Business Checking Accounts
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|Small Business Checking||Commercial Checking||Business Money Market|
|Designed to Benefit||Businesses that maintain a low average balance and have limited or minimal transactions.||Businesses that want unlimited account access, maintain a substantial monthly balance and a high number of transactions.||Businesses that want to save their excess funds in a High Yield Money Market account.|
|Monthly Maintenance Fees||$2,000 monthly average balance required to avoid the $10 monthly service charge. $2,000 and over = None $1,000 – $1,999 = $6 $500 – $999 = $8 $1 – $499 = $10||$10||$2,500 minimum balance–or– $10,000 average balance to avoid a $10.00 monthly service charge.|
|Transaction Fees||First 100 checks and debits are free. All deposited foreign items are .06¢ each.||Checks are .16¢ each, Deposits are .20¢ each, and all Deposited foreign items are .06¢ each.||No charge for the first six (6) withdrawals per month. $5.00 charge for each additional check or withdrawal.3|
|Interest Earned||Not available on this account||Not available on this account||Interest1 is calculated on average balance over $2,500 and is compounded and credited to the account monthly. $2,500 – $9,999 $10,000 – $49,999 $50,000 – $99,999 $100,000 and over|
|Earnings Credit||None||The earnings credit rate1 is based on market rates and applied to the average balance.||None|
|Business Online Banking||Available2||Available2||Available2|
|Cash Management Services||Not available on this account||Available2||Available2|
- 1 Earnings credit and Interest Rates are subject to change after the account is opened.
- 2 See Fee Schedule for pricing.
- 3 Federal regulations allows six (6) transfers or withdrawals from your account per monthly statement cycle, including preauthorized, automatic or telephone transfers.