Business Banking

Municipal Checking Accounts

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At Chemical Bank, we offer a variety of accounts to meet the needs of our commercial customers from checking and money market accounts to cash management programs. Our experienced representatives will help you select the accounts that are best for your business. The features of our business checking accounts can be found by clicking on the following menu items.

The Municipal NOW (Negotiable Order of Withdrawal) is an interest bearing checking account designed especially for cities, counties, schools and other municipal organizations. It combines the earning power of a money market account with the convenience of unlimited check writing.

Benefits of a Municipal NOW Account:

  • Convenience of a checking account while earning interest on the balance
  • Competitive rate of interest based on market conditions
  • The ability to earn interest on your interest, resulting in a higher effective yield
  • Funds are accessible at any time
  • Record keeping is easier because there are no check or per item charges
  • Monthly statement detailing all account activity
  • Easy access to account information with electronic banking
  • Security of knowing that you can place stop payments at any time
  • Ability to make deposits at any time with night deposit service
  • Knowing that your funds are FDIC insured

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