All the benefits from the card you know.
With the personal, friendly service you’ve come to expect from Elkton Bank & Trust Company.
Benefits You’ll Love
- A credit card perfect for business needs
- Simple application process at any branch
- Separate business and personal expenses
- Spend with the security of Visa®
- Expand your purchasing power with a VISA® Credit Card
- Shop everywhere VISA is accepted
- Accepted at thousands of locations worldwide
- Easily replaced if lost or stolen
- Apply online
- The local, friendly service you’re used to
Interest Rates & Fees |
Visa Business |
| Annual Percent Rate (APR) for Purchases | 16.15% Variable-Rate determined by adding 7.65% to the Prime Rate* |
| APR for Balance Transfers | 16.15% Variable-Rate determined by adding 7.65% to the Prime Rate* |
| APR for Cash Advances | 16.15% Variable-Rate determined by adding 7.65% to the Prime Rate* |
| Penalty APR and When It Applies | None |
| How to Avoid Paying Interest | Your due date is at least 25 days after the close of each billing cycle. We will not charge you interest on retail purchases, cash advances and balance transfers if you pay your entire balance by the due date. |
| Minimum Interest Charge | If you are charged interest, the charge will be no less than $1.00. |
| For Credit Card Tips from the Consumer Financial Protection Bureau | To learn more about factors to consider when applying for or using a credit card, visit the website of the CFPB at https://www.consumerfinance.gov/learnmore. |
Fees |
Visa Business |
| Annual Fee | $10.00 per card |
|
Transaction Fees
|
|
|
Penalty Fees
|
|
|
Other Fees
|
|
*The prime rate used to determine your APR is the rate published in the Wall Street Journal on the second Tuesday of every month.
Loss of Introductory APR: We may end your introductory APR and apply the Penalty APR if you make a late payment.
How We Will Calculate Your Balance: We use a method called “average daily balance” (including new purchases). *An explanation of this method is
provided in your account agreement.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.
Updated: 11/23
This Visa Business Cardholder Agreement (“Agreement”) is made and entered into, by and between ELKTON BANK AND TRUST COMPANY (Bank) and the company whose name appears on the signatory page hereof (“Company”).
WHEREAS, Company desires to have Bank issue certain Business Credit Cards (“Cards”) in the name of the Company for the use by Company’s officers, employees, or other agents (“Employees”), as more particularly designated in this Credit Card Agreement, submitted by Company to Bank; and
NOW, THEREFORE, the parties agrees as follows:
1. ISSUANCE OF CARDS. Bank will issue Cards in the name of the Company and in the names of the Employees as designated in this Agreement. All Cards must be signed immediately upon receipt by the Employees, but all Cards remain the property of Bank and must be surrendered to the Bank upon demand. Company acknowledges that Bank is providing such service to Company as an accommodation party only and except as otherwise provided by law, Bank is not responsible in any way for the manner in which the Cards are utilized.
2. LIBAILITY and PROMISE TO PAY. Company agrees to be unconditionally and without limitation liable for all charges effectuated by use of the Cards, whether authorized or unauthorized, whether utilized by Employees or some other person, and whether arising from Cards lost or stolen. All Employees who are granted use of the Cards shall be deemed third party beneficiaries of the accommodation extended hereunder and of the terms and conditions of this Agreement. Accordingly, such Employees shall be jointly and severally liable with Company for any charges effectuated under the Card issued to the respective Employee, whether authorized or unauthorized, and whether arising from lost or stolen Cards. In the event of a Lost Card or of unauthorized use of a Card, the Bank should be notified by either calling 270-265-9841 or 270-483-2818, after banking hours 1-800-876-9119 or by writing the Bank at P.O. Box 98, Elkton, KY 42220-0098.
3. SECURITY MEASURES. In an effort to better protect Company and employees from lost Cards, Company agrees to provide a commercially reasonable degree of protection in light of their particular needs and circumstances and represent that each Card and PIN shall be afforded the highest level of security by Company and Employees and shall be known only to those persons who are on a “need to know” basis. Bank assumes no duty to discover any breach of security by Company or Employees or unauthorized disclosures of or use of Card or PIN.
4. STATEMENTS and DISPUTED CHARGES. Each month Company will receive an account statement (“Monthly Statement”) showing, among other things, all charges made by use of the Cards. Disputes regarding any Card charges shall be communicated in writing to Bank at the address indicated below. Communications shall include the Cardholder and Company’s names, the dollar amount of any dispute or suspected error, the reference number and the description of the dispute in error. Any communication regarding a dispute or suspected error must be received by Bank within sixty (60) days of the date of the Monthly Statement on which the dispute or incorrect charge first appeared. If bank receives timely notice of any disputed charge, it shall initiate a provisional credit to the appropriate account and shall thereupon seek to resolve all documented chargeback requests within ninety (90) days of the date of receipt of such request.
5. INFORMATION DEEMED CONFIDENTIAL. Bank agrees that it will maintain all data relative to Company’s accounts as confidential information and will exercise the same standard of care and security to protect such information as Bank uses to protect its own confidential information. Bank agrees to use such data exclusively for the providing of services to Company and Employees hereunder and not to release such information to any other party, except as may be required by law.
6. USE OF CARDS. Company represents and warrants, on behalf of itself and its Employees, that the Cards will only be used for business purposes.
7. LOST or STOLEN CARDS. If any of the Cards are lost or stolen, Company shall either call 270-265-9841 or 270-483-2818, after banking hours 1-800-876-9119, or notify the Bank at the address listed above.
8. TERMINATION. Bank shall have the right, at its sole discretion, and upon three (3) days’ notice to Company and Employees, to terminate Company’s privileges hereunder.
9. RETURN OF CARDS. All Cards shall be deemed canceled effective upon termination of this Agreement and Company shall instruct the Employees to cut in half all Cards, and return them to the Bank. Company shall remain liable for all charges incurred or arising by virtue of the use of the Card prior to the termination date.
10. AMENDMENTS and CHANGE IN TERMS. Bank may from time to time amend the terms of this Agreement to the extent allowed by applicable federal and state law. Bank will notify Company by mail of such amendments, and subject to the requirements of applicable law, any amendment to this agreement will become effective at the time stated in such notice.
11. REFUSAL TO HONOR CARDS. Bank is not responsible for the refusal of anyone to honor the Cards. Bank is not responsible for any loss, monetary or otherwise, arising from any refusal to honor the Card.
12. MISCELLANEOUS. If any provision of the Agreement is determined to be unlawful or unenforceable for any reason, the remainder of the Agreement will remain enforceable.
13. VENUE FOR LITIGATION. In the event any litigation is required to enforce the terms and conditions of this Agreement, Company, on behalf of itself and its Employees, agrees that such litigation may only be commenced in the Todd County District Court, or whichever court has jurisdiction.
14. COLLECTION OF COSTS. If Bank hires an attorney to assist in collecting any amount due hereunder, or to enforce any right or remedy hereunder, Company agrees to pay Bank’s reasonable attorney’s fees and expenses, and any other as permitted by law.
15. DISCLOSURE OF CHARGES. Company agrees to charges and fees disclosed in the account opening disclosures as well as the cardholder agreement, a copy of which will be mailed to the applicant of this application if this application is granted, receipt of such agreement, and acceptance of such terms to be conclusively presumed by the applicants use.
Use this calculator to determine your projected earnings from our Kasasa Cash account. Move the sliders or type in the numbers to see your potential rewards.
- Estimated Annual Rewards $0
- Estimated monthly interest earned* $0
- Monthly ATM fees refunded**$0
This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.
- Net cost of buying $0
- Net cost of leasing $0
A fixed-rate, fixed-term CD can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.
- Total value at maturity $0
- Total interest earned $0
- Annual Percentage Yield (APY)0.000%
Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.
- Monthly deposit needed to reach goal $0
This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.
- Estimated monthly payment $0
- Total paid $0
- Total interest paid $0
Banclub Checking
| Plan | Balance | Fee |
|---|---|---|
| Basic | $500+ | $8.00 |
| Personal | $500+ | $9.00 |
| Family | $500+ | $10.00 |
You must deposit $100.00 to open this account. A minimum balance fee will be imposed every statement cycle if the balance in the account falls below $500.00 any day of the statement cycle. Fees will be determined according to Banclub Plan Choice.
Banclub Now
| Plan | Balance | Fee |
|---|---|---|
| Basic | $500+ | $8.00 |
| Personal | $500+ | $9.00 |
| Family | $500+ | $10.00 |
You must deposit $1,500.00 to open a Banclub NOW account and maintain a minimum daily balance of $1,500.00 to obtain the Annual Yield Percentage. Annual Percentage Yield is subject to change daily at bank’s discretion. Fees on this account will be determined according to Banclub plan chosen.
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.
Business Checking
| Balance | Fee |
|---|---|
| $0 – $999.99 | $10.00 |
| $1,000.00+ | NO FEE |
A minimum balance fee will be imposed every statement if the balance in the account falls below $1,000.00 any day in that cycle.
$0.10 PER ITEMS OVER 20 ITEMS
Business Money Market Plus
| Balance | Fee |
|---|---|
| $2,500 or Greater | NO CHARGE |
| Less than $2,500 | $15.00 |
You must deposit $2,500.00 to open a Money Market Plus account. A minimum balance fee will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the statement cycle. Annual Percentage Yield is determined by account balance and is subject to change daily at bank’s discretion. You must maintain a minimum daily balance of $2,500.00 to obtain APY.
Transactions Limitations
You may make only 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. If you close your account before interest is credited, you will not receive the accrued interest. 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.
Kasasa Cash
| Balance | Rate | APY |
|---|---|---|
| 0 - $25,000 | 4.89% | 5.00% |
| $25,000+ | 0.50% | 5.00% to 1.40% |
| All balances if qualifications not met | 0.10% | 0.10% |
Qualifications
Earning the full rewards is so easy, you're probably already doing it! Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash account during each Monthly Qualification Cycle:
- At least 1 direct deposit or ACH credit
- At least 12 debit card purchases
- Be enrolled in and agree to receive e-statements
- Be enrolled in and log into online banking
If you don't meet the qualifications one month, don't worry. There is no penalty, and you still have a free checking account that earns our base interest rate. Plus, you can get back to earning really high interest and nationwide ATM fee refunds the very next month.
Kasasa Saver
| Balance | Rate | APY |
|---|---|---|
| 0 - $200,000 | 1.99% | 2.00% |
| $200,000+ | 0.50% | 2.00% to 1.50% |
| All balances if qualifications not met | 0.10% | 0.10% |
Qualifications
Qualifying for Kasasa Cash or Cash Back rewards automatically qualifies you for the highest Kasasa Saver rate too. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash or Cash Back account during each Monthly Qualification Cycle:
- At least 1 direct deposit or ACH credit
- At least 12 debit card purchases
- Be enrolled in and agree to receive e-statements
- Be enrolled in and log into online banking
It's no problem if you miss a qualification cycle. Both accounts are still free. And you can get back to earning rewards the very next month you qualify.
Miscellaneous Fees
| Effective May 1st, 2024 | |
|---|---|
| Transaction | Fee |
| Any new account closed within 90 days | $25.00 |
| Account reconciliation and research | $20.00/hr ($10.00 min) |
|
ATM withdrawal at other banks |
$3.00 each |
|
Business Online |
Business Bill Pay $5.00 Cash Management $10.00 |
| Cashier's Check Fee | $5.00 |
| Money Orders Fee | $4.00 |
| Coin counting (non-customers) | 5% of value, $3 min |
| Check Cashing (non-customers) | 2% of each check presented or $10.00 min per check presented, whichever is greater. |
| Debit Card replacement: standard card | $5.00 |
| Debit Card replacement: speciality card | $10.00 |
|
Dormant account fee |
$5.00/month |
| Night Depository Fee | $25.00/annual + purchase of bag |
| Domestic wire transfer | Outgoing $30.00 Incoming $20.00 |
| International wire transfer | Outgoing $75.00 Incoming $20.00 |
| Levy/Garnishment Fee | $50.00 |
| Insufficient/Overdraft Charge | $25.00 per item |
| Return Mail Fee |
$10.00 each |
| Safe Deposit Box rental annual fee *rent charged to checking account, otherwise additional $5.00 processing fee) |
3X5=$20.00 |
| Special Statement Copy | $5.00/each |
| Snapshot Statement Copy | $2.00/each |
| Stop payment/Zero hold Fee | $25.00/each |
Money Market Plus
| Balance | Fee |
|---|---|
| $2,500 or Greater | NO CHARGE |
| Less than $2,500 | $15.00 |
You must deposit $2,500.00 to open a Money Market Plus account. A minimum balance fee will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the statement cycle. Annual Percentage Yield is determined by account balance and is subject to change daily at bank’s discretion. You must maintain a minimum daily balance of $2,500.00 to obtain APY.
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.
Now Checking
| Balance | Fee |
|---|---|
| $1,500 or Greater | NO CHARGE |
| Less than $1,500 | $10.00 |
| Senior Citizens (65 Years+) | NO CHARGE (Must Notify Bank) |
You must deposit $1,500.00 to open a NOW account and maintain a minimum daily balance $1,500 to obtain the Annual Yield Percentage. Annual Percentage Yield is subject to change daily at bank’s discretion. A minimum balance fee will be imposed every statement cycle if the balance in the account falls below $1,500.00 any day of the cycle.
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.
Personal Checking
| Balance | Fee |
|---|---|
| $0 – $99.99 | $9.00 |
| $100 – $299.99 | $8.00 |
| $300 – $499.99 | $7.00 |
| $500 – $699.99 | $6.00 |
| $700+ | $0 |
You must deposit $100.00 to open this account. A minimum balance fee will be imposed every statement if the balance in the account falls below $700.00 any day.
Senior Citizens (65 years+) NO CHARGE
Fulltime Student (To Age 23) NO CHARGE
Regular Savings
| Balance | Fee |
|---|---|
| $250 or Greater | No Charge |
| Less than $250 | $5.00 |
You must deposit $50.00 to open a Regular Savings account. A minimum balance fee will be imposed every statement cycle (quarterly) if the balance in the account falls below $250.00 any day of the quarter. Annual Percentage Yield is subject to change daily at bank’s discretion.
There will be a $2.50 per item charge for each withdrawal more than three (3) per quarter. The quarterly low balance fee will be waived for minors under the age of 18.
Transactions Limitation
You may make only three (3) withdrawals from your account each calendar quarter.
Compounding and Crediting
Interest will be compounded and credited to your account quarterly. 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.
