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Commercial Checking AccountMonthly Service Fees are based on Account Analysis Format using the following: Average Collected Balance less Reserve Requirements x Earnings Rate* 365 Days X Number of days in Month = Earnings Credit
Earnings Credit: Less: Maintenance Fee of $10.00 Less: Number of checks x $.12 cents Less: Number of Deposited Items x $.06 cents Less: FDIC Insurance Coverage Less: Miscellaneous Services Equals Activity Cost If the activity cost is equal to or less than the monthly earnings credit there is no service fee for the month. Earnings credit are not credited to an account nor carried forward to the next month.
*Earnings rate is the current money market rate. Commercial All-In-One AccountAbout the Account - Designed for the small business customer that prefers a fixed monthly services charge that eliminates other miscellaneous charges. Features include:
Fixed Monthly Fee: $15.00 |
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