Low Transaction Volumes
Business Checking
Features
- No maintenance fee as long as minimum balance of $1,000 kept
- Free Business Online access
Monthly Service Fee
Yes
Free Online & Mobile Banking Access?
Yes
Free Business Debit Card?
Yes
Minimum Opening Deposit
$100.00
Medium Transaction Volumes
Money Market Plus
Features
- 6 free monthly transactions; $5.00 per transaction thereafter
- Free Business Online access
Monthly Service Fee
Yes
Free Online & Mobile Banking Access?
Yes
Free Business Debit Card?
Yes
Minimum Opening Deposit
$2,500
Money Market Plus:
Transaction Limitations
You may only make 6 transfers/withdrawals per calendar month or statement cycle of at least 4 weeks (not including those made by mail, in person, by telephone with check mailed to you, messenger, ATM or to repay loans with us). There will be a $5.00 per item charge for each transfer/withdrawal after the 6th transaction.
Compounding and Crediting
Interest will be compounded and credited to your account monthly. You will not receive the accrued interest if you close your account before interest is credited. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (example: checks).
Balance Computation Method
We use the daily method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
