatement tab within NetTeller Internet Banking and completing the process. Please contact the bank if you have trouble enrolling.

Paper Statements - Mail delivery of statements is $4.00 per statement.

Delivery Methods of Receiving Periodic Statements - Only one delivery method per account is possible.

Merchant Services - ACH origination and remote deposit capture are subject to approval.  Additional fees apply for remote deposit capture and ACH origination.  Merchant credit card processing is available through and approved by a third party vendor. 

Quicken, QuickBooks, and Microsoft Money Integration - Integration supported for Quicken, QuickBooks and Microsoft Money Account Software does not include actual software.

Business Interest Checking

Perfect fit for businesses or organizations with low-impact item processing and cash handling needs wanting to receive interest. This is a business purpose account and is not subject to Regulation DD (Truth in Savings) requirements.

Minimum Deposit to Open Account - $100.00

Rate Information - Your interest rate and annual percentage yield may change. 

Frequency of Rate Changes - We may change the interest rate on your account at anytime.

Determination of Rate - At our discretion, we may change the interest rate on your account.

Compounding and Crediting Frequency - Interest will not be compounded. Interest will be credited to your account each month.

Effect of Closing an Account - If you close your account before interest is credited; you will not receive the accrued interest.

Average Daily Balance Computation Method - We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle.

Accrual of Interest on NonCash Deposits - Interest begins to accrue on the business day you deposit non-cash items (for example, checks).

Monthly Service Charge - A service charge of $7.00 will be imposed every statement cycle if the balance in the account falls below $1,500.00 on any day of the statement cycle and the average collected balance is below $2,000.00.

Per Item Fees 

  • $.15/each - Items Paid Over 20
  • $.10/each - Items Deposited Over 30

Paper Statements - $4.00 per statement delivery by mail.

eStatements - Provided. Online banking and/or mobile banking required to receive eStatements. In order to accept and receive delivery, you must have access to a computer or other device with internet connectivity, sufficient storage space, and internet browser capable of 128-bit encryption, software that enables you to view files in the Portable Document Format ("PDF") and a valid email address. You must notify the bank if you become unable to meet the above hardware and software requirements. Enroll in eStatements by clicking the eStatement tab with NetTeller Internet Banking and completing the process. Please contact the bank if you have trouble enrolling.

Online Banking and/or Mobile Banking - Required to receive eStatements.

Delivery Methods of Receiving Periodic Statements - Only one delivery method per account is possible.

Merchant Services - ACH Origination and Remote Deposit Capture are subject to approval.  Additional fees apply for Remote Deposit Capture and Cash Management.  Merchant credit card processing available and approved through a third-party vendor.

Quicken, QuickBooks, and Microsoft Money Software Integration - Integration provided.  (Integration to the program, not the actual software)

Business ATM/Debit Card - Provided.

We now offer Mobile Deposit!

Search "Bank of the South" in your app store or tap below to download Bank of the South's goDough Mobile Banking App for iPhone and Android devices.

Main Office: 4410 West Fairfield Dr. Pensacola, FL 32506
Phone (850) 456-5722Fax (850) 456-0352
Pensacola Beach Office: 136 Ft. Pickens Road Pensacola Beach, FL 32561
Phone (850) 932-9336Fax (850) 932-7773
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