Business Checking

 

Small Business Checking

This account is for newly established small businesses. 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 for each check after 25

Telephone Banking Access 24/7 Yes - free
Online Banking Yes - free
Bill Payment Yes - free

 


Commercial Checking Account

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
$0.25 each check
$0.50 each deposit made
$0.20 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 rate calculated on your average collected balance adjusted for reserve requirements.

Telephone Banking Access 24/7 Yes - free
Online Banking Yes - free
Bill Payment Yes - free

 


Commercial NOW Account

This account is for businesses that would like to earn interest on their checking account and 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
$0.25 each check
$0.50 each deposit made
$0.20 each check deposited
Interest Bearing

Yes, calculated daily and credited monthly

Telephone Banking Access 24/7 Yes - free
Online Banking Yes - free
Bill Payment Yes - free

 


Free Small Business Checking

This account is great for businesses with limited transactions.

Minimum Balance

None
Monthly Maintenance Fee None if total transactions for the month are less than 200
Limitations

200 free transactions; $0.50 per transaction over 200

Telephone Banking Access 24/7 Yes - free
Online Banking Yes - free
Bill Payment Yes - free