Business Accounts

Commerical Analysis

The account designed for the business customer

Limitations: You must deposit $100.00 to open this account.

Account Fees: There will be a $10.00 monthly maintenance fee. We will charge the account for the services listed in the Commercial Analysis fees disclosure. In addition, we may charge for services listed in the miscellaneous fees disclosures. An earnings allowance will be calculated at the Fed Funds Rate published by the Federal Reserve Bank on the average collected balance less reserves. The reserve requirement equals 3% of the average balance in the account. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Small Business Checking

This account is designed for our small business customers.

Limitations: You must deposit $100.00 to open this account.

Account Fees: A minimum daily balance of $1,000 is required. If you do not maintain this balance, a monthly service charge of $10.00 will be assessed. In addition, there is a 100 debit limit. All debits over this limit will be .25 each. There will be an additional $10.00 monthly fee to return the original checks with the statement.

Business Super Now

An account which pays a competitive rate of interest with a limit of 50 debit transactions. Interest will be deposited to the account monthly.

Rate Information: This Account is an interest bearing account. The interest rate and annual percentage yield will depend upon the daily balance in the account as shown on the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account weekly. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly.

Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.

Limitations: You must deposit $100.00 to open this account.
Account Fees: A minimum daily balance of $2,500 is required. If you do not maintain this balance, a service charge of $8.00 will be assessed. In addition, there is a 50 debit limit. All debits over this limit will be .25 each.

Business Savings Account

Statement savings account designed for business that want to save for future needs. Withdrawals limited to 3 per month. Interest will deposited to the account semi-annually.

Rate Information: This Account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account weekly. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded semi-annually and will be credited to the account semi-annually.

Balance Information: We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. You must maintain a minimum average daily balance of $10.00 to obtain the disclosed annual percentage yield. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Limitations: You must deposit $100.00 to open this account. Only three withdrawals are allowed per month. Any withdrawal in excess of three will be assessed a $3.00 service per withdrawal.

Account Fees: A $300.00 average monthly balance is required. If the average balance is not maintained, there will be a monthly service charge of $3.00 on the account. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Fees and Charges

Internet Services
On-Line Banking and billpay: NO CHARGE

Official Checks
Cashiers Check cust: $4.00 each
Travelers checks 2 persons: $1.50 per $100
Travelers Checks: $1.00 per $100
Non-US T/C Orders: $10.00 plus FedEx fee

Other Fees
Special Request Statement: $2.00 each
Collection Items: $8.00 each
Coupons: $7.00 per envelope
Lock Bags: $15.00 each
Zipper Bags: $4.00 each
Levy/Lein: $75.00
Garnishments: $75.00
Check-Cashing non-cu: $1.00 per $100 if check not drawn on us; minimum of $5.00
Non-US $ Orders: $10.00 plus FedEx fee
Temp countercks –(5): $1.00
Rejected items:
cks not ordered FB: $2.00 per item
Bookkeeping Research: $15.00 per hour
Dormant Account Fees: $12.00 per year
Stop Payments: $30.00 per item
Check/Savings Orders: Market Rate
Overdrafts: $30.00 per item
Insufficient Funds: $30.00 per item
Return Items: $5.00 per item
Accounts closed within 90 days of opening: $15.00
Closing of Club Account: $20.00 plus accrued interest

Safe Deposit Box Fees
3x5: $20.00
3x10: $40.00
5x10: $50.00
10x10: $75.00
Replace Lost Key: $15.00
Box Drilled: $30.00

Commercial Analysis Fees
Per deposit fee: .25
Per eacyh deposited item: .12
Per each check/debit pd: .12
Per currency strap requested: .40
Per coin roll requested: .05
Per food coupon deposit: $1.00
Per return item: $5.00
Per deposit correction: $5.00