Business Checking Account
All Cash Management begins with a business checking account.
Your checking account is the foundation of the relationship
with our bank and becomes the primary account to add
additional features, to meet your specific needs. Listed
below are the two most popular types of checking
accounts for your business.
- Regular Business Account
- Business Analysis Account with compensating balances assist in offsetting the basic fees of the account.
Our bank has two additional features that can be used
individually or in combination with each other. As you
choose one or both of the following, a threshold balance
will be calculated to cover any service charges through
our account analysis program. This will determine the
amount of funds to be kept in your Business Analysis Account.
COMMERCIAL LINE OF CREDIT
12-month Business Operating Line of Credit. You may be able to access this
Line of Credit by contacting the Credit Department or by using your
Ask about our SWEEP ACCOUNT. Have money transferred automatically to and
from your Business Accounts or your Business Line of Credit upon YOUR designated
HI-FI MARKET ACCOUNT(Deposit Account-FDIC Insured to $250,000.)
You must open this account with $2500. A minimum
balance of $1000.00 is required to obtain the current
interest rate. This account compounds interest
monthly, with a tiered interest rate schedule. Six
per month is allowed without any additional charge.
You will receive monthly statements on this account,
that can be linked to your checking account statement.
Daily transfers from your business checking account
can be done with collected funds via the Internet
CERTIFICATE OF DEPOSITA minimum of $1000.00 is required to purchase a
CD. We have terms from 7 days to 5 years.
Interest may be paid by check, compounded, or
automatically deposited to your checking or savings
March 10, 2014
March 10, 2014