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Business Analysis Checking

Minimum Opening Balance is $500.00.

Business checking account fees are determined by the balance and activity of each individual account. If you maintain balances that offset your account’s activity cost your account may never incur a service charge. An earnings rate is calculated monthly based on the 90-day Treasury Bill Rate for the most recent 30-day period. This rate is applied to your account’s “Balance Available for Investment” which is the average positive collected funds less 10% of that balance. The result is your earnings credit.

If an average negative collected balance occurs, the rate of prime plus 2% will be charged along with the following activity charges:

Each Check Paid

$0.13
Each ACH Debit

$0.05
Each Deposit Posted

$0.25
Each ACH Credit

$0.05
Each On Us Deposited Item

$0.02
Each Foreign Deposited Item

$0.05

No Service Charge is made to the account during the month unless the earnings credit is insufficient to cover the cost.

Example:

Balance

$15,000.00
Less 10%

$1,500.00
Balance Available for Investment

$13,500.00

Earnings Credit (assumes 2% Earnings Rate)
Less Service Charges

150 Checks at 0.13

$19.50
10 ACH Debits at 0.05

$0.50
50 Deposits at 0.25

$12.50
50 ACH Credits at 0.05

$2.50
200 On Us Items Deposited at 0.02

$4.00
200 Foreign Items Deposited at 0.05

$10.00
Total Charges

$49.00
Net Service Charge

$26.81

(total charges of $49.00 less earnings credit of $22.19)

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