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Business Banking
Commercial Account Service Charge Program
Small Business
| Service | Fee |
|---|---|
| Maintenance Fee Waived if monthly average ledger balance exceeds $1,000.00. |
$5.00 |
| Charge per debit No charge for the first 25 debits paid each statement cycle. |
$.10 |
| Charge per credit | No charge |
| Charge per float item | No charge |
Credit applied to the monthly service charge is calculated as follows:
Monthly Average Ledger Balance
-
Federal Reserve Requirement of 10% of the monthly average Ledger Balance
=
Net Monthly Average Ledger Balance
The credit of $.10 per $100.00 on the Net Monthly Average Ledger Balance is applied to the Monthly Service Charge.
Large Business
| Service | Fee |
|---|---|
| Maintenance Fee | $5.00 |
| Charge per debit | $.10 |
| Charge per credit | No charge |
| Charge per float item | $.035* |
Credit applied to the monthly service charge is calculated as follows:
Monthly Average Collected Balance
-
Federal Reserve Requirement of 10% of the monthly average Collected balance
=
Net Monthly Average Collected balance
Credit earned on the Net Monthly Average Collected Balance is applied to the Monthly Service Charge. The earnings credit is based on the 91-day T-Bill rate for the previous three months.
- *
- Subject to change based on clearing house charges.