Business Checking Accounts
No matter how much money you have to manage, taking good care of it is the most important thing.
Basic Plus Business
|Minimum to Open||$100.00||$100.00||$100|
|Minimum Daily Balance||$0||$25,000 (daily)||$2500|
|Monthly Fee||$0||$30 (waived if daily balance stays above $25,000)||Service charges are offset or eliminated with earning credits base on your checking account(s) monthly balance.|
|Free Online Banking & Bill Pay||Yes||Yes||Yes|
|Bank by Phone||Yes||Yes||Yes|
|Overdraft Protection (1)||Yes||Yes||Yes|
|ATM or Visa/Debit Card||Yes||Yes||Yes|
|Additional Free Services||First 300 items paid or deposited per statement cycle (additional items $.50 each)||Unlimited transactions|
|This checking account is right for your business if you have higher transaction volume with balances to offset your fees. Commercial Checking accounts can be linked for balance compensation purposes|
(1) When linked to a Business Statement Savings or Business Money Market Account or an approved line of credit.
Money Market and Statement savings accounts are limited to six transfers per statement period with no more than three by check to avoid the $10.00 per month transaction fee.
NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC
INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013,
funds deposited in a noninterest-bearing transaction account (including an
Interest on Lawyer Trust Account) no longer will receive unlimited deposit
insurance coverage by the Federal Deposit Insurance Corporation (FDIC).
Beginning January 1, 2013, all of a depositor’s accounts at an insured
depository institution, including all noninterest-bearing transaction
accounts, will be insured by the FDIC up to the standard maximum deposit
insurance amount ($250,000), for each deposit insurance ownership
For more information about FDIC insurance coverage of noninterest-bearing
transaction accounts, visit