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Business Checking Services
- FREESTAR Business Checking
- Business Advantage Checking
- Business Now Account
- Cash Management Repurchase "Sweepo" Account
- Re-order Checks
This Business checking account is ideal for small to mid-sized businesses with moderate checking activity. If total monthly transactions are less than 200, this account is FREE. Transactions include all checks written, all items deposited, and any automatic debits or credits to the account. One of our Relationship Managers will be happy to discuss this account in further detail. Excess transactions over the limit are assessed $0.25 each. BUSINESS ADVANTAGE CHECKING
This account is designed for corporations, partnerships, LLC's or other businesses with high volumes of activity that wish to have monthly fees offset by account balances. (An earnings credit is computed on your average collected balance and used to offset service activity fees.) A $10 maintenance fee is assessed, with discounted per item fees for debits and credits posted to the account(s). Please call one of our Relationship Managers for more details! BUSINESS NOW ACCOUNT
As a Sole Proprietor, Not-for Profit Organization or Small Business, you may qualify for an interest bearing checking account. With a Business NOW account, you will enjoy the flexibility of a checking account with the added benefit of monthly interest. Maintain a minimum balance of $500 to avoid a $8 monthly service charge. This account is subject to certain activity fees, which can be offset by the interest you earn on your account balances. Certain business types are restricted by law from having an interest bearing account. CASH MANAGEMENT REPURCHASE “SWEEPO” ACCOUNT
Our two- way Repurchase agreement Sweepo Account is an automated, overnight investment product designed to invest excess cash balances. Benefits of this account relationship include maximized interest income, no daily investment decisions, and funds are swept after honoring presented checks on your account- avoiding overdrafts! Each evening, we will invest the available funds in excess of a pre-determined target balance from your transaction account and deposit the funds into an interest-bearing account. Investment funds are collateralized by overnight purchase of government securities made with an agreement for repurchase of the securities by the bank the following business day. The tiered, competitive interest rates are a simple interest rate set by the bank, and interest is paid monthly to the account based on the customer’s daily collected balance in the account.
Contact one of our Relationship Managers for details on how we can help you make the MOST of your hard-earned money!
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