Commercial Checking (D.D.A.)
Negotiable Order of Withdrawal (N.O.W.) Small Business Account

COMMERCIAL CHECKING (D.D.A.)

The non-interest bearing account for corporations and other businesses with higher volume transactions and requirements. This account is designed to reward the customer who keeps higher balances to offset the services used.

Account Features

• Detailed monthly statements showing all account activity.
• Unlimited check writing privileges
• No minimum balance fee if you maintain an average daily balance of $2,500.00.

Other Information

Minimum Balance to Open Account - An opening balance of $500.00 or more is required.

Fees - A minimum balance fee of $10.00 will be assessed each monthly statement cycle if the average daily balance falls below $2,500.00.

Interest - While federal regulations prohibit the payment of interest on commercial accounts, sole proprietors and certain non-profit organizations may qualify for a Negotiable Order of Withdrawal (N.O.W.) Small Business Account. Contact a Customer Service Representative for details.

* All commercial checking account transactions and services (excluding the minimum balance fee) are subject to account analysis based on the activity in the account, average collected balances and earnings rate factors. Please contact a Customer Service Representative for more information.

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NEGOTIABLE ORDER OF WITHDRAWAL (N.O.W.) SMALL BUSINESS ACCOUNT

An interest bearing checking account for unincorporated businesses. This account is designed for the smaller businesses and rewards the customers maintaining higher balances.

Account Features

• The annual percentage yield on your N.O.W. account is based on the balances you keep in your account, the larger your balance, the higher your annual percentage yield.
• Detailed monthly statement showing all account activity.
• Unlimited check writing privileges.
• No minimum balance fee if you maintain an $2,500.00 average daily balance.

Other Information

Rate Information - The interest rate and the annual percentage yield may change at any time. Call us to check our current interest rates.

Minimum Balance to Open an Account - An opening balance of $500.00 or more is required.

Fees - A minimum balance fee of $10.00 will be assessed each monthly statement cycle, if the average daily balance falls below $2,500.00.

* All commercial checking account transactions and services (excluding the minimum balance fee) are subject to account analysis based on the activity in the account, average collected balances and earnings rate factors. Please contact a Customer Service Representative for more information.

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