Business Checking
Business Analysis Checking
Business checking for accounts with more than 100 deposit items per month. Your monthly service charge is based on an account analysis which takes into consideration the combination of account activity and the balance maintained. Your average collected balance will earn a credit and the activity costs will be deducted from it. The earnings credit is calculated at the 91-day Treasury Bill rate based upon the average collected balance (after a 10% reserve requirement). If the earnings credit exceeds the activity costs, there is no service charge. Accounts with average monthly uncollected balances will be charged interest at current lending rates on those uncollected balances.
| Monthly service charge | $5.00 | ||
| Debit items (checks) | $0.15 | ||
| Credit items (deposits) | $0.10 | ||
| Items deposited | |||
| On Us | $0.05 | ||
| Transit | $0.07 | ||
| Returned items | $5.00 |
Business Free Checking
- Opening deposit $25.00
- No service charge
- No minimum balance
Business Free Plus Checking
- Opening deposit $25.00
- No service charge
- No minimum balance
- A $5 per statement cycle service charge applies to receive your statement item images
Business 300 Checking
- Opening deposit $300
- Images of canceled checks returned monthly
- $5 service charge if daily balance falls below $300
Business Preferred Checking
- Opening deposit $1,000
- Images of canceled checks returned monthly
- Variable rate of interest paid monthly
- $10 service charge if daily balance falls below $1,000
Business Services Available
- Free Internet Banking and Bill Pay
- Business savings accounts
- Lines of credit
- Letters of credit
- Inventory and receivable financing
- Equipment financing
- Commercial real estate loans
- SBA loans
- Business/merchant credit card services
- ACH services
