|Minimum Balance to Open||$100|
|Minimum Balance to Obtain APY*||$0|
|Compound Periods Per Year||N/A|
|Interest Paid||This account does not pay interest.|
|Monthly Fee||$10 if average daily balance falls below $500.|
|Statement Frequency||Monthly when you have account activity.|
Commercial, business or farm checking accounts must be maintained for the sole purpose of operating your business.
Minimum balance to open that account
You must deposit $100 to open this account.
Minimum balance to avoid imposition of fees
A minimum balance fee of $10 will be imposed every statement cycle if the average daily balance for the statement cycle falls below $500. There will be an additional fee of $0.20 per debit item if the average daily balance for the statement cycle falls below $500.
The average daily balance
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.
There are no transaction limitations that apply to this account.
When you have activity, you will receive a monthly statement with your check images.