Business Checking

Regular Checking Account

The bank provides customers three ways in which to avoid a service charge on their checking account. A fee will not be imposed if the account holder:

  • Maintains a minimum balance of $500.00 or more during the statement cycle.
  • Maintains an average daily balance of $500.00 or more during the statement cycle. The average daily balance is calculated by adding the daily account balance for each day of the statement cycle and dividing that figure by the number of days in the statement cycle.
  • Maintains a minimum balance of $1,500.00 in a passbook savings account. This passbook savings account must be linked to the account holder's checking account.

REGULAR CHECKING FREE IF: SENIOR (62 & OLDER), CHARITABLE NON-PROFIT ORGANIZATION, RURAL DEVELOPMENT, BUSINESS PAYROLL, PUBLIC FUND, ESTATE, STUDENT, OR MILITARY

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Bonus Checking (Sole-Proprietorships, Non-Profits, Schools, Municipals Only)

  • Minimum balance to avoid imposition of fees: A service charge fee of $5.00 will be imposed each monthly statement cycle if the average daily balance for the monthly statement cycle falls below $1,000.00. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
  • Fees: An activity fee of $0.10 per check will be charged for each debit transaction in excess of 15 during a statement cycle if the average daily balance for the monthly statement cycle falls below $1,000.00.
  • Minimum balance to open the account: You must deposit $50.00 to open this account.
  • Accrual of interest on noncash deposits: Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  • Daily balance computation method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
  • Compounding and crediting frequency: Interest will be compounded every month. Interest will be credited to your account every month.
  • Rate information: Your interest rate and annual percentage yield may change.
  • Frequency of rate changes: We may change the interest rate on your account at any time.
  • Determination of rate: At our discretion, we may change the interest rate on your account.
  • Effect of closing an account: If you close your account before interest is credited and the accrued interest is less than $1.00, you will not receive the accrued interest.

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Super Now Checking (Sole-Proprietorships, Non-Profits, Schools, Municipals Only)

  • Minimum balance to avoid imposition of fees: A service charge fee of $5.00 will be imposed each monthly statement cycle if the average daily balance for the monthly statement cycle falls below $1,000.00. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
  • Fees: An activity fee of $0.25 per check will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account).
  • Accrual of interest on noncash deposits: Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  • Daily balance computation method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
  • Compounding and crediting frequency: Interest will be compounded every month. Interest will be credited to your account every month.
  • Rate information: Your interest rate and annual percentage yield may change.
  • Frequency of rate changes: We may change the interest rate on your account at any time.
  • Determination of rate: At our discretion, we may change the interest rate on your account.
  • Effect of closing an account: If you close your account before interest is credited and the accrued interest is less than $1.00, you will not receive the accrued interest.

Money Market Account - Business

  • Minimum balance to open the account: $1,500.00
  • Rate Information: Your interest rate and annual percentage yield may change.
  • Frequency of rate changes: We may change the interest rate on our account at any time.
  • Determination of rate: At our discretion, we may change the interest rate on your account.
  • Compounding and crediting frequency: Interest will be compounded every month. Interest will be credited to your account every month
  • Effect of closing an account: If you close your account before interest is credited and the accrued interest is less than $1.00, you will not receive the accrued interest.
  • Daily Balance computation method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
  • Accrual of interest on noncash deposits: Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items. (for example, checks)
  • Transaction limitations: Transfers from a MM account to another account or to third parties by preauthorized, automatic, check, draft or telephone transfers are limited to six per month. Over the counter & ATM transactions are unlimited.

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