Non-Interest Bearing Business Account
- Flat Rate Plan – For only NEW accounts.
- Minimum Balance to open—$500.
- $25 per month (including taxes).
- You will receive a quarterly analysis of your account based on our Regular Service Charge Schedule above versus $25 per month.
- At the end of any six-month period (based on analysis) when you have overpaid on the Flat Rate Plan versus our Regular Service Charge Schedule, we will refund the difference and you may continue on the Flat Rate Plan.
- At the end of any six-month period (based on analysis) when you have underpaid versus our Regular Service Charge Schedule, you will not be charged for the difference but you will be required to switch to our Regular Service Charge Schedule and may not go back on the Flat Rate Plan.
Interest Bearing Business Account
- Interest bearing business checking accounts are not eligible for the excess FDIC insurance coverage for balances over $250,000.
- Minimum Balance to Open—$500.
- $7 — Monthly maintenance fee.
- $.15 for each debit to the account.
- $.08 for each check not on us deposited to the account.
- Less $.03 earnings credit for each $100 average collected balance. This earnings credit rate may change as often as monthly.
- If there were no debits to your account during the statement cycle, there is no service charge. Service charges of less than $5 are waived.
- Business accounts are subject to analysis.