Business Checking
Checking account solutions for every business.
| Account Type | Small Business Checking | Commercial Checking | Business Advantage |
|---|---|---|---|
| Minimum balance to open | $100 | $100 | N/A |
| Maintenance fee | $7 | $10 | $25.00 monthly CD-Rom fee $50.00 bi-monthly CD-Rom fee $5.00 for each additional CD-Rom $75.00 yearly CD-Rom fee |
| Free Online Banking | Yes | Yes | Yes |
| Free ATM Check Card | Yes | Yes | Yes |
| Transactions or Deposit charges |
200 total transactions
$.25 fee for each transaction over limit in each category
|
$.05 per item deposited charge
$.25 per deposit charge
|
N/A |
| Small Business Checking | Commercial Checking | Business Advantage |
Small Business Checking
- $100 minimum balance to open
- Avoid a $7.00 monthly maintenance fee with:
- No more than 200 transactions
- 200 transactions - combination of 75 debits, 25 credits and 100 deposited items per statement cycle
- $0.25 fee for each transaction over limit in each category
- No more than 200 transactions
Commercial Checking
Earnings credit is based on a factor set by the Bank of Clarendon. Credit takes average account balance, subtracts the average float and the required reserve of 12% to calculate the average investable funds. Multiply investable funds by the current 91-day Treasury Bill rate to obtain earnings credit.
Checking charges (additional charges may apply):
- $100 minimum balance to open
- $10.00 monthly maintenance fee
- $0.15 per check charge
- $0.05 per item deposited charge
- $0.25 per deposit charge