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Business Checking Comparison

Business Checking Account Comparison

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Business Checking Sole Proprietor Checking Business Advantage Checking Non-profit Checking
Designed for small to medium size businesses with low to moderate level of activity. Designed for sole proprietors with basic checking needs. Designed for medium size business customers with greater transaction volume. Designed for incorporated and unincorporated non­ profit organizations.
Minimum balance to open $100 $100 $100 $100
FEATURES
Business Debit MasterCard® No Fee No Fee No Fee No Fee
Business online banking “Cash Manager” Cash Management service No Fee No Fee No Fee No Fee
Monthly maintenance fee1 $15 $10 $25 $6
No monthly maintenance fee when you meet one of the following requirements during the monthly account cycle:
Average daily collected account balance $5,000 $2,500 $10,000 $1,000
Combined average daily collected balance of in related deposit balances2 $15,000 or more $10,000 or more $30,000 or more $10,000 or more
Other Business is enrolled in “Cash Manager Plus” or “Cash Manager Executive” Cash Management services3 Business is enrolled in “Cash Manager Plus” or “Cash Manager Executive” Cash Management services3 or The monthly maintenance fee will be reduced to $5 when you meet the following requirement during the monthly account cycle:
  • 15 or more point of sale transactions
 Combined average daily collected balance of $75,000 or more in related deposit balances and outstanding balances of related loan accounts2 or Business is enrolled in “Cash Manager Plus” or “Cash Manager Executive” Cash Management services3 Business is enrolled in “Cash Manager Plus” or “Cash Manager Executive” Cash Management services3
The following charges apply if the number of transactions or the dollar amounts exceed the total allowance permitted per monthly account cycle, regardless of the account balance.
Processed transactions More than 200 processed transactions4 – $0.40 per item More than 100 processed transactions4 – $0.40 per item More than 400 processed transactions4 – $0.40 per item More than 100 processed transactions5 – $0.40 per item
Currency & coin supplied or deposited $0.0018 per $1 over $10,000 $0.0018 per $1 over $5,000 $0.0018 per $1 over $20,000 $0.0018 per $1 over $10,000
Analysis and Interest bearing Checking products are also available. Speak with a banker for more information.

1 The monthly maintenance fee is waived for the first two account cycles after opening the account.

2 You must designate the deposit accounts or certificate of deposit accounts and/or related loan account (if applicable) you want us to link to your account for combined balance waivers. For each designated linked account, the period of time that we use as the basis for calculating the balance, and the day that we use to determine the balance, may be different from the monthly account cycle of the benefiting account. The combined balances will be calculated three days before the monthly account cycle date of your account to determine eligibility for maintenance fee waiver.

3 The monthly maintenance fee waiver applies to the account charged for “Cash Manager Plus” or “Cash Manager Executive” Cash Management services.

4 Processed transactions include: checks negotiated, deposits, deposited items, and in-branch withdrawals. Transactions excluded are: ACH debits and credits, and ATM and point of sale transactions.

5 Processed transactions include: checks negotiated, deposits, and in-branch withdrawals. Transactions excluded are: ACH debits and credits, deposited items, and ATM and point of sale transactions.
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