Business Checking Accounts |
Regular Business Checking |
Money Market Checking |
|---|---|---|
Minimum balance to open |
$100.00 | $2,500.00 |
Average daily balance to avoid service charge |
$300.00* | N/A |
Minimum balance to earn interest |
N/A | $2,500.00 |
Interest compounding frequency |
N/A | Daily |
Interest posting frequency |
N/A | Monthly |
Statement frequency |
Monthly | Monthly |
Number of debits allowed per statement cycle |
Unlimited | 6 Debits |
* $3.00 service charge per statement cycle and $0.10 per debit transaction fee if average daily balance falls below $300.00.
Effective December 1, 2009, transactions restricted by the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) are prohibited from being processed on business accounts.
