ISB Community Bank offers a variety of business checking account plans in order to accomodate your business. All of our business checking accounts have these features:
- $100 to Open
- No Annual Fee Debit Card
- Free ATM Transactions(1)
- Free 24 Hour Telephone Banking
- Business Online Banking(2,3)
BASIC BUSINESS CHECKING
A unique, no minimum balance, checking account designed for small businesses that deposit 50 or less items and have 50 or less debits per month.
- No Minimum Balance
- No Charge for Deposits
- No Charge for Deposited Items
- 50 Free Debits(4) per month
- If more than 100 Debits per month, per Debit fee is $0.15
SELECT BUSINESS CHECKING
This account is designed for small businesses that deposit 100 or less items and use 100 or less debits per month.
- $500 Minimum Balance(5)
- If minimum balance is not met, monthly fee is $7.00
- No Charge for Deposits
- No Charge for Deposited Items
- 100 Free Debits(4) per month
- If more than 100 Debits per month, per Debit fee is $0.15
ELITE BUSINESS CHECKING
This account is designed for businesses with moderate to high volume of transactions. Business customers will receive a monthly earnings credit based on the average collected balance in the account for the last statement period. The earnings credit will be based on the most recent four week average Federal Funds rate. The earnings credit will be applied to offset certain bank charges, including; monthly maintenance fee, checks drawn on account, checks deposited, deposited checks dishonored, certified checks, stop payments, copies of checks or statements, telephone transfers, wire transfers, and fees for rolled coin and strapped currency. Additional fees will be charged directly to the account.(6) The service charge, if any, would be the difference between the earnings credit and the activity charges. There will be no service charge if the amount of the earnings credit exceeds the activity charges during the statement period.
- Minimum Balance Varies(2)
- $7.00 Monthly Maintenance Fee
- $0.06 Fee per Item Deposited
- $0.15 Fee per Check Drawn on Account
MONEY MARKET
This account has a variable interest rate which may change weekly. Interest compounds monthly. Please ask us for the current annual percentage yield.
- $1,000 Minimum Balance
-If minimum balance is not met, monthly fee is $7.00, plus $0.25 per check/withdrawal for the month
The account is limited to no more than six preauthorized and/or automatic transfers and withdrawals (including telephone and internet banking transfers) during a calendar month. No more than three of these withdrawals may be made by a third party check. There is no limit on the number of in-person withdrawals.
Each debit in excess of regulatory limitations may result in a charge of $2.00 per item.
(1) Other banks may charge usage fees at ATMs not operated by ISB Community Bank unless part of the ATM Access Network. See ATM Access Network brochure for details. (2) See a Relationship Banker for more details. (3) Additional charges apply. (4) Debits include: checks, withdrawals, electronic and ACH transfers, and Debit Card transactions. (5) Monthly fee applies if the account falls below $500 minimum balance any time during the statement cycle. (6) See Current Fee Schedule for more details.
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