Business Money Market
|Good for you if...||You are looking for a business checking that has more than 250 processed items per month||You have under 250 processed items per month||You have less than 50 withdrawals per month||You are looking for a way to save with interest paid on ledger balance and have limited withdrawals|
|Minimum $ to Open||$100||$100||$5,000||$25,000|
|Monthly Service Fee||
$15 per statement cycle
Debit Fee: $.15 per item
Deposit Fee: $.30 per item
Item Deposit Fee: $.06 per item
|ZERO if under 250 processed items. ($0.50 per item over 250)||$15 if daily balance falls below $5,000||$25 if daily balance falls below $25,000 during statement cycle|
|Account Statement||$2 fee if mailed, eStatements* are free||$2 fee if mailed, eStatements* are free||$2 fee if mailed, eStatements* are free||Free|
|No Fee Debit Card|
||Earnings Credit 0.10%**|
|Can Upgrade to Treasury Management|
|Number of withdrawals allowed per month
||Unlimited||250 processed items***||50 withdrawals****||6 withdrawals****|
**The earnings credit will be calculated by applying the periodic earnings credit rate to the average daily balance in the account for the period. This above Earnings Credit can change anytime at our discretion. The period we use is the monthly statement cycle.
***Processed items include checks written and deposited including the deposit ticket.
****Limitations are Transfers or Debits/Withdrawals from this account to another account or to a third party by means of: preauthorized, automatic, or telephone. A $15 fee is charged for each excessive debit/withdrawal.