1240 8th Avenue Marion IA 52302319-377-4891
From small businesses to established corporations, FSB provides checking accounts designed to meet your unique needs. Our small business checking accounts offer low fees, free transactions and digital banking tools. Open an account today!
Find the right account for your transaction volume, balance and business needs with help from a local FSB business banker.
Basic Business Checking
For businesses processing under 100 transactions per month.
Business Checking
For businesses processing 100–200 transactions per month.
Business Checking Plus
For sole proprietors and nonprofit entities looking to earn interest.
Commercial Checking
For businesses processing 200 or more transactions per month.
Community Checking
For qualified nonprofit and community organizations looking for additional benefits.
Connect with a local FSB banker to find the right fit for your business.
All business checking accounts offer:
Receive a contactless debit card instantly at account opening.
Receive assistance from the local FSB support team.
Follow these steps to open a business checking account that fits your transaction volume and banking needs.
Level up your cash flow and payment processes with these powerful business services:
Send direct deposits, vendor payments and other electronic transactions securely. Learn more ›
Send money securely with same-day processing. Learn more ›
Deposit checks from your office using a desktop scanner. Learn more ›
Protect your business with tools like Positive Pay and ACH filter services. Learn more ›
I’ve been banking with FSB for over 20 years. I appreciate the way their employees know my name. It’s great to hear ‘Hi, Patty’ when I reach the drive-up window. It feels like coming home each time!- Patty W.
Opening the right account is one of the most important steps in managing your business finances and protecting your liability. Whether you are a solo entrepreneur or a growing corporation, our team can help you review the requirements and choose an account that fits your goals.
At Farmers State Bank, the best account for an LLC typically depends on your monthly transaction volume.
For New or Small LLCs: Our Basic Business Checking is ideal if you process under 100 transactions per month. It keeps overhead low with a manageable $500 minimum balance to waive the monthly fee.
For Growing LLCs: If your business is scaling and handling between 100 and 200 transactions, the standard Business Checking account provides the necessary headroom while maintaining the same $100 initial deposit requirement.
See our full guide to LLC Business Checking Accounts in Iowa for account details, opening requirements, and FAQs.
For most small businesses, the Basic Business Checking account is the premier choice. It is designed specifically for those who need a straightforward, reliable tool for daily operations without paying for "extra" volume they don't yet use.
If your small business is a non-profit or community-based organization, our Community Checking offers up to 300 free transactions and no monthly fee.
A Sole Proprietorship often benefits most from Business Checking Plus.
Earn More On Your Deposits: This account allows you to earn interest on your balance, which is a great way for a single-owner business to make their liquid capital work harder.
Transaction Flexibility: It covers up to 200 transactions, which is usually more than enough for most independent contractors and sole proprietors.
Partnerships often involve more complex cash flows and higher transaction volumes. We recommend the Business Checking account. It strikes a balance between cost-efficiency and volume, allowing for 200 transactions per month. This ensures both partners have the flexibility to manage payables and receivables without hitting transaction caps quickly.
For Corporations, which typically manage higher volumes of capital and frequent payments, the Commercial Checking account is often the most strategic fit.
High Volume: Designed for businesses processing over 200 monthly transactions.
Earnings Credit: While there is a $10 monthly fee, these accounts often utilize "per analysis" pricing, which can be offset by an earnings credit based on your average collected balance.
To ensure a smooth account opening process at FSB, please have the following information and documentation ready for your banker:
Tax Identification: Your Business's EIN (Employer Identification Number) or Tax ID Number.
Legal Formation Documents: Official paperwork proving your business registration (such as Articles of Organization or Incorporation).
Authorized Signer Information: A valid Photo ID and Social Security Number (SSN) for all authorized individuals on the account.
We make starting your business banking relationship simple with a consistent opening deposit requirement across our account lineup.
| Account Type | Minimum Opening Deposit |
|---|---|
| Basic Business Checking | $100 |
| Business Checking | $100 |
| Business Checking Plus | $100 |
| Commercial Checking | $100 |
| Community Checking | $100 |
You can open an account at any Farmers State Bank branch. We have convenient locations in Alburnett, Cedar Rapids (NW & SW), Hiawatha, Marion, and Tiffin to serve your business needs.
Local business banking with in-house decisions, no matter where your business operates.
Linn County
Multiple branch locations serving Cedar Rapids businesses on Edgewood Road, Van Buren, and surrounding neighborhoods.
Linn County
FSB's main Marion branch and Collins Road Square location serve Marion businesses with full-service business banking.
Linn County
A dedicated Hiawatha branch serving local businesses with the same local expertise and in-house decisions.
Linn County
FSB's Alburnett branch has served Alburnett businesses since 1927, making it one of the longest-standing community banking relationships in Linn County.
Johnson County
FSB's Tiffin branch opened in 2021 to serve one of Iowa's fastest-growing communities with full business banking services.
Don't See Your City?
Not sure if FSB serves your area? Contact a local business banker and we will find the right fit for your business.
All seven FSB branches offer the same business checking accounts, local support, and in-house decisions. No matter where your business operates in Eastern Iowa, you get the same FSB experience.
Complete the short form and a business banker will contact you to finalize your account opening and answer any questions.
We’re Iowa’s Faster. Stronger. Better.® community bank, locally owned, family operated, and dedicated to providing the financial foundation Eastern Iowa business owners need to thrive. We believe that when our local businesses succeed, our entire community grows stronger.
With over 95 years of experience serving the Cedar Rapids, Marion, and Iowa City areas, our team understands the unique landscape of the local market. Because we make our decisions right here in Eastern Iowa, we can offer the flexibility, in-house underwriting, and clear communication you need to move your business forward. Whether you are just starting your first LLC or managing a large-scale corporation, we are committed to being the partner that helps you scale.
If you’re ready to grow, we’re ready to help.
