Commercial checking is an analyzed account designed for businesses with high transaction activity or treasury management needs. You’ll enjoy an earnings credit allowance based on account balances that can help reduce or eliminate monthly service charges.

If your business doesn’t have high transaction volume and balances, take a look at our Free Business Checking account.

Limitations: You must deposit $100.00 to open this account.

Account Fees: $10.00 monthly maintenance fee. FDIC insurance assessment of $0.16 per hundred based on average monthly balance. The following fees are assessed based on account activity:
$0.30 per Deposit
$0.08 per Item Deposited
$0.10 per Electronic Debit
$0.15 per Check Written and Cleared

The charge for advances against uncollected funds is 14.50%. Overdrawn balances accrue interest at 21.00 APR.

An earnings credit to offset accrued service charges will be computed using a tiered structure. The earnings credit is computed on the average monthly collected balance less reserves. The average balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.