Free Business Checking | Interest Checking | Account Analysis | |
Description | The perfect solution for all businesses that have fewer than 1,000 transactions*/mo. |
Balances in this account earn interest that is paid monthly. There are no limits to the number of checks written or deposits made. By law, this account is available only to sole proprietors and eligible non-profit organizations. |
This account is designed for higher- volume business accounts. |
Minimum Balance | None | None | None |
Monthly Fee | None | $6.00 maintenance fee $.18 charge for each check written $.09 charge for each check not on us item deposited |
$6.00 maintenance fee |
Interest | None | Yes** | Earnings Credit*** |
Features | Up to 1,000 transactions*/mo. $500 minimum deposit to open 5 Free Online Bill Payments/mo. Free Online Banking Check Card Images of cancelled checks Full range of business check styles available Option of electronic statements |
Unlimited deposits & withdrawals |
Unlimited deposits & withdrawals |
*A transaction consists of individually deposited items and checks written.
**Interest is a variable rate and will change at the discretion of the Bank. Interest paid monthly.
***Earnings credit is a computed value on the average available balance using the previous month average 91 day T-bill rate less .25 percent.