Business Banking
BASIC CHECKING ACCOUNT
Our Basic Checking Account is a non-interest bearing account with an easy to balance monthly statement with no images of checks and deposits. This basic checking account provides you with unlimited check writing privileges and little or no monthly service fees.
Minimum balance to open – The minimum balance required to open this account is $300.00.
Minimum balance to avoid a fee – If, during any month, your average daily balance falls below $300.00, your account will be subject to a $3.00 Service Charge for that month. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.
Deposit limitations – You may make an unlimited number of deposits into your account.
Additional Terms – The following additional terms apply to this account:
- Limits and Fees Disclosure.
- Non-interest bearing account.
- No per check charge.
- Unlimited check writing.
- A monthly statement with NO images of checks and deposits will be rendered on the 23rd of the month and mailed the following business day.
- A $1.00 fee is applied for a remake of a requested check or deposit image.
- A $5.00 fee is applied for a remake of a statement with images of checks and deposits.
PREMIER CHECKING ACCOUNT
Our Premier Checking Account is a non-interest bearing account with an easy to balance monthly statement with images of checks and deposits. This Premier account provides you with unlimited check writing privileges and little or no monthly service fees.
Minimum balance to avoid a fee – If, during any month, your average daily balance falls below $1,000.00, your account will be subject to a $3.00 Service Charge for that month. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.
Deposit limitations – You may make an unlimited number of deposits into your account.
Additional Terms – The following additional terms apply to this account:
- Limits and Fees Disclosure.
- No minimum opening deposit.
- Non-interest bearing account.
- No per check charge.
- Unlimited check writing.
- A monthly statement WITH images of checks and deposits will be rendered on the 15th or last day of the month and mailed the following business day.
- A $5.00 fee is applied for a remake of statement with image of checks and deposits.
SUPER NOW CHECKING ACCOUNT
Our Super Now Checking Account is an interest bearing account with an easy to balance monthly statement with images of checks and deposits. This Super Now Account provides you with unlimited check writing privileges.
Rate information – The interest rate and annual percentage yield may change at any time.
Compounding frequency – Interest will be compounded monthly.
Crediting frequency – Interest will be credited into this account monthly.
Average daily balance computation method – Interest is calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use to make this calculation is monthly.
Accrual of interest on noncash deposits – Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to avoid Service Charge – If your average daily balance is less than:
- $500.00 the account will be service charged $5.00 per month
- $1,000.00 the account will be service charged $3.00 per month
- $1,500.00 the account will be service charged $2.00 per month
If your average daily balance is $1,500.00 or above, there will be no monthly service charge.
Deposit limitations – You may make an unlimited number of deposits into your account.
Additional Terms – The following additional terms apply to this account:
- Limits and Fees Disclosure.
- No per check charge.
- Unlimited check writing.
- A monthly statement WITH images of checks and deposits will be rendered on the 15th or the last day of the month and mailed the following business day.
- A $5.00 fee is applied for a remake of statement with image of checks and deposits.
