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Bank of Illinois - A locally owned and operated bank.
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Main Office Hours      
200 W. College Ave
Normal, Illinois
309 452-1186
 
Cub Foods Branch Hours      
403 N.Veterans Pkwy
Bloomington, Illinois
309 664-5542
 


      Business Accounts
 

       Regular Business Account


 

Monthly Maintenance and Transaction Fees are based on activity.  Minimum opening deposit is $100.

Optional Analysis pricing available upon request and Bank approval.

Earnings Credit

*Credit Earnings Allowance is to help offset service charges.  *No Credit Earning Allowance calculated if balance is less than $5000.


Description Fee
Monthly Maintenance  
 0 to 49 items $7.50 
 50 or more items $10.00 
Per Transaction Charge  
 Check written or debit posted .17 
 Local item deposited .10 
 Non-local item deposited .12 


       Business Now Account

Your account will earn interest and be credited monthly on the total collected balance.

Your monthly maintenance fee  ranges from $7.50 - $10.50. Your service fees are based on your account activity.

This account is available only to sole proprietorships and non-profit organizations. 

 
 
Description Fee
Monthly Maintenance  
 0 to 49 items $7.50 
 50 or more items $10.00 
Per Transaction Charge  
 Check written or debit posted .17 
 Local item deposited .10 
 Non-local item deposited .12 

  *Minimum opening deposit is $100.
   Optional analysis pricing available upon request and bank approval.


       Business Savings Account

The interest will be compounded quarterly and credited to your account quarterly. Minimum opening deposit requirement of $100.00.

$1 monthly service charge if your balance falls below $100 any time during the month.

There is a transaction fee of $1 per withdrawal, ACH or ATM Card after your 3 free per month has been reached.  You may make 6 interbank transfers from your account per month, but only 3 may be by withdrawal, ACH or ATM Card.

 

       Business Money Market

  Variable interest for your account will be compounded and credited to your account monthly based upon the following four tiers:


Tier

Balance

  APY*
Interest
Rate
1  0 to $4,999 1.25   1.24  
2  $5,000 to $9,999 1.50   1.49  
3  $10,000 to $24,999 2.00   1.98  
4  $25,000 to $49,999 2.25   2.23  
5  $50,000 to $99,999 2.50   2.48  
6  $100,000 and above 2.75   2.72  
*Annual Percentage Yield (APY)

  Minimum opening deposit requirement of 1,000.00.

  $10 monthly service fee if your balance drops below $5000 at any time during the statement cycle.

  You may make 6 transfers from your account, but only 3 may be by check or authorized debit.  There will be a $15 charge for each item thereafter.  You may make unlimited withdrawals in person.

       VIP Check Card

  The Very Intelligent Plastic for a Very Important Person.

  "The VIP Card that Works Like A Check".

  The VIP Check Card is accepted at every business that displays the VISA Logo, Worldwide.

  The initial fee for your VIP Check Card is only $5, same as an ATM Card, but with twice the value.  Unlike other cards that are priced by the number of transactions you do per month, maintenance fee for our VIP CheckCard is simply $1.50 per month.

 

GET YOUR VIP CARD TODAY!


       Safe Deposit Box


 

We have several different sizes of safe deposit boxes to protect your valuable items. 

For your convenience, we can automatically debit your Bank of Illinois account to pay your annual safe deposit box fee.

 
Box Size Annual Fee
 3 x 5 x 24" $20 
 3 x 10 x 24" $25 
 5 x 10 x 24" $45 
 6 x 10 x 24" $60 
 9 x 10 x 24" $70 
 10 x 10 x 24" $90 
 Drill Safe Deposit Box $50 
 Lost Key Replacement $10 

       Merchant Cards & Services


We offer Elan Merchant Visa/Mastercard credit card processing.

  Business competitive rates for electronic and ARU processing.

Equipment leasing and purchasing programs are available.

 

 

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