Bank with Purpose

Open an Account Today!

Open a checking account with your coupon by 04/15/2026.

How it Works

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Tell us about yourself

Fill out our short online form or stop by any Ponce Bank branch.
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Bank Securely, Earn More, and Create Impact

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Earn More on Your Savings

Open your high yield certificate of deposit through our all-digital platform. We pass our operational savings on to you with great rates, helping you reach your financial goals faster.
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Bank with Confidence and Ease

Apply for your account in minutes, 24/7. Your deposits are fully FDIC insured up to the legal limit, giving you peace of mind while you manage your money securely from anywhere.
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Fund Change in Your Community

Your deposits do more at Ponce Bank. You directly support small business lending, affordable housing, and financial education in the communities that need it most.
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Streamline Your Operations with Powerful Tools

Integrate your Ponce Bank business checking account with
services designed to save you time and protect your bottom line.

Frequently Asked Questions

A dedicated business checking account separates your personal and business finances, which simplifies tax preparation and adds credibility to your company. It provides a clear record of your income and expenses, helping you manage cash flow and make professional payments with a business debit card.
Our Simply Free Business Checking account is designed for community entrepreneurs. You get the essential tools to manage your money with no monthly service charges or minimum balance fees. Banking with us means your deposits also help fund small business loans and opportunities in local neighborhoods.
To open a business checking account, you will generally need your personal identification and your business's formation documents, such as your EIN (Employer Identification Number) and registration details. The online application guides you through the specific requirements to get you started in minutes.
Every Ponce Bank business checking account includes free digital tools to streamline your finances. You can use free online bill pay to schedule payments, manage payroll services, and use your business debit card for daily expenses, giving you more control over your company's cash flow.
Yes. As a community development bank, we specialize in providing access to credit for small businesses. Having a business checking account with us establishes a relationship, which can simplify the process when you apply for small business loans to fund your company's growth.

Important Information

APYs effective as of January 22, 2026. Products, services, terms and conditions subject to change without notice. All loans subject to credit approval.
1 Service Fee: Total Checking has $0 Monthly Service Fee when you have any ONE of the following during each statement period: Option #1: $500+ in qualifying electronic deposits; OR, Option #2: $1,500+ balance at the beginning of each day; OR, Option #3: $5,000+ average beginning day balance in this account, or in combination with any linked qualifying personal deposits or investments; OR, Option #4: Link this account to a qualifying checking account. Otherwise a $15 Monthly Service Fee will apply.

2 If the Business Interest account exceeds 1,000 free monthly transaction items, the account may be converted to another checking product. If the Business Interest account exceeds $10,000 in monthly coin and currency deposits, the account may be converted to another checking product. Minimum opening deposit is only $50. Ask us for details. Bank rules and regulations apply. Other fees such as non-sufficient funds, overdraft, sustained overdraft fees, etc. may apply. See business schedule of fees for details. Transaction items include all debits and credits.

3 Minimum opening deposit is only $50. Ask us for details. Bank rules and regulations apply. Other fees such as non-sufficient funds, overdraft, sustained overdraft fees, etc. may apply. See business schedule of fees for details. Transaction items include all debits and credits.

Bank with a CDFI.

We earned the Community Development Financial Institution (CDFI) distinction from the US Department of the Treasury, certifying our role as a dedicated investor in underbanked communities. This is more than a label; it’s a promise.

CDFIs Reinvest Locally

CDFIs use customer deposits to make loans that support local small businesses and finance the dream of homeownership. By lending your dollars here, we help our neighbors grow and prosper. Banking with Ponce Bank means you are putting money right back into your own neighborhood.

CDFIs Advance Social Justice

Born from the Community Reinvestment Act of 1977, CDFIs were created to combat the systematic disenfranchisement of people based on race, origin, or zip code. We work to correct inequalities in banking and promote fair economic development for all.

CDFIs Are Accountable

To maintain our certification, CDFIs are mandated and monitored to dedicate at least 60% of lending to LMI communities. In 2023, Ponce Bank easily surpassed this, with 75% of the dollars we loaned invested directly in these designated communities.