Business Checking

Value Business Checking

Non-interest-bearing account for low transaction businesses

No minimum opening deposit.
$5.00 monthly service charge waived if $500 minimum balance is maintained.
First 25 withdrawals and 25 deposited items free; .25 per item thereafter, in each category.
Monthly imaged statement.

Basic Business Checking

Available to most small businesses including corporations, limited liability companies, sole proprietorships, not-for-profit organizations, certain trusts, escrow accounts, pension funds, government entities, and other political subdivisions.

$500.00 minimum opening deposit.
$6.00 monthly service charge waived if $500 minimum balance is maintained.
Activity fees of .12 per debit and .06 per item deposited.
A variable earnings credit applied to account's Average Collected Balance.
Monthly imaged statement.

Business Interest Checking

Certain entities (such as for-profit businesses) are not eligible for Interest Checking Accounts

$1,500.00 minimum opening deposit.
$1.00 minimum balance to obtain stated APY**.
$10.00 monthly service charge waived if $1,500 minimum balance is maintained.
Activity fees of .12 per debit and .06 per item deposited.
Monthly imaged statement.

Business NOW Checking

$1,500.00 minimum opening deposit.
$1.00 minimum balance to obtain stated APY**.
$10.00 monthly service charge waived if $1,500 minimum balance is maintained.
Activity fees of .12 per debit and .06 per item deposited.
Monthly imaged statement.
Iolta Now Accounts will incur ONLY a monthly service charge amounting to the lesser of $15 or the account's monthly interest earned.
We reserve the right to require not less than 7 days written notice before any withdrawal from an interest-bearing account other than a time deposit or demand deposit or from any other savings account as defined by Regulation D.

**All interest checking and savings accounts are variable rate accounts with the interest rate and Annual Percentage Yield subject to change by any amount daily at bank's discretion. Interest is compounded and credited monthly. Interest begins to accrue no later than the business day you deposit noncash items. Interest is compounded using the daily balance method, by applying a periodic rate to the full amount of principal in the account each day. Closing the account before interest is credited will forfeit the accrued interest. We reserve the right to require not less than 7 days written notice before any withdrawal from an interest-bearing account other than a time deposit or demand deposit, or from any other savings account as defined by Regulation D. Fees on all accounts may reduce earnings.