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Business Checking

Business accounts are designed for corporations, partnerships, professional associations and not-for-profit organizations.  Business checking accounts with high activity are subjected to analysis charges.

Account Analysis Charges are:

  • Local Items - $ .07
  • Foreign Items - $.08
  • Deposits/Credits - $.20
  • Checks/Debits - $.10
  • Checks returned for chargeback - $4.50 per check
  • Handling fee - $7.00 monthly
  • Earnings Credit Rate - variable
  • FDIC Assessment - $.02 per $1,000

Low Volume Accounts will be charged according to the balance of the account.  An account maintaining a balance of $1,000 or over will be charged a $10.00 maintenance fee.  An account with a balance below $1,000 will be charged a $20.00 maintenance fee.  Regardless of balance, there will be a $.15 per item charge for items in excess of 150. This account is subject to NSF charges per CBO fee schedule.

*E-Statement free ($1.50 per paper statement)
Minimum to open $1,500.00

Requires a minimum monthly balance of $1,500.00.  Interest is paid monthly on the collected balance at a rate established by the Commercial Bank.  If the collected balance drops below $1,500.00 during a statement cycle, interest will not be paid. A $7.00 monthly service fee will be charged regardless of balance.  This account is subject to NSF charges per CBO fee schedule.

*E-Statement free ($1.50 per paper statement)
Minimum to open  $2,500.00

Requires a minimum monthly balance of $2,500.00.  Interest is paid monthly on the collected balance at a rate established by the Commercial Bank.  If the collected balance drops below $2,500.00 interest is paid at the current Business Now Account rate established by the bank.  If the collected balance drops below $1,500.00 during a statement cycle, interest will not be paid.  A $7.00 monthly service fee will be charged regardless of the balance.  This account is subject to NSF charges per CBO fee schedule.

*E-Statement free ($1.50 per paper statement)
Minimum to open $2,500.00

The interest rates and annual percentage yields may change at any time.

Interest is compounded monthly and credited into the account monthly.  You must maintain a minimum, daily balance of $1,500.00 to earn the disclosed annual percentage yield.  If the balance drops below$1,500.00 on any day during the statement cycle, interest will not accrue and there will be a $10.00 service charge for that statement cycle.

During any calendar month or statement cycle of at least four weeks, you may not make more than six withdrawals or transfers to another account or to a third party by means of a preauthorized, automatic or telephone transfer.

If you exceed the transfer limitations set forth in any statement period, your account will be subject to closure by the financial institution.

Variable interest rates are paid on the following tiers:

Tier 4     $1,499 - $24,999

Tier 3     $25,000 - $49,999

Tier 2     $50,000 - $99,999

Tier 1     $100,000 and over

*E-Statement free ($1.50 per paper statement)

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