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Business Regular Checking
$200.00 to open
$500.00 Minimum Balance
Non-interest Bearing Account
$5.00 service charge per month if daily balance requirement is not maintained
and less than 300 items deposited. If more than 300 items deposited, account
will be subject to analysis
Imaged Statement – You receive images of your checks and deposit tickets in a folder provided
free to you.
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Non-Profit Business Checking
$200.00 to open
$250.00 Minimum Balance
Non-interest Bearing Account
$8.00 Monthly Service Fee (if minimum balance is not maintained)
No transaction fees
Imaged Statement – You receive images of your checks and deposit tickets in a folder provided
free to you.
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Business Interest Checking
For Sole-Proprietorships, Non-Profit Organizations, and Public Funded Accounts
$200.00 to open
$1,500.00 Minimum Balance
Variable Rate of Interest, credited and compounded monthly on the daily collected balance
Interest paid on all balances
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Interest Tiers |
|
.01 – 1,499.99 |
| 1,500.00 –
4,999.99 |
| 5,000.00 –
9,999.99 |
| 10,000.00 + |
$15 Monthly Service Fee (if minimum balance is not maintained)
No transaction fees
Imaged Statement – You receive images of your checks and deposit tickets in a folder provided
free to you.
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Business Money Market
$2,500.00 to open
$2,500.00 Minimum Balance
Variable Rate of Interest, credited and compounded monthly on the daily collected balance
Interest paid on balances of $2500.00 and higher
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Interest Tiers |
| 2,500.00 -
9,999.99 |
| 10,000.00 -
24,999.99 |
| 25,000.00 -
49,999.99 |
| 50,000.00 -
99,999.99 |
| 100,000.00 + |
$15 Monthly Service Fee (if minimum balance is not maintained)
No transaction fees
Check writing per MMDA Regulations
Imaged Statement – You receive the images of your checks and deposit tickets in a folder provided free to you.
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Business Sweep Account
Balances exceeding $15,000.00 in a Regular Business Checking Account may be transferred each day to an interest bearing sweep account and transferred back as needed
Variable rate of interest, credited and compounded daily on the collected balance
Interest paid on all balances
Monthly Service Fee will be determined by account analysis
No per transfer fees
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Benefits common to all business products: |
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Imaged Statement including Deposit Tickets
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No fee for verification of deposit
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No fee for currency orders
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No fee for deposit correction
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No fee for night bag processing
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No charge for coin wrappers
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No charge for currency straps
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No charge for 2 vinyl zipper bags
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No charge for 1 locked night deposit bag
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