Business Checking Accounts
|Product Features||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|
1Earnings 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.