Biz Rite Checking IBC Bank offers Business clients Biz Rite Checking, a checking account for small businesses, clubs and non-profit organizations.
Business Biz Rite Checking OverviewChecking Process Header
Easy to Get Started
Opening deposit of only $100
Flexibility to Process up to 250 FREE Items per Month
Stay Organized With Images of Cleared Checks With FREE Imaged eStatements
Easy Access to Working Capital With IBC's Available Business Line of Credit
Account Requirements and Service Fees:
- Not available to companies with significant currency or coin volume
- Items above 250 are $0.50 each, regardless of daily balance
- Cash Handling Fees - $0.08 per $100 deposited in cash over $3,000
- Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006 - The UIGEA, signed into law in 2006, prohibits any person engaged in the business of betting or wagering (as defined in the Act) from knowingly accepting payments in connection with the participation of another person in unlawful internet gambling. The Dept of Treasury and the Federal Reserve Board have issued a joint final rule, Regulation GG, to implement this Act. As defined in Regulation GG, Unlawful Internet Gambling means to "place, receive or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received or otherwise made". As a commercial customer of IBC/Commerce Bank, these restricted transactions are prohibited from being processed through your account or banking relationship with us. If you do engage in an Internet gambling business and open a new account with us, we will ask that you provide evidence of your legal capacity to do so.
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