|
|
|
| Business
Products -> Business Savings
|
|
|
|
Business Savings Programs
WesBanco Bank, Inc. is a Member FDIC |
Business Statement Savings

Statement Savings accounts
permit the customer to record transactions in a savings register, which is provided by the bank.
- An initial deposit of $50 is required to open the account;
- Statements are mailed quarterly or portfolio statements are mailed monthly;
- Interest is accrued daily;
- A $9 per quarter or $3 per month fee
is assessed if the daily balance falls below $300;
- Limited transactions to six pre-authorized per month.
Business Prime Rate Money Market Account

For businesses, the WesBanco Prime Rate Money Market Account
permits limited check writing and is interest bearing at
a market index.
- An initial deposit of $10,000 is required to open an
account;
- The interest rate paid is based on balance:
Rate
Tiers:
$0 - $9,999.99
$10,000 -$24,999.99
$25,000.00 - $49,999.99
$50,0000.00 - $99,999.99
$100,000.00 or more |
|
- The interest rate for balances of $100,000 and over
will change whenever the WesBanco Prime Rate changes,
the interest rate for balances below $100,000 are variable
rates;
- Six pre-authorized transfers or withdrawals per month
are permitted, three of which may be checks payable to
third parties. If the transaction limit is exceeded, there
is a $15 per excess item fee assessed to the account.
Subsequent violations may result in changing the account
to a non-interest bearing checking account or an interest
bearing checking account, if account holder is eligible
to hold an interest bearing checking account;
- Statements are mailed on a monthly basis;
- Interest is paid monthly and will appear on monthly
statement;
- Available to all business entities including LLC's and sole proprietors;
- Monthly Maintenance Fee of $10 if the daily balance falls below $10,000;
|
|
| |
|