Business Checking

Freedom Business Account

This account is tailored specifically for sole proprietorships and not-for-profit organizations.

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Get the account that’s right for your business.

This account offers flexible and cost-effective features that cater to the unique needs of these entities, helping them manage their finances efficiently without incurring high fees. No minimum balance required, and just a $5 fee for paper statements—waived with eStatement enrollment! Enjoy 350 free transactions and up to $10,000 in free monthly deposits.

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No Interest

This is a non-interest bearing checking account

$50

Minimum balance to open this checking account

Fees

Amount varies based on Earnings Credit

See what else our Freedom Business Account includes:
Debit Card

Get a free Colony Bank Debit Card.

Online Banking

Get free access to Colony Online Banking.

Bill Pay

Get the convenience of free Bill Pay.

Mobile Banking

Free access to our Mobile Banking app.

eStatements

Free eStatements with online check images.

ATM Fees

3 ATM surcharge fees waived per month

Checks & Cards Buyback

We’ll buy back your checks and cards from another bank, up to $10.

Win a Prize

Get a chance to win a prize!

Minimum opening deposit is only $50. For Colony One account, minimum opening deposit is only $25. Ask us for details. Bank rules and regulations apply. Other fees such as non-sufficient funds, overdraft fees, etc. may apply. See fee schedule for details. Up to $10 for checks and debit cards from another financial institution given at the time the checks/debit cards are presented. Offer good on personal accounts only; ask us about our outstanding options for your business or organization. No purchase necessary to win and will not increase your chances to win. Entrants must be 18 years of age or older. Limit one entry per person. Colony Bank employees and their immediate families are not eligible to win. Winner of the prize may be issued a 1099-MISC. For official contest rules click here: https://colony.bank/official-contest-rules

Which account is right for you?
Account
 
Interest
Minimum to Open
Monthly Service Charge
Freedom Business Account
More Details
Interest: N/A
Minimum to Open: $50
Monthly Fees: $5 (can be credited back with the enrollment of eStatements)
Business Select Account
More Details
Interest: N/A
Minimum to Open: $50
Monthly Fees: $5 (can be credited back with the enrollment of eStatements)
Business Interest Account
More Details
Interest: Competitive
Minimum to Open: $50
Monthly Fees: $10 if balance falls below $5,000
Business Relationship Account
More Details
Interest: N/A
Minimum to Open: $50
Monthly Fees: Amount varies based on Earnings Credit
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Colony Bank offers a wide array of services to support you, from personal banking solutions to specialized lending options. Whatever your financial needs, we will help you every step of the way.