Heritage Bank
of Schaumburg
1535 W. Schaumburg Rd.
Schaumburg, IL 60194
(847) 524-4000 Ph.
(847) 524-1974 Fax
customerservice@
hbschaumburg.com
Commercial Checking and Money Markets
This account is for the newly established small business. If you maintain a minimum of $5,000.00 in your account at all times the monthly maintenance fees are waived.
| Minimum Balance |
$5,000.00 |
Monthly Maintenance Fee |
$15.00 if below minimum balance |
Limitations |
25 free checks, $1.00 each check after 25 |
| Telephone Banking Access 24/7 |
Yes |
| Online Banking | Yes - free |
| Bill Payment | Yes - free |
This account allows a company to have control over their funds. The company decides how the balance in the account fits their budget while earnings credit can help them offset monthly maintenance fees.
| Minimum Balance |
None |
Monthly Maintenance Fee |
$15.00 per month $.25 each check $.50 each deposit made $.20 each check deposited |
Earning Credit |
The credit calculated is utilized to offset the above charges and is based on the current 91 day Treasury bill rates calculated on your average collected balance adjusted for reserve requirements. |
| Telephone Banking Access 24/7 |
Yes |
| Online Banking | Yes - free |
| Bill Payment | Yes - free |
This account is for the business that would like to earn interest on their checking account and they qualify for this account under Regulation D. The following is a partial list of eligible accounts. Please see a Personal Banker if you are interested in receiving more information on the eligibility of this account.
Sole proprietors
Homeowners and condominium owners associations
Pension and profit sharing funds
Political organizations
Escrow accounts
And more...
| Minimum Balance |
None |
Monthly Maintenance Fee |
$15.00 per month $.25 each check $.50 each deposit made $.20 each check deposited |
| Interest Bearing | Yes, calculated daily and credited monthly |
| Telephone Banking Access 24/7 |
Yes |
| Online Banking | Yes |
| Bill Payment | Yes |
A great option for a business that wants to keep some extra money liquid. This account allows the customer to write 3 checks per statement cycle if they choose to. This product has three different tiers offering higher rates for higher balances.
Minimum Balance |
$1,000.00 to waive service charges and earn interest |
Monthly Maintenance Fee |
$25.00 if below minimum |
| Interest Bearing | Yes, calculated daily and credited monthly |
| Restrictions | Six preauthorized transfers are allowed per month, but only three of the six withdrawals may be made by check, POS, or Debit Card to a third party. |
| Telephone Banking Access 24/7 |
Yes |
| Online Banking | Yes |
