Business Money Market Checking
Requirements
- $100.00 minimum balance to open
Service Charge
- $20.00 monthly service charge
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Waived with a minimum daily balance of $2,500.00 during
the calendar month.
Disclaimers
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Fees: An excessive debit fee of $5.00 will be charged for each
debit transaction (withdrawal, check paid, automatic transfer
or payment out of this account) in excess of six (6) during a
calendar month.
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Transaction limitations: Transfers from a Commercial Money
Market account to another account or to third parties by
preauthorized, automatic, telephone, or computer transfer or
by check, draft, debit card or similar order to third parties
are limited to six (6) per calendar month.
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Violation of the transaction limitations – Violations
may result in Account Type Change.
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Rate information – the interest rate and annual
percentage yield may change at any time at our discretion.
Interest
will be compounded every month and credited to the account
each statement cycle. We use the daily balance method to
calculate the interest on your account. This method applies a
daily periodic rate to the principal in the account each day.
Interest begins to accrue on the business day you deposit
noncash items (for example, checks).
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