Free Business Checking
Analysis Business Checking

Free Business Checking

Free Business Checking accounts are non-interest bearing accounts designed for our business customers who process less than 200 items during a monthly statement cycle. There will be no earnings allowance calculated on any account that incurs a fee for processing in excess of 200 items.

• $50 minimum opening balance;
• No minimum monthly balance requirement;
• The first 200 items processed per statement cycle are free, additional items will be processed at a fee of $.40 each.
• There is no charge for any electronic debit or credit;
• NSF fees, Overdraft fees, Stop payment fees, and other miscellaneous fees will be in accordance with the current fee schedule;
• Monthly statements provided with images;
• Non-interest bearing;
• Up to three (3) free accounts.
  

  Night Depository Services Authorized Disposable bags (per bag)   No charge Locked Bag processed (per bag w/out customer present)   $2.00 Locked Bag processed (per bag with customer present)   $5.00 Locked Bag held overnight (per bag picked up unprocessed)   $5.00             Cash Handling Charges Cash Deposited (after first $25,000 per month)   $.10/$100 Coin provided (per roll)   $0.05 Currency provided (per strap)   $1.00       CD ROM Imaging (per CD)   $25.00

  
  Additional Fees May Apply.

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Analysis Business Checking

Business Account Analysis Checking Accounts permit unlimited transactions and are non-interest bearing. Business checking accounts with 200 or more items processed during a monthly statement cycle will be set up as Account Analysis accounts.

• A monthly Service Fee will be calculated, based upon the table detailed below;
• An initial deposit of $50 is required to open the account;
• No minimum monthly balance requirement;
• The account is available to any business, including sole proprietors and individuals doing business under a trade name;
• Image statements are mailed monthly;
• Non-interest bearing.

Account analysis is a process whereby the Bank monitors all account activity of the business customer as well as any additional service rendered in conjunction with the processing of items on statement processing day.  All transactions occurring during the month are accumulated and assessed a cost (see chart below for cost of each transaction).  In addition, the bank monitors the average collected balance and applies a market based rate to determine the account's earning credit.  The earnings credit is applied to the cost of processing.  If the earnings credit exceeds the cost of processing, no monthly fee is assessed.  If the cost of processing exceeds the earnings credit, the net cost represents the monthly fee and the monthly fee will be deducted from the business account .  Business customers have the option of maintaining a collected balance to offset cost of processing or have a monthly fee assessed.

The Bank also has the ability to offer a combined analysis for multiple accounts, so that you can take full advantage of your banking relationship.

Analysis Business Checking is designed to allow businesses having in excess of 200 items per month (each check paid, deposited or cleared) the opportunity to offset banking service fees with earnings credit based upon the net investable balance of the account or combined accounts.

Account analysis charges are automatically charged to the account.
Additional Fees May Apply.