Commercial Checking

Checking - Commercial Checking

For businesses with lots of account activity, the Commercial Checking account will meet your daily operating needs. Our Commercial Checking account requires no minimum balance and allows you to write an unlimited number of checks. In addition, you can deposit an unlimited number of checks into your account per month. You can open this account with as little as $100.

Benefits:

  • Business Debit Card (annual fee applies)
  • No minimum balance
  • Unlimited check writing
  • Earnings credit will be applied monthly to reduce account fees*
  • Online banking, mobile banking and bank-by-phone

*The earnings credit will be calculated by applying the earnings credit rate (based on the yield of the 90 day Treasury Bill maturing closest to month end as determined on the first business day of the month) to the average daily available balance, less maximum reserve requirements assessed by the Federal Reserve, in the account for the statement cycle. The earnings credit cannot exceed your total account fees.

 

Pricing Information:

 

FeesYou will be charged a monthly maintenance fee of $20.00. In addition, you will be charged $0.20 per check, $0.50 per credit, $0.10 per on-us item and $0.17 per not-on-us item deposited. E-Statements are provided at no cost. A $25.00 per month charge will be applied for paper statements. You will earn a credit on this account that will be applied to reduce the account fees. This earnings credit will be calculated by applying the earnings credit rate (based on the yield of the 90 day Treasury Bill maturing closest to month end as determined on the first business day of the month) to the average daily balance, less maximum reserve requirements assessed by the Federal Reserve, in the account for the statement cycle. The total earnings credit cannot exceed your total account fees. Accounts with negative availability will be assessed a charge calculated by applying the bank's reference rate plus 3% to the average daily available balance in the account for the statement cycle. At our discretion, the Bank may change the earnings credit rate and the bank's reference rate.



Disclosures

© 2007 Community Bank | Privacy Notice | Sitemap |