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Business Banking
Business Checking
Comparison of Checking Accounts
| Account | Check Return | Restrictions | Unlimited Check Writing | Balance Requirement | ATM/ Debit | Service Fee |
|---|---|---|---|---|---|---|
| Free Business Checking | Image only | NA | 150 transactions per month | NA | Yes | .50 per item after 150 trans. |
| Business Analysis | Image only | NA | Yes | NA | Yes | $10.00 monthly, .12 Debit Posted,.25 Credit Post, .10 Item deposit. Total monthly fee depended on analysis worksheet. |
| Business Interest | Image only | Sole-proprietorships and Nonprofit Organizations | 150 transactions per month (.50 ea over) | $2,500.00 | Yes | $10.00 |
| Business Money Market | Image only | Limited to 6 w/d per cycle | No | $1,000.00 | No | $10.00 |
Free Business Checking
Account Benefits
- 150 transactions per month ($0.50 over 150)
(includes deposits, items within deposits and withdrawals)- Free Imaged Statements ONLY
- Free ATM/Visa CheckCard (must qualify)*
- Free Online Banking
- Free Bill Pay
- $300 Overdraft Limit (after 30 days; must qualify)
Minimum Opening Balance… $100
Maintenance Fee… $0
Minimum Daily Balance to avoid Maintenance Fee… N/A
Average Monthly Balance to avoid Maintenance Fee… N/A
Interest Computing and Crediting Method… N/ATransaction Limitations, Activity S/C and other conditions
- Cancelled checks not returned with statement
- Bill Pay is free with a minimum of 5 bills paid per month; otherwise $5 per month after the first 90 days.
Business Analysis Checking
Account Benefits
- Free Imaged Statements
Minimum Opening Balance… $500
Maintenance Fee… $10
Minimum Daily Balance to avoid Maintenance Fee… Determined by Account Analysis
Average Monthly Balance to avoid Maintenance Fee…Determined by Account Analysis
Interest Computing and Crediting Method… N/A
Transaction Limitations, Activity S/C and other conditions
- In addition to the monthly maintenance fee of $10, the following per-item fees apply:
- Debit posted $0.12
- Credit posted $0.25
- Item deposited $0.10
Business Interest Checking (sole proprietorships and nonprofits only)
Account Benefits
- 150 transactions per month ($0.50 over 150)
(includes deposits, items within deposits and withdrawals)- Free Imaged Statements
- Free ATM/Visa CheckCard (must qualify)*
- Free Online Banking
- Free Bill Pay
- $300 Overdraft Limit (after 30 days; must qualify)
Minimum Opening Balance… $1,000
Maintenance Fee… $10
Minimum Daily Balance to avoid Maintenance Fee… $2,500
Average Monthly Balance to avoid Maintenance Fee… N/A
Interest Computing and Crediting Method - Daily balance method. Interest credited monthly.
Transaction Limitations, Activity S/C and other conditions
- Bill Pay is free with a minimum of 5 bills paid per month; otherwise $5 per month after the first 90 days.
* VISA Check Cards available subject to credit approval.
