Compare Business Checking Accounts
With First Republic, you can choose from a wide range of deposit account options that will help support your long-term business growth.
Business Analyzed Checking |
Simplified Business Checking |
Business Interest
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Interest on Lawyers Trust Account |
Multi-Client Management Account |
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Ideal if you're looking for...
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An account that rewards you for a high balance |
A basic checking account that supports a business with low transaction volumes | An account that allows unlimited check-writing and pays interest | An account that earns interest on your short term client funds for transfer automatically to a state bar IOLTA/IOLA/IOTA program. | A streamlined way to manage your finances along with those of your clients |
Interest
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No | No |
Yes; interest rates compounded daily
View Rates |
Earned interest transferred automatically to state bar IOLTA/IOLA/IOTA program | The master account is noninterest-bearing; the sub-accounts are interest bearing1 |
Monthly Service Fee
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$30 | $30 Waived with minimum average balance of $15,000 | $30 Waived with minimum average balance of $15,000 | None | None |
Minimum opening balance
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$5,000 | $5,000 | $5,000 | None | None |
Additional Details
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Earnings allowance based on balance can offset monthly bank service fees2 |
Up to 21 deposits and 100 checks presented per statement cycle | Unlimited check-writing and other transactions | Available for attorneys practicing in California, Connecticut, Florida, Massachusetts, New York, Oregon and Washington | Funds in sub-accounts earn competitive interest rates; separate 1099s are automatically sent for each sub-account |
FDIC Insurance
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Up to the insurance limit | Up to the insurance limit | Up to the insurance limit | Up to the insurance limit | Up to the insurance limit |
1 Various product combinations are available. For applicable interest rate information, please speak to your banker.
2 Earnings allowance may offset most bank service fees based on balance maintained. Ask your banker for details.
2 Earnings allowance may offset most bank service fees based on balance maintained. Ask your banker for details.
Additional Resources
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