Business Checking

Note:  The Truth in Savings Act does not apply to commercial purpose accounts.

Regular Commercial Checking

A non-interest bearing checking account for commercial use, with no transaction limitations.

• Minimum balance to open an account
  You must deposit $100.00 to open this account.

• Rate information
  This is a non-interest bearing account.

• Account Fees
  A maintenance fee of $5.00 will be charged each statement cycle period.
  A regular debit charge of $.15 will be charged for each debit transaction.
  A regular charge of $.06 will be charged for each foreign item (credit items that are not on this bank).
  A credit factor of $.15 per $100.00 calculated on the average monthly balance will be credited against any fees charged.

Non-Profit Organization Checking

A non-interest bearing checking account built to suit the needs of non-profit organizations.

• Minimum balance to open the account
  You must deposit $100.00 to open this account.
• Account Fees
  There are no monthly maintenance charges or per debit charges on this account, and no monthly minimum balance requirement.
• Rate information
  This is a non-interest bearing account.

Business MMDA Account

An interest-bearing account open to business customers. This account is limited in the number of checks written and/or withdrawals per month.

• Rate Information
  Your interest rate and annual percentage yield may change. See our rates page for current rate info.

• Frequency of rate changes
  We may change the interest rate on your account at any time.

• Determination of rate
  At our discretion, we may change the interest rate on your account.

• Compounding and crediting frequency
  Interest will be compounded monthly. Interest will be credited to your account every month.

• Effect of closing an account
  If you close your account before interest is credited, you will not receive the accrued interest.

• Minimum balance to open the account
  You must deposit $1,500.00 to open this account.

• Minimum balance to obtain the annual percentage yield disclosed
  You must maintain a minimum balance of $1,500.00 in the account each day to obtain the disclosed annual percentage yield.

• Daily balance computation method
  We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

• Accrual of interest on non-cash deposits
  Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).

• Transaction Limitations
  Withdrawals from a MMDA account in any form are limited to no more than six per statement cycle. An excessive withdrawal charge of $5.00 will be charged for each withdrawal in excess of these limitations. Note: We reserve the right to change this account from a MMDA to an alternative account type in the event of repeated excessive withdrawals.

• Foreign ATM Fee
  If you use your debit card at an ATM not owned by us, you will be charged a fee of $1.00 per transaction in addition to any fees charged by the ATM owner.

See Common Features to All Accounts