Checking Accounts

A primary mission of Colombo Bank is to assist in the growth and prosperity of your business. No matter how large or small, your business can benefit from the resources of a community bank that understands the challenge of starting or growing your organization.

Business Checking

The Business Checking Account is established to provide the efficient and accurate management of funds on a daily basis. 

• A monthly consolidated statement detailing the balances and activity of your commercial checking account along with images of all checks and deposit slips will be provided.
• With Commercial Checking, you will receive a monthly earnings credit allowance computed on the average collected balances. Some fees can be offset by the earnings credit allowance.
• There is a monthly maintenance fee which is put through account analysis.
• For further information please contact or visit your local Colombo Bank Branch Representative.

Small Business Checking

The Small Business Checking Account is perfect for those commercial customers who have a lower volume of activity. 

• A monthly consolidated statement detailing the balances and activity of your small business checking account along with images of all checks and deposit slips will be provided.
• Contact or visit your local Colombo Bank Branch Representative for a current Service Fee Schedule.

Commercial NOW

This account is for Sole-Proprietorships, Non-Profit Organizations, Unincorporated Professionals and other Individuals needing an account for business purposes. 

• A monthly consolidated statement detailing the balances and activity of your Commercial NOW account along with images of all checks and deposit slips will be provided.
• Interest will compound monthly and be paid monthly on the average daily balance in your account. Click here for current rates and yields.
• Contact or visit your local Colombo Bank Branch Representative for a current Service Fee Schedule.

Interest on Lawyer's Trust Account (IOLTA)

This special account is for lawyers participating in the IOLTA program. The account allows attorneys to hold small escrow funds in an interest-bearing checking account. Interest earned on the account is sent to the Maryland Legal Services Corporation. 

• A monthly consolidated statement detailing the balances and activity of your Commercial NOW account along with images of all checks and deposit slips.
• Interest will be compounded monthly and will be credited to the account monthly. Click here for current rates and yields.

Click here for an account application. Bring the completed application to the branch location nearest you to expedite your account opening experience.