Business Checking

REGULAR BUSINESS CHECKING

This account serves any business that wants unlimited check writing and no minimum balance requirements. It takes only a $500 initial deposit to open, and you receive imaged copies of your checks in your monthly statement. Service charges are determined by analysis.*

  • Minimum balance to open account - $500.00
  • Monthly service charge - Determined by analysis*

SMALL BUSINESS CHECKING

This account is for businesses with less than 150 total debits, credits, and items deposited per statement cycle. There is a $250 minimum initial deposit, and, imaged copies of your checks are returned in your monthly statement.

  • Minimum balance to open account - $250.00
  • Monthly maintenance fee - $6.00

BUSINESS INTEREST CHECKING

This account is for Sole Proprietors, Non-profit and Government organizations ONLY. There is a $500 minimum initial deposit and there is unlimited check writing. The interest rate is tiered and based on the average available balance. Imaged copies of your checks are returned in your monthly statement. Service charges are determined by analysis.*

  • Minimum balance to open account - $500.00
  • Minimum balance to earn interest - $500.00
  • Service charge - Determined by analysis*

CIVIC CHECKING

This account is designed to help non-profit organizations, such as churches, schools, and civic clubs, get the most use of their money. There is no minimum balance to maintain and no service charges.

INTEREST RATE TIERS
(for all interest bearing accounts)

  • Tier 1 - Up to $4,999.00
  • Tier 2 - $5,000.00 - $19,999.00
  • Tier 3 - $20,000.00 and Up

 

*ANALYSIS ACTIVITY CHARGES


Your account activity and balance determine applicable service charges on your business checking account. A fee is charged only when expenses from services provided are more than the earnings allowance from your account balances. Below is an explanation of how your earnings allowance is calculated.

  • Average available balance less 10% Federal Reserve Requirement equals the average available balance used to calculate your earnings allowance.
  • Earnings credit equals the average for the 90-day Treasury Bill rate.
  • Earnings allowance is divided by 365 days and multiplied by number of days in month. Result is account's earnings allowance for that month.
  • Activity charges are calculated monthly based on activity in your account during the month. See below for activity charges.
  • If activity charges exceed the earnings allowance, the difference is debited from your account.
  • If the earnings allowance exceeds the activity charges, you account will not be charged a service charge for the month.

Activity Charges:

  • Monthly maintenance - $6.00
  • Per item debit charge - $0.17
  • Transit items deposited - $0.06
  • Charge for negative avail. balance - Wall Street Prime +2.0%