It's a business checking, savings, and money market account combined into one business bank account that pays a higher rate than most business savings and money market accounts and has similar money access as traditional business checking accounts.

Very little. The Battle Business High Yield Cash Account is created for businesses to enjoy the benefits of a traditional business checking account, but your cash balances come with an annual percentage yield (APY). That means your cash balances earn interest and are paid to your business rather than the bank adding that to their bottom line. 

No. We will request documentation to verify your EIN, Articles of Incorporation and/or operating agreement, however, there is no credit check required. 

It's easy.  All you need is your business’s EIN (employer identification number). In some cases, we may ask for additional business documentation such as the Articles of Incorporation, or Operating Agreement. 

No. There is no minimum to open the account. However, in order to avoid a $5 monthly fee, you will need to maintain a $5,000 average daily balance in your Cash Account.

Keeping your personal and business finances is considered best practice, so it’s a good idea to separate accounts for each.

Yes, our mobile app allows mobile check deposits for business owners. If your business receives a large number of checks on a monthly basis, and you need a different deposit solution, please call a Business Banking Specialist at 855.922.8853 (BATTLE).

Yes.

Our suite of business banking solutions includes the Business High Yield Cash Account and comes with all the capabilities your business needs.  You will enjoy one of the highest yields in the industry for every dollar in deposit, mobile check deposit, and free transfers.  Additionally, we provide businesses access to 20 different foreign currencies to diversify out of the U.S. dollar and access to buying and selling precious metals such as gold, silver, platinum, or palladium. 

Yes. Battle Bank is committed to offering some of the highest yields in the industry on every dollar in your Business Cash Account.

We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Link to our fee schedule. There are no minimum balances to open the Cash Account.  However, to avoid a $5 monthly fee, you must maintain an average monthly of at least $5,000.

Yes, Battle Bank is insured by the FDIC. 

The following industries are ineligible for opening accounts with Battle Bank:

• Illegal gambling
• Pornography and paraphernalia
• Firearms and paraphernalia
• Illegal substances
• Other controlled substances (including medicinal marijuana, marijuana, cannabis, and hemp) and paraphernalia
• Penny auction companies and bulk exchanges of virtual currency (e.g., cryptocurrency)
• Political campaigns

You can send and receive money through electronic fund transfers to and from external accounts, via online bill pay, or via wire transfer using our secure banking portal or mobile app.  And you can do all of this from the comfort of your home, office or on the go. 

If you receive cash for your business, our recommendation is to maintain a checking account at a local bank. Then, deposit your cash and log into online banking and transfer those funds from the external account to your Business Cash Account take advantage of the high yield and additional services.

Yes. U.S. and Canadian businesses are eligible to open a Business High Yield Cash Account with Battle Bank.