If you are a business owner in today's economy, it's important that you have a bank at the Lake of the Ozarks you can count on for ALL your needs. First Bank of the Lake enjoys helping businesses thrive, especially this year. From offering effective business accounts to business mobile banking and more, we are here for you! Keep reading this week's blog to learn all about the benefits of moving your business accounts to First Bank of the Lake.
Kind customer service, quick responses, many products that work for everyone - these are just a few of the many benefits you get to enjoy when you become a customer of First Bank of the Lake.
See below to learn more about business checking and savings accounts we offer.
Business Checking
We can help your business grow!
Your First Source For Business Products & Services
First FREE Business Checking
This FREE account is perfect for most businesses!
- No Minimum Balance
- 150 FREE monthly transactions items*
- (Only $.50 per transaction over 150)
- No monthly service charge on Active Accounts
- $100 Minimum Opening Deposit
- FREE Online Banking
- FREE Bill Pay
- FREE Business Mobile Banking
- FREE Mobile Deposit
- FREE eStatements (required)
- FREE Business Debit Card
- No Minimum Balance
- No Minimum Opening Deposit
- Only $30 monthly service charge**
- Earnings credit allowance† on deposit balances may offset activity fees.
- Low Per Item Transaction Fees
- Deposits & Other Credits 40¢ each
- Checks & Other Debits 40¢ each
- Deposited Item 8¢ each
- FREE Remote Deposit***
- FREE Online Banking
- FREE Bill Pay
- FREE Business Mobile Banking
- FREE Mobile Deposit
- FREE eStatements
- FREE Business Debit Cards (for all authorized signors)
- Business Line of Credit with Sweeps (with approved credit)
- Up to 2 additional FREE Business Checking Accounts
- Great for Payroll & Petty Cash Accounts
- FREE Kasasa® Cash Checking or FREE Kasasa® Cash Back Checking accounts for you and your employees! (conditions may apply)
Your cell phone provider may charge additional fees for web access or text messages for Business Mobile Banking. Other fees such as NSF, overdraft, dormant fee on inactive accounts, etc. may apply. See bank for details.
* Transaction items include all debits and credits (deposits, withdrawals & deposited items). Only 50¢ for every transaction item over 150.
**The monthly service charge and certain transaction fees may be partially or fully offset by an earnings credit.
***There may an additional charge for the Remote Deposit check scanner.
The earnings credit is based on the 91-day Treasury Rate index. Credit is computed using the monthly average collected balance maintained in the Business Checking account. See bank for current rates, rates subject to change.
To Assist in Opening Your New Account, we may request the following:
Sole Proprietor\
- SSN or TIN of Owner
Limited Liability Company (LLC)
Partnership
Corporation
Not-For-Profit Organization
Organizations & Associates
Fictitious Business Name Statement may also be requested.
We’re ready to help your business succeed!
Business Savings & Money Market Accounts
Make the most of your excess cash flow.
Start saving toward your business goals. Earn competitive rates while enjoying the flexibility to access your money when you need it. Get more value and earnings for your business savings, start today.
Business Savings Account
- TIN of LLC
- Articles of Organization
- Operating Agreement
Partnership
- TIN of Partnership
- Partnership Agreement
- Certificate of Partnership
Corporation
- TIN of Corporation and one of the following:
- Articles of Incorporation
- Certificate of Incorporation
- Operating Agreement
- Annual Report
Not-For-Profit Organization
- TIN of Organization
- If incorporated, follow corporation guidelines
- If tax-exempt, IRS documentation or tax return
- If not tax exempt, authorization letter
- TIN of Business
Fictitious Business Name Statement may also be requested.
- Additional documentation may be required for individuals who have ownership of 25% or more of the business and an individual with significant responsibility to control, manage or direct the business.
We’re ready to help your business succeed!
Business Savings & Money Market Accounts
Make the most of your excess cash flow.
Start saving toward your business goals. Earn competitive rates while enjoying the flexibility to access your money when you need it. Get more value and earnings for your business savings, start today.
Business Savings Account
Earn a competitive rate to grow your company’s funds quickly and securely!
Business Money Market Account
Maximize your earning potential – Earn higher rates on higher balances!
Competitive rates and personalized service make First Bank of the Lake the ideal business banking partner. Let’s save up. Starting today.
We can help your savings grow while you’re busy growing your business.
Talk to one of our Business Banking experts today!
Business Mobile Banking
Powerful financial management for your business accounts.
Business doesn't stop just because you're away from the office, and some of those important financial decisions can't just wait until you get back. That's why Business Mobile Banking can be such a crucial tool for you and your company.
Business Mobile Banking puts the power of financial management and supervision right into your hands...wherever you are, whenever you choose.
With the First Bank of the Lake Business Mobile Banking app, you get:
“Must-Have” Mobile Banking Features
Mobile Deposit
Deposit checks with your mobile device. Simply take a photo of your check and securely submit your deposit for processing. It's fast, free, and at your fingertips.
Payment & Transfers
Enjoy convenient access to Bill Pay and Transfers functionality. Whether it is a recurring payment or a one-time payment, we make paying your bills hassle free. Schedule payments to companies and people, or securely move money between your accounts.
Ease of Use
Check balances & transactions
Give yourself the confidence that comes from knowing exactly where your finances stand by getting a look at all your accounts. View real-time balances, transaction history, and recent and pending transactions.
Instant Balance
Enable Instant Balance to securely preview your balance without logging in.
Safety & Security
Approvals
Approvals are at the heart of our Business Banking App and are essential tool that helps protect your business against fraud. Approvals that have been set-up within our desktop site carry over to your mobile device. Authorized users have the ability to approve payments and ACH transactions, wherever they are and whenever it’s convenient. Approvals offer control over large transfers of money, help identify suspicious activity, and can stop fraudulent transactions before they ever happen. If you have transactions waiting for your approval and have activated your push alerts, you'll even see an alert right on your home screen.
Secure Login
Logging in from your mobile device is simple and very secure. In fact, our mobile login uses the same multi-layer security that’s used as if you’re logging in from your desktop computer. We confirm your credentials along with the device you are using. You can also securely sign in with Touch ID® and Fingerprint Authentication.
Bank 24/7… anytime, anywhere!
Search for FBOL Business mobile app in the Apple Store or Google Play.
- $500 Minimum Opening Deposit
- Competitive interest rate
- Interest compounded quarterly
- Only $200 minimum balance to avoid a monthly fee of $2
- Up to 6 preauthorized transfers allowed per statement cycle
- $1 charge for each transfer or withdrawal over 6
- FREE Online Banking
- FREE Business Mobile Banking
- FREE eStatements
Business Money Market Account
Maximize your earning potential – Earn higher rates on higher balances!
- $500 Minimum Opening Deposit
- Competitive interest rate for balances below $24,999.99
- Higher interest rates with balances of $25,000 or more
- Interest compounded quarterly
- Only 1,000 minimum balance to avoid a monthly fee of $10
- Up to 6 preauthorized transfers allowed per statement cycle
- $10 charge for each transfer or withdrawal over 6
- FREE Online Banking
- FREE Business Mobile Banking
- FREE eStatements
Competitive rates and personalized service make First Bank of the Lake the ideal business banking partner. Let’s save up. Starting today.
We can help your savings grow while you’re busy growing your business.
Talk to one of our Business Banking experts today!
Business Mobile Banking
Powerful financial management for your business accounts.
Business doesn't stop just because you're away from the office, and some of those important financial decisions can't just wait until you get back. That's why Business Mobile Banking can be such a crucial tool for you and your company.
Business Mobile Banking puts the power of financial management and supervision right into your hands...wherever you are, whenever you choose.
With the First Bank of the Lake Business Mobile Banking app, you get:
“Must-Have” Mobile Banking Features
Mobile Deposit
Deposit checks with your mobile device. Simply take a photo of your check and securely submit your deposit for processing. It's fast, free, and at your fingertips.
Payment & Transfers
Enjoy convenient access to Bill Pay and Transfers functionality. Whether it is a recurring payment or a one-time payment, we make paying your bills hassle free. Schedule payments to companies and people, or securely move money between your accounts.
Ease of Use
Check balances & transactions
Give yourself the confidence that comes from knowing exactly where your finances stand by getting a look at all your accounts. View real-time balances, transaction history, and recent and pending transactions.
Instant Balance
Enable Instant Balance to securely preview your balance without logging in.
Safety & Security
Approvals
Approvals are at the heart of our Business Banking App and are essential tool that helps protect your business against fraud. Approvals that have been set-up within our desktop site carry over to your mobile device. Authorized users have the ability to approve payments and ACH transactions, wherever they are and whenever it’s convenient. Approvals offer control over large transfers of money, help identify suspicious activity, and can stop fraudulent transactions before they ever happen. If you have transactions waiting for your approval and have activated your push alerts, you'll even see an alert right on your home screen.
Secure Login
Logging in from your mobile device is simple and very secure. In fact, our mobile login uses the same multi-layer security that’s used as if you’re logging in from your desktop computer. We confirm your credentials along with the device you are using. You can also securely sign in with Touch ID® and Fingerprint Authentication.
Bank 24/7… anytime, anywhere!
Search for FBOL Business mobile app in the Apple Store or Google Play.
Calling All Business Owners: First Bank of the Lake is Here For You!
When you bank with First Bank of the Lake you will enjoy our kind customer service and quick responses! You should get more out of your bank if you're not currently satisfied, so if you're a business owner looking for new banks to partner with, give us a call today. We'd be happy to answer any questions you may have. We can be reached at the phone number listed below. You can also stay up to date on what we're doing by following us on our social media channels listed below.
Member FDIC.
4558 Osage Beach Parkway
Suite 100
Osage Beach, MO 65065
(573) 348-2265
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