A checking account for customers who operate as a corporation or partnership, with fee structure based on a maintenance fee and account transactions, which is offset by the account analysis credit.

Features

• No minimum opening deposit
• Provides a method of payment
• Monthly statement detailing all transactions
• Night Deposit service available 24/7
• Funds are insured by FDIC to $250,000
• Free Online Banking
• Free E-Statements

Benefits

• Convenience, you may open the account with a small balance and deposit more later
• Provides you a method for business transactions
• Offers security through FDIC Insurance
• Provides availability to other Business Banking Products
• Service charges are offset by Account Analysis Routine
• Security - eliminates the need to carry large amounts of cash
• Convenience - depositing available anytime
• Offers added security

Details

• A monthly maintenance fee of $10.00 will be assessed.
• Debits/Checks: $0.13/ea
  Credits: $0.06/ea
• Account will receive an earnings credit through an account analysis routine. This credit will be figured at the average fed funds rate, calculated off the average collected balance for the month, less 10% for legal reserve requirements. This credit is applied to the service charge calculations. If the earnings credit is greater than the service charge, there is no service charge. If the service charge is greater than the earnings credit, the client will is charged the difference.
• Additional Services:
  Business Sweep $25.00
  Lock Box Service $50.00 monthly and $.10 per item
  (Includes P. O. Box)
  Business Leasing Standard Cost - refer to Loan Officer
  Automated Clearing House Standard Cost - refer to Accounting Officer
  Multiple Account Analysis No Charge
  Online Banking No Charge
  E-Statements No Charge

Eligibility
This account is available only to Corporations and Partnerships.