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:
No Service Charge is made to the account during the month unless the earnings credit is insufficient to cover the cost.
Example:
Earnings Credit (assumes 2% Earnings Rate)
Less Service Charges
(total charges of $49.00 less earnings credit of $22.19)
Browse our account options online or visit any of our convenient locations to speak with an FNB representative.
