Business Checking Accounts

Business Checking Account

Requirements:

• Minimum balance to open - $100.00

Benefits:

• No monthly service charge when average daily balance is above $1,000.00.

Cost:

• $500.00 to $999.99 average daily balance - $5.00 a month and 20 cents per check in excess of 50 in a monthly cycle.

• Less than $500.00 average daily balance - $7.50 a month and 20 cents per check in excess of 50 in a monthly cycle.

 

Business NOW Account

Requirements:

• Minimum balance to open - $100.00

Benefits:

• No monthly service charge when average daily balance is above $2,000.00.

• This is an interest bearing checking account. Interest is compounded and credited monthly.

Cost:

• $1,000.00 to $1,999.99 average daily balance - $5.00 a month and 20 cents per check in excess of 20 in a monthly cycle.

• Less than $1,000.00 average daily balance - $7.50 a month and 20 cents per check in excess of 20 in a monthly cycle.

 

Business Money Market Account

Requirements:

• Minimum balance to open - $100.00

Benefits:

• No monthly service charge when average daily balance is above $2,500.00.

• This is an interest bearing account with check writing privileges. Interest is compounded and credited monthly.

Cost:

• Less than $2,500.00 average daily balance - $7.50 a month.