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COMMERCIAL BASIC COMMERCIAL CHECKING is a COMMERCIAL CHECKING is a non-interest bearing checking account that provides for the collection of deposited checks and payment on demand of funds deposited. An earnings credit is calculated on the account’s monthly investable balance. The monthly account activity determines the account expenses that are deducted from the earnings credit. If the earnings credit exceeds expenses, there is no monthly fee. However, if expenses exceed the earnings credit, the account will be debited the difference. A monthly maintenance of $15.00 is charged plus $.30 for each deposit , $.10 for each deposit item, $.15 for each debit. COMMERCIAL INTEREST CHECKING is an interest-bearing checking account for sole proprietors, unincorporated businesses, non-profit organizations and IOLTA accounts. The interest accumulates at a competitive variable interest rate on daily collected balances. The interest accumulates at a competitive variable interest rate on average daily collected balances. COMMERCIAL SAVINGS is an account designed for businesses to increase savings while accumulating interest. The variable interest is compounded quarterly and paid quarterly on the average daily ledger balance. The account allows for unlimited deposits and three withdrawals per quarter (over three $2.00 each). If the average daily ledger balance falls below $500, there is a $3.00 per month charge. COMMERCIAL MONEY MARKET is a multi-tiered investment account paying a variable interest rate on a minimum daily collected balance of $2,500. A minimum of six debit items per statement cycle (no more than three of which may be checks). * Debit items include checks, ATM and Visa Check Card transactions, paper and electronic withdrawals. Customers may select cancelled checks returned with statement or statement with imaged checks. Six dollars refunded per statement cycle for ATM transactions. Call Customer Service at 214-841-9800 for a Business Schedule of Services and Fees printed brochure. |
