Business Banking
Business Checking Accounts
If you have any questions about our accounts, please call or email us, and we will be glad to assist you.
Low Volume Business Checking
Business Checking
Business Interest Checking
Security Participation Accounts
Low Volume Business Checking
- Designed for small businesses and farmers with low account activity.
- Initial deposit of $100.00
- Service charge of $8.00 assessed if daily balance falls below $500.00
- 25 free checks or debits; after 25 debits, $.18 fee per item
Business Checking
- For sole proprietorships, partnerships, corporations, and other types of businesses.
- Initial deposit of $100.00
- Monthly maintenance fee of $8.00
- $.18 per check or debit item
- $.12 per deposit item
- Monthly earnings based on average collected balance (This credit will be calculated based on the current 30 day C.D. rate on the 1st of each month multiplied by the average collected balance annualized.)
- Service charge is incurred only when the activity charge exceeds the earnings credit for that month
Business Interest Checking
- For sole proprietorships or qualifying non-profit organizations.
- Initial deposit of $1,000.00
- No service charge if daily balance is above $1,000.00, otherwise, a $10.00 per month charge is assessed
- A transaction fee of $.15 per check or debit item and $.07 per deposited item will be assessed each statement period, regardless of balance
- Interest accrues daily on average collected balances of $1,000.00 or more
- Interest is compounded and credited monthly
Security Participation Accounts
- $25,000.00 Initial deposit required
- Interest will be accrued based on the average collected balance pursuant to a tiered rate structure and will be deposited to the account the last day of the month
- If balance falls below $25,000.00 penalty of $20.00 will be charged
- Monthly service fee of $30.00
- After five transactions, there will be a service fee per transaction
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
