Business Checking

 

 

FREE BUSINESS
CHECKING

TRADITIONAL        BUSINESS
CHECKING A

BUSINESS INTEREST
CHECKING A

(Sole Proprietorships and Nonprofits Only)

BUSINESS ANALYSIS
CHECKING

Check Writing and
Other Transactions

50 FREE transactions per month (After 50, then $.50 per transaction. Includes deposits, withdrawals and ATM/debit card transactions.)

150 FREE transactions per month (After 150, then $.50 per transaction. Includes deposits, withdrawals and ATM/debit card transactions.)

150 FREE transactions per month (After 150, then $.50 per transaction. Includes deposits items within deposits, withdrawals and ATM/debit card transactions.)

Unlimited (Fees may be offset by earnings credit.)

Statements

e-Statements1

e-Statements1

e-Statements1

e-Statements1

ATM/Visa CheckCard
(Subject to Credit Approval)

FREEC

FREEC

FREEC

FREEC

Online and
Mobile Banking

FREE2

FREE2

FREE2

FREE2

Bill Pay

FREE3 (Some restrictions apply.)

FREE3 (Some restrictions apply.)

FREE3 (Some restrictions apply.)

FREE3 (Some restrictions apply.)

Overdraft Advantage

$500 after first
30 days4

$500 after first
30 days4

$500 after first
30 days4

$500 after first
30 days4

Minimum Opening Balance

$50

$100

$1,000

$100

Maintenance Fee

$0

$7.95
(Waived for first
statement cycle.)

$9.95
(Waived for first
statement cycle.)

$9.95

Minimum Daily Balance to Avoid Maintenance Fee

N/A

$1,000

$2,500
(If daily balance falls below this amount, no interest is accrued for that day.)

Based on account analysis

Interest Computing and Crediting Method

N/A

N/A

Daily balance method on collected balances. Interest credited monthly.

N/A

Cash Management Options

N/A

N/A

N/A

Positive Pay $60 ACH Services $50 Wire Transfers $15 Sub-User $1.50 Balance Reporting - FREE

ACCOUNT ANALYSIS WORKSHEET
For "Business Checking"

Click here or use the worksheet below to estimate the monthly Activity S/C for your commercial account:


A) EARNINGS CREDIT ON INVESTABLE BALANCE

    90% of your Average Collected Balance..............................................................$____________
    Multiply by our 90-day T-Bill Rate (See a personal banker for the T-Bill Rate)..........%___________
    Equals the Annualized Earnings Credit................................................................$____________
    Divide by 12....................................................................................................$____________
    Total Earnings Credit........................................................................................$____________

B) MONTHLY FEES

    Monthly Maintenance Fee...................................................................................$___________
    Number of debits................................................................................x $0.15 = $___________
    Number of deposits.............................................................................x $0.25 = $___________
    Number of items you deposit................................................................x $0.10 = $___________
    Total Monthly Fees.............................................................................................$___________

C) ACTIVITY S/C

    Subtract Total Earnings Credit (A)..........................................................................$___________
    from Total Monthly Fees (B).................................................................................$___________
    Monthly Activity S/C.............................................................................................$___________

1 e-Statements require online banking. Otherwise, you will receive Image Statements for $3.
2 Sign up for online banking and Bill Pay at www.traditionbank.com. Mobile banking requires online access.
3 Minimum of 5 bills paid per month otherwise $5.95 per month after the first 90 days.
4 Overdraft Advantage program requires 'eligible' accounts. Everyday overdraft ATM/debit card transactions require opting-in. $30 overdraft fee per item paid.

A To avoid the Maintenance Fee, you must maintain a balance at or above the minimum daily balance required every day of the cycle.
B By Federal Law, savings accounts are limited to 6 withdrawals/transfers per cycle by pre-authorized or automatic transfer, telephone (including data transmission) agreement/order/instruction, check, draft, debit card or similar order (including POS transactions). Excessive transactions are subject to fees and may result in account closure or conversion.
C • VISA CheckCards available subject to credit approval.
   • No charge for using Tradition Bank ATMs or Select ATM members.
   • Visit www.selectatm.com for member ATM locations.
   • ATM card and VISA CheckCard are not supported outside the U.S.


Free 24-Hr Bankline for all accounts
 1-855-564-3600

 

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