For the small business customer whose total items processed each month (checks, deposits, deposited items) do not exceed 500.
This account is designed for selected businesses such as sole proprietorships and public entities who are eligible for interest checking and maintain a minimum balance of $1,500 and whose total activity (checks, deposits, deposited items) does not exceed 500.
(Full Analysis Commercial Checking Plan for Partnerships and Corporations)
|Checks and Debits||.18|
|Deposits or Credits||.40|
|Deposited Items Charge Back||5.00|
|Deposited Currency Per $100.00||.08|
|Currency Per Strap||.30|
|Coin Per Roll||.10|
We allow an earnings credit on collected balances to offset the monthly service charge.
This account was designed specifically for investment of excess funds on a daily basis to enable you to earn a competitive rate of interest via overnight purchase of government securities. With this arrangement, there is an agreement to repurchase the securities on the following business day. This account allows liquidity of funds as needed while it provides for maximum investment opportunities. A collected compensating balance is determined for the General Operating Account to cover all activity fees. Confirmation of the transactions and interest earned under this arrangement are provided daily with a Summary Statement at month end.
*This account is not FDIC insured.
This service was designed for companies that maintain a general operating account as well as separate accounts for payroll, petty cash, etc. With this service, all of your funds are concentrated into one general operating account and as items are presented for payment from subsidiary accounts, funds are automatically transferred from the operating account to cover them. The account balance of the subsidiary accounts, therefore will always maintain a zero balance. This service allows you to maximize your investment opportunity and minimizes the administrative time required to monitor multiple accounts and make the transfers needed. A collected compensating balance is determined for the combination of activity in all accounts and excess funds earn interest at a competitive market rate. For municipalities, these funds are collateralized by the State Treasurer's Pooling Method.