Please beware of fraudulent / scam text messages, emails or phone calls regarding your debit card or bank account.
Always call the bank at 815-264-3201 or our debit card provider Shazam at 866-508-2693 to confirm.

Waterman Business Checking

Business Checking
that works for you

Earn .50% on your business checking

Earn .50% APY*

Get more for your money and earn more than 8x the national average.

$0 Monthly Fees

No monthly maintenance or minimum balance fees. Your money stays with you.

24/7 Online Banking

With 24/7 mobile banking and fee free ATMs, you'll always have access to your money.

Business Checking Benefits

EMV Chip - Debit Cards

Your Waterman Business debit card comes with chip enabled security and gives you access to your money 24/7.

Mobile Deposit

With two snaps and a few clicks, use your smartphone to deposit checks from virtually anywhere.

Fee Free ATMs

Access to 37,000 ATMs Nationwide. There is no surcharge or fees to use our ATMs across the United States.

More $0 Fee Transactions

$0 ACH Fees, Fee-Free Transfers,
and $0 Incoming Wires

Unlimited Transactions

No limits on your business make
deposits or payments the way you want.

Online Bill Pay

The convenience of sending one time or recurring electronic payments to vendors.

Additional Features

Business Checking

Waterman Bank is a member of the Federal Insurance Corporation (FDIC). The FDIC protects your Waterman Bank deposits up to $250,000 per depositor for each qualifying account ownership category. This means your money is 100% protected up to the FDIC limits. Learn more about FDIC coverage here.

The Waterman Business Checking account gives you the ability to request a checkbook, and flexibility to write checks when you need it.

Online banking is great but sometimes you need help from a live person, stop by one of our locations or give us a call over the phone, someone is standing by ready to help.

Waterman Business Checking

No Fees,
More Breeze.

We have no fees per deposit, per check paid, and per ACH Debit or Credit. With Waterman Bank, no fees makes live more of a breeze. 

Each Waterman Business Checking Account comes with a Free ATM debit card for your convieniece. Use this ATM card at any of our 37,000 ATM locations partnered with MoneyPass®.  

Bank from Anywhere with
Waterman Bank Mobile

A full-service bank at your fingertips.

Bill Pay

Manage your bills setup one time or recurring payments, pay monthly items like utilities, credit card or cable.

Transfer Between Accounts

Set up automatic monthly transfers, easily move money from checking to savings.

Mobile Deposit

With two snaps and a few clicks, use your smartphone to deposit checks from virtually anywhere.

View Account
History

Our mobile app makes it simple to stay on top of your transactions on the go.

Set Account
Alerts

Setup alerts and get notified for specific details on your balances and transaction.

Security and
Convenience

Face ID & Fingerprint Authentication

Learn more about our
Waterman Bank Mobile App here.

Learn more about our
Waterman Bank Mobile App here.

FAQ

Most frequent questions and answers for Waterman Business Checking

Yes, you can deposit cash at any of our bank locations or select ATM locations. Use our ATM locator to search for Deposit Taking ATMs by selecting “Search Options” and selecting only “Deposit-Taking ATM’s”

You can access your account, make payments, or move your money with online banking through our website or through the Waterman Mobile app. You can also:

  • Use your debit card for purchases and payments
  • Make payments using online Bill Pay
  • Get cash when you shop at select stores with your debit card
  • Request a wire transfer
  • Request a cashier’s check
  • Transfer money between accounts
  • Get cash using our surcharge free network of ATMs

Yes, if you requested and signed for a debit card or checks your debit card will arrive by U.S. Mail in approximately 14 business days. Your initial check order will arrive in approximately 21 days after your account is opened and the order is placed. Please call us at 815-264-3201 if you do not receive your debit cards or checks or if you have any questions.

You can manage your money through online banking through the Waterman Bank Mobile app or through our website. You may also visit one of our branches if that is more convenient for you. Keep in mind that you’ll have access to 37,000 surcharge free ATM locations nationwide.

No. We do require a $50 deposit to open up an account.

There are no monthly maintenance or minimum balance charge on your account. There will be a monthly (charge or fee) of $3 if you opt out of e-statements or are requesting a paper statement instead of an e-statement. Please see out full fee schedule and disclosures for detailed information.

  • Transfer money online or by phone between Waterman Bank accounts
  • Deposit a check with by mobile deposit using the Waterman Bank Mobile app
  • Sign up for direct deposit with your employer or for your Social Security deposits
  • Wire transfer
  • Send us a check by U.S. mail (Please don’t send cash)
  • Transfer money between external accounts using Bill Pay
  • Make a cash or check deposit at a Waterman branch or cash deposit taking ATM

You can download the “Waterman Mobile Consumer” mobile app through the Apple App  or Google Play Store. Click here for more information and a direct link to download for either platform.

Yes. You can assign individuals as Payable on Death beneficiaries, which means while you’re alive the beneficiaries won’t have access to anything in the account. There are certain situations where beneficiaries are handled differently, like when dealing with a Joint with Survivorship accounts or Trust accounts when the Trustee is controlling the funds for another party. Assigning beneficiaries can give you peace of mind and can result in increased FDIC coverage for your accounts up to the legal allowable limits. For additional questions or concerns, contact us at 815-264-3201 or info@watermanbank.com.

Yes, your account is insured with FDIC insurance up to the allowable limits.

Waterman Bank is here to help.

At Waterman we believe in serving all the people in our communities, understanding your needs and finding the right solutions to meet them. Whether your goals are big or small we are only a phone call or email away, we’re here to help.