For small businesses with less than 200 transactions per statement cycle
No monthly maintenance charge unless your balance falls below $2,500. If your balance falls below $2,500 any day during the statement cycle your account will be subject to a $10 maintenance fee.
No limit on deposits or transactions.
An Excess Item Fee of $.25 per item will be imposed for all items over 200 per statement cycle. Items include checks paid and deposits or other items posted.
Minimum opening balance $100
For businesses with more than 200 transactions per statement cycle.
No limit on deposits or transactions. A transaction fee of $.10 per item is assessed for each item posted. Items include checks paid and deposits or other items posted.
An earnings credit based on the average 90-day Treasury Bill rate at auction during the prior month is calculated on the average collected balance in the account less 10% reserve. This earnings credit is used to offset the transaction fee.
Minimum opening balance $100
