The Setting Up Your Commercial Account Brochure is a guide to make the account opening process simpler and quicker for our business customers. It explains the documentation requirements to open a business account.
Commercial Savings
Features:
- $100 minimum opening deposit
- Interest Bearing; No minimum daily balance required to earn interest
- Quarterly Minimum Balance Service Charge of $3 if the daily balance drops below $100 any day of the quarter
- A $4 fee (Excess Debit Fee) will be charged on the day of occurrence for each withdrawal or transfer which exceeds six withdrawals during a calendar month. This applies to online transfers made to another account owned by the customer or to a third party by electronic transfer, check, draft, or debit card. Transactions in person with a teller and at ATMs are unlimited with no service fee.
Commercial Money Market
Features:
- $2,500 minimum opening deposit
- Interest Bearing; No minimum daily balance required to earn interest
- Monthly Minimum Balance Service Charge of $10 if the daily balance drops below $2,500 any day of the statement cycle
- A $4 fee (Excess Debit Fee) will be charged on the day of occurrence for each withdrawal or transfer which exceeds six withdrawals during a calendar month. This applies to online transfers made to another account owned by the customer or to a third party by electronic transfer, check, draft, or debit card. Transactions in person with a teller and at ATMs are unlimited with no service fee.
Certificates of Deposit
Features:
- $1,000 minimum opening deposit
- Interest Bearing
- Flexible terms are available - 182 days to 60 months
- Early withdrawal penalties will be imposed
