Business Checking Account
- $1,000.00 minimum balance
- No activity or per item fees
- $15.00 monthly fee, if balance falls below $1,000.00
Small Business Checking Account
- No minimum monthly balance
- A combination of the first 100 paid checks, deposits and deposited items per statement cycle are handled at no cost
- A $.25 per item fee will be assessed for any transactions in excess of the first 100 per statement cycle
Commercial Checking Account
- $50 minimum deposit required to open account
- No minimum balance required
- There is a monthly account maintenance fee and activity fees which may be offset by an earnings credit (based on daily collected balance) of 100% of the prior month’s average 91-day T-bill rate.
- Monthly Account maintenance fee: $12
- Checks Paid .15 per item
- Deposit Tickets .10 per item
- Items deposited .12 per item
Business Interest Checking Account
- $100 minimum deposit required to open account
- $100 minimum daily balance required to obtain annual percentage yield
- Interest is compounded daily and credited monthly
- Your interest rate and annual percentage yield may change at any time at our discretion without notice.
- A monthly minimum balance fee of $10 will be assessed if the daily balance falls below $100 any day of the month.
- If you close your account before interest is credited, you will not receive the accrued interest.
Business Step Up Money Market Deposit Account
- $5,000 minimum deposit required to open account.
- If your daily balance is $100 to $4,999, the interest rate wouldbe the Tier I rate.
- If your daily balance is $5,000 to $24,999, the interest rate will be the Tier II rate. If your daily balance is $25,000 or greater, the interest rate will be the Tier III rate.
- Interest is compounded daily and credited monthly.
- We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
- Your interest rate and annual percentage yield may change at any time at our discretion without notice.
- A monthly minimum balance fee of $15 will be assessed if the daily balance falls below $5,000 any day of the month.
- Interest is paid on the full balance in the account that corresponds to that deposit tier.
- If you close your account before interest is credited, you will not receive the accrued interest.
- You may make no more than six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or similar transactions from your account per calendar month or statement cycle.