Business Checking

Balance Information

  • No minimum initial deposit
  • Unlimited number of deposits, withdrawals, and transfers
  • Minimum balance requirement to avoid service charge fee is based on Average Collected Balance per statement cycle.
  • Required Reserve Balance: 3.00% of Average Collected Balance.

 

Account Analysis Service Charge:

  • Account maintenance (subject to review)  $5.00/month
  • Checks written $0.17/item
  • Deposits made $0.25/item
  • Transit items deposited (first time only)  $0.05/item
  • Return Check  $5.00/item
  • Deposit corrections  $1.00/deposit
  • Food coupons deposit  $1.00/certificate

 

Account Analysis Balance Earnings:

You receive an Earnings Credit based on the current interest rate times the Available Balance.

 

Monthly Service Charge:

Account Analysis Service Fees are offset by the Account Analysis Balance Earnings.
 

 

Fees: Charge per item

Stop-Payment Request $10.00
Overdraft item $15.00
Return check item $10.00
Bank confirmations $10.00

Cash:

 

Currency (strap)

$0.30

Currency (partial strap)

$0.30

Coin

$0.10/roll
Federal Tax Deposit Coupon $5.00

 

"Daily Cut-off time" per business day: 3:00 p.m.

Statement Cycle: Monthly
 

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