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Business Banking

  • Minimum to open is $100.00
  • $10.00 Monthly Service Charge
  • .10 per debit
  • Digital Banking and Mobile Banking  (Restrictions may apply)

The account may be subject to the Commercial Account Analysis Program that is designed for high activity commercial customers.  Commercial account customers may be placed on “account analysis” after contact from a bank representative.

Commercial Account Analysis Program

The Commercial Account Analysis Program is designed for high activity commercial account customers. Commercial account customers may be placed on “account analysis” after contact from a bank representative. One feature of the Commercial Account Analysis Program involves the Earnings Credit. The Earnings Credit is based on a rate that is equal to the average Fed funds rate for the month, minus 1%. Fees on Service Charges, except for NSF charges, may be offset by the Earnings Credit.

EXPLANATION OF EARNINGS CREDIT CALCULATION

Avg Monthly Ledger Bal – Float & Collected Funds = Avg Collected Bal – Reserve Requirements at 10.0% = Investable Balance Investable Bal X Earnings Credit Rate / 365 X NO. of Days in the Month = Earnings Credit.

Commercial NOW

  • Eligibility applies
  • Minimum to open is $1,000.00
  • Interest Bearing Account
  • Digital Banking and Mobile Banking (Restrictions may apply)
  • Monthly Service Charge:
    • Balance of $1,000.00 & Above – No Minimum Balance Charge & Unlimited Transactions
    • Balance of $999.99 & Below – Service charge of $12.00 and $.10 per debit item

 

Commercial Money Market

  • Minimum to open is $1,000.00
  • Digital Banking and Mobile Banking (Restrictions may apply)
  • Service Charges:  $15.00 service charge if balance falls below $1,000.00
  • Transaction Limitations:  During any calendar month or statement cycle, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of preauthorization or automatic transfer or telephone order or instruction or by check, draft, debit card or similar order to a third party.
  • Unlimited Withdrawals In Person
  • Account will be subject to closure or modification if limitations are exceeded
  • $15.00 service charge for each withdrawal in excess of six per calendar month.

Commercial Savings

  • Minimum to open is $100.00
  • Digital Banking and Mobile Banking (Restrictions may apply)
  • Service Charges:  $5.00 service charge per quarter if balance falls Below $100
  • Transaction Limitations:  During any calendar month or statement cycle, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of preauthorization or automatic transfer or telephone order or instruction or by check, draft, debit card or similar order to a third party.
  • $5.00 excessive withdrawal fee in excess of six transactions per calendar month.
  • Account will be subject to closure or modification if limitations are exceeded