Checking

The right business checking and IOLTA accounts can minimize your costs and maximize your time. With Marine Bank, you will enjoy a convenient branch network, maintain secure online account access, and have peace of mind knowing that we are constantly watching out for your bottom line.

Account Name Small Business Classic Interest Bearing Non Profit Commercial Commercial Sweep
Required Opening Balance $100 $100 $100 $100 $100 $100
Monthly Fee $0 $15 $7.50 $0 $10 $30
Balance to Avoid Fee n/a $15,000 $7,500 n/a Analyzed Analyzed
Free Items/Month 200 400 100 500 Analyzed Analyzed
Charge per Item After $0.35 $0.35 $0.45 $0.35 Analyzed Analyzed
Earns Interest? No No Yes No No Yes

Required Account Opening Documents

  • Employer Identification Number (EIN) or Taxpayer Identification Number (TIN). Sole proprietors may use their Social Security Number.
  • Articles of Incorporation, Articles of Organization, charter, or a similar legal document showing when your company was formed. Sole proprietors need an Assumed Name (Doing Business As) Certificate from their county. Business partners need a partnership agreement listing the name of the partnership and all partners.
  • A government-issued photo ID and Social Security Number for anyone authorized to sign checks or conduct transactions on behalf of the organization.

IOLTA Accounts
Interest on Lawyer Trust Accounts (IOLTAs) are limited to attorneys and law firms that maintain escrow funds for multiple clients. All IOLTA funds are pooled, and the interest earned, less any permitted service fees, is used by the State of Illinois to fund legal expenses for residents who cannot afford them and other justice-related projects taken on by the state IOLTA board. Marine Bank IOLTAs feature:

  • No minimum balance
  • No monthly fee
  • Unlimited free monthly transactions

In accordance with the requirements of the Unlawful Internet Gambling Enforcement Act of 2006 and Federal Regulation GG, this notification is to inform you that restricted transactions are prohibited from being processed through your account relationship with Marine Bank. Restricted transactions are those in which a person accepts credit, funds, instruments, or other proceeds from another person in connection with unlawful Internet gambling.


  • Nick Oehmke
    noehmke@ibankmarine.com
    217.726.0602
    Call Nick anytime for a free consultation about how Marine Bank can provide financial solutions tailored to your business. noehmke@ibankmarine.com 217.726.0602

Digital Banking

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