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Business Plus Checking


Ideal for businesses that have high monthly item volumes.

  • No minimum balance requirement
  • Minimum Deposit Requirement of $200.00 to open the account
  • The following charges are applied to the account:

Checks 15¢ each
Deposit tickets 15¢ each
Deposited item 6¢ each
(Includes ACH debits and credits)

  • Charges offset by earnings credit - see Earnings Credit Calculation Example below 

 

Earnings Credit Calculation Example 

Activity Charges
Checks written 400 @ 15¢ $60.00
Deposit tickets 40 @ 15¢ $6.00
Deposited Items 400 @ 06¢ $24.00

Total Activity Charges

$90.00
 
Earnings Allowance  
Average Available Balance $20,000.00
Less Reserve Requirements (3%) ($600.00)
Average Investable Balance $19,400.00

Total Earnings Allowance

$32.33
(2% earnings rate used for illustration purposes only)
 
Service Charge  
Activity Charge $90.00
Minus Earnings Allowance - $32.33
Monthly Service Charge $57.67

The earnings allowance is indexed to the average 91-day Treasury Bill yield for the prior month.






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