Commercial Accounts

Business Savings & Corporate Transaction Package
  Business Savings Business Money Market Savings (B1)Sweep Account Transaction Account
Opening Deposit $100 $10,000 $1,000 $10,000

*Average Available Balance for no Monthly Service Charge

Special Features/Item Charges may apply

$500

 

Yes

$10,000

 

Yes

N/A

 

Refer to Transaction Account

N/A

 

Yes

Monthly Service Charge

$2

$15 None

$20 Emailed

Daily Sweep Confirmation Statement

Images On Statements N/A N/A Included Included
*Average Available Balance to Earn Interest Yes
Tiered on Balance

Yes *Tiered based on balance

$10,000 Minimum

Yes

Based on Tiered Split Balances

N/A
Special Features/Item Charges $1 per withdrawal over 3 per statement cycle

$10 per debit over 6 per statement cycle

All service fees are applied to Corporate Transaction Account

Sweep Account and Transaction Account are an account package. Both accounts are required with the package, along with signing a Sweep Account Agreement.

$0.075 per check or deposit, $0.02 per on-us check deposited item, $0.08 per not-on-us(transit) check item deposited.

Sweep Account and Transaction Account are an account package. Both accounts are required with the package, along with signing a Sweep Account Agreement.

(B1) The Corporate Sweep Checking is a Non-FDIC INSURED short term obligation. The account is securitized by Government Treasury or Agency Bonds. You are required to have a daily statement delivered to you.

* The Average Available (collected) Balance is calculated by adding the available principal balance in the account for each day of the period and dividing that figure by the number of days in the period. The available balance is the account balance, less unpaid deposited items drawn on other financial institutions in the process of collection. For current rate information please E-mail us or contact a Personal Banker at one of our branches.

**Account earns credit which may be applied to item charges. The earning credit will be based on a minimum calculation of 80% of the 91-day T-Bill. Calculated on the Average Available (collected) Balance during statement cycle, less a balance reserve requirement of 10%

Important Information about Procedures for Opening a New Account: To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

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