Business Accounts & Services
| DEPOSIT ACCOUNTS |
BUSINESS LOANS
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Business Checking
Minimum Balance Requirements
A deposit of $500 is required to open this account. Monthly service charge of $15.00 will be charged unless a $2,000 minimum daily balance is met. Total monthly debits must not exceed 100. There will be a charge of $0.10 per check deposited.
Disclosure of Account Terms: For complete disclosure information, please refer to the Account Disclosure Statement provided at the time of opening these accounts.
Business Interest Checking
Minimum Balance Requirements
A deposit of $500 is required to open this account. Monthly service charge of $15.00 will be charged unless a $2,000 minimum daily balance is met. Total monthly debits must not exceed 100 and total monthly credits must not exceed 50. Interest will compound daily and credit monthly.
Disclosure of Account Terms: For complete disclosure information, please refer to the Account Disclosure Statement provided at the time of opening these accounts.
Business Analyzed Checking
Minimum Balance Requirements
A deposit of $2,000 is required to open this account. Account will be charged for all services, earning credit may offset the charges. This is a fully analyzed account with unlimited activity. An earnings credit based on the collected monthly balance may offset any service charge assessed.
Disclosure of Account Terms: For complete disclosure information, please refer to the Account Disclosure Statement provided at the time of opening these accounts.
Business Savings Account
Minimum Balance Requirements
A deposit of $100 is required to open this account. A monthly service charge of $3.00 will be imposed every month if the balance falls below $100.00 any day of the month.
Transaction Limitations: You may make up to six (6) pre-authorized automatic or telephone transfers from your account each statement cycle without incurring a service charge. Of the six (6), no more than three (3) may be point of sale, draft, or three party checks. There is no limitation on in-person withdrawals.
Compounding and Crediting: Interest will compound daily and credit quarterly.
Business Money Market
Minimum Balance Requirements
A deposit of $1,000 is required to open this account. Monthly service charge of $15.00 will be charged unless a $5,000 minimum daily balance is met.
Transaction Limitations: You may make up to six (6) pre-authorized automatic or telephone transfers from your account each statement cycle without incurring a service charge. Of the six (6), no more than three (3) may be point of sale, draft, or three party checks. There is no limitation on in-person withdrawals.
Compounding and Crediting: Interest will compound daily and credit monthly.
Balance Computation Method: We use the daily balance method to calculate interest on these accounts. This method applies a daily periodic rate to the collected balance.
Disclosure of Account Terms: For complete disclosure information, please refer to the Account Disclosure Statement provided at the time of opening these accounts.
Product features and service charges are subject to change. Some banks may charge a surcharge for use of their ATM.
* Credit Approval Required
