| Business Checking Account | Business N.O.W. Account *(Restrictions Apply) | Business Super N.O.W. Account *(Restrictions Apply) | Business Money Market Account (Limited Transactions) | Business Savings Account | |
|---|---|---|---|---|---|
| Opening Deposit | $500.00 | $500.00 | $500.00 | $2,500.00 | $50.00 |
| Interest | No yes | You must maintain a minimum daily balance of $1,000.00 to obtain the disclosed annual percentage yield. | You must maintain a minimum daily balance of $1,000.00 to obtain the disclosed annual percentage yield. | You must maintain a minimum daily balance of $1,000.00 to obtain the disclosed annual percentage yield. | You must maintain a minimum daily balance of $50.00 to obtain the disclosed annual percentage yield. |
| Minimum Balance Fee | A Minimum Balance Fee of $6.00 will be imposed every month if the average daily balance for the month falls below $1,000.00 | A Minimum Balance Fee of $8.00 will be imposed every month if the average daily balance for the month falls below $1,000.00 | A Minimum Balance Fee of $8.00 will be imposed every month if the average daily balance for the month falls below $1,000.00 | A Minimum Balance Fee of $8.00 will be imposed every month if the average daily balance for the month falls below $2,500.00 | A Minimum Balance Fee of $1.00 will be imposed every month if the average daily balance for the month falls below $50.00 |
| Excessive Withdrawal Fee | Noneyes | Noneyes | Noneyes | Six or more withdrawals per calendar month are service charged $1.00 for each additional withdrawal (currently waived due to COVID-19) | Six or more withdrawals per calendar month are service charged $1.00 for each additional withdrawal (currently waived due to COVID-19) |
| Unlimited Check Writing | yes | yes | yes | No | No |
| VISA ATM / Debit Card | Available with credit approval yes | Available with credit approval yes | Available with credit approval yes | Noyes | No yes |
| Online Banking | yes | yes | yes | yes | yes |
| Statements | Receives a monthly statement with images of cleared checks | Receives a monthly statement with images of cleared checks | Receives a monthly statement with images of cleared checks | Receives a monthly statement with images of cleared checks | Receives a quarterly statement with images of cleared checks |
Business Checking Account
Opening Deposit
$500.00
Interest
No
yes
yes
Minimum Balance Fee
A Minimum Balance Fee of $6.00 will be imposed every month if the average daily balance for the month falls below $1,000.00
Excessive Withdrawal Fee
Noneyes
Unlimited Check Writing
yes
VISA ATM / Debit Card
Available with credit approval
yes
yes
Online Banking
yes
Statements
Receives a monthly statement with images of cleared checks
Business N.O.W. Account *(Restrictions Apply)
Opening Deposit
$500.00
Interest
You must maintain a minimum daily balance of $1,000.00 to obtain the disclosed annual percentage yield.
Minimum Balance Fee
A Minimum Balance Fee of $8.00 will be imposed every month if the average daily balance for the month falls below $1,000.00
Excessive Withdrawal Fee
Noneyes
Unlimited Check Writing
yes
VISA ATM / Debit Card
Available with credit approval
yes
yes
Online Banking
yes
Statements
Receives a monthly statement with images of cleared checks
Business Super N.O.W. Account *(Restrictions Apply)
Opening Deposit
$500.00
Interest
You must maintain a minimum daily balance of $1,000.00 to obtain the disclosed annual percentage yield.
Minimum Balance Fee
A Minimum Balance Fee of $8.00 will be imposed every month if the average daily balance for the month falls below $1,000.00
Excessive Withdrawal Fee
Noneyes
Unlimited Check Writing
yes
VISA ATM / Debit Card
Available with credit approval
yes
yes
Online Banking
yes
Statements
Receives a monthly statement with images of cleared checks
Business Money Market Account (Limited Transactions)
Opening Deposit
$2,500.00
Interest
You must maintain a minimum daily balance of $1,000.00 to obtain the disclosed annual percentage yield.
Minimum Balance Fee
A Minimum Balance Fee of $8.00 will be imposed every month if the average daily balance for the month falls below $2,500.00
Excessive Withdrawal Fee
Six or more withdrawals per calendar month are service charged $1.00 for each additional withdrawal (currently waived due to COVID-19)
Unlimited Check Writing
No
VISA ATM / Debit Card
Noyes
Online Banking
yes
Statements
Receives a monthly statement with images of cleared checks
Business Savings Account
Opening Deposit
$50.00
Interest
You must maintain a minimum daily balance of $50.00 to obtain the disclosed annual percentage yield.
Minimum Balance Fee
A Minimum Balance Fee of $1.00 will be imposed every month if the average daily balance for the month falls below $50.00
Excessive Withdrawal Fee
Six or more withdrawals per calendar month are service charged $1.00 for each additional withdrawal (currently waived due to COVID-19)
Unlimited Check Writing
No
VISA ATM / Debit Card
No
yes
yes
Online Banking
yes
Statements
Receives a quarterly statement with images of cleared checks
* This account is only available for Sole Proprietors, Non-Profit Entities, and Government Entities as prescribed by law.
Business Checking Account
- You must deposit $500.00 to open this account
- Unlimited check writing
- VISA ATM / Debit card available with credit approval
- A Minimum Balance Fee of $6.00 will be imposed every month if the average daily balance for the month falls below $1,000.00.
- Free online banking
- This account receives a monthly statement with images of cleared checks
Business N.O.W. Account (Restrictions Apply)
- This account is only available for Sole Proprietors, Non-Profit Entities, and Government Entities as prescribed by law.
- You must deposit $500.00 to open this account
- Interest is compounded and credited to your account monthly
- You must maintain a minimum daily balance of $1,000.00 to obtain the disclosed annual percentage yield. The interest rate is variable.
- Unlimited check writing
- VISA ATM / Debit card available with credit approval
- A Minimum Balance Fee of $8.00 will be imposed every month if the average daily balance for the month falls below $1,000.00
- Free online banking with Bill Pay
- This account receives a monthly statement with images of cleared checks
Business Super N.O.W. Account (Restrictions Apply)
- This account is only available for Sole Proprietors, Non-Profit Entities, and Government Entities or as prescribed by law.
- You must deposit $500.00 to open this account
- Interest is compounded and credited to your account monthly
- You must maintain a minimum daily balance of $1,000.00 to obtain the disclosed annual percentage yield. For tiered rate accounts, you must maintain the minimum balance defined in a tier to earn the disclosed interest rate and Annual Percentage Yield (APY). The interest rate is variable.
- Unlimited check writing
- VISA ATM / Debit Card available with credit approval
- A Minimum Balance Fee of $8.00 will be imposed every month if the average daily balance for the month falls below $1,000.00.
- Free online banking with Bill Pay
- This account receives a monthly statement with images of cleared checks
Business Money Market Account (Limited Transactions)
- You must deposit $2,500.00 to open this account
- Interest is compounded and credited to your account monthly
- You must maintain a minimum daily balance of $1,000.00 to obtain the disclosed annual percentage yield. For tiered rate accounts, you must maintained the minimum balance defined in a tier to earn the disclosed interest rate and Annual Percentage Yield (APY). The interest rate is variable.
- During any month, you may not make any more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order of instruction, computer transfer, or by check, draft, debit card or similar order to a third party.
- A Minimum Balance Fee of $8.00 will be imposed every month if the average daily balance for the month falls below $2,500.00.
- Free online banking
- This account receives a monthly statement with images of cleared checks
Business Savings Account (Limited Transactions)
- You must deposit $50.00 to open this account.
- Interest is compounded and credited to your account monthly.
- You must maintain a minimum daily balance of $500.00 to obtain the disclosed annual percentage yield. The interest rate is variable.
- During any month, you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order of instruction, computer transfer, or by check, draft, debit card or similar order to a third party.
- A Minimum Balance Fee of $1.00 will be imposed every month if the average daily balance for the month falls below $50.00.
- Free online banking
- This account receives a quarterly statement with images of cleared checks
Business Certificates of Deposit (CD's)
Business CD's are offered on the same rates and terms as our personal CD's. Please visit our Rates page for terms and rates currently offered or call one of our new accounts representatives at 256-845-1077 for additional information.
