Business Checking Account Comparison

Features & Benefits Basic Business Checking 250 Business Checking 500 Business Interest Checking 1
BALANCES AND TRANSACTIONS
MINIMUM OPENING BALANCE $1,000 $5,000 $2,500
MINIMUM BALANCE REQUIREMENT (to waive maintenance fee) $1,000 minimum daily balance OR $2,500 average collected balance 2 $5,000 minimum daily balance OR $15,000 average collected balance 2 $2,500 minimum daily balance OR $5,000 average collected balance 2
TRANSACTION LIMIT: TOTAL ITEMS ALLOWED (debit, credit and items deposited) 250 items 500 items 500 items
MAXIMUM MONTHLY COIN/CURRENCY DEPOSITED $10,000 $20,000 N/A
FEES
OVER MAXIMUM TOTAL ITEM FEE $0.25 $0.25 $0.25
MAINTENANCE FEE (if below the minimum balance requirement) $10 per month $20 per month $15 per month
OTHER SERVICES
ANCILLARY ANALYSIS SERVICES:
  • Cash Management Monthly Fee
  • ACH Capability
  • Wire Capability
  • Positive Pay
  • Remote Deposit Manager

   
  • $20
  • $20
  • $20
  • $20
  • $30
 

 

Business Analysis Checking Business Money Market Business Savings
     
$2,500 $1,000 $5,000
Based on account activity $5,000 minimum daily balance OR $7,500 average collected balance 2 $5,000 minimum daily balance
N/A In addition to this account’s monthly $15 Maintenance Fee, a $10 excessive activity fee will be imposed for any withdrawal and/or transfer that exceeds Regulation D’s six allowable monthly transactions. This excludes in person withdrawals at teller counter and ATM.3 In addition to this account’s quarterly $30 Maintenance Fee, a $10 withdrawal fee will be imposed for any withdrawal and/or transfer that exceeds Regulation D’s six allowable monthly transactions. This excludes in person withdrawals at teller counter and ATM.3
N/A N/A N/A
     
     
Based on account activity $15 per month $30 per quarter
 
1
Only available to sole proprietors, non-profits and governmental units.
2 The average collected balance is the sum of daily ledger balance minus uncollected checks deposited, divided by the number of days in the account’s statement.
3 Per Federal Regulatory ruling, you are not permitted to make more than six withdrawals and/or transfers each month to another account of yours or to a third party by means of: a preauthorized or automatic transfer or telephone order or instruction or Computer transfer through Internet or Mobile Banking and/or by check, draft, debit card or similar order to a third party. This excludes in-person withdrawals at teller counter and ATM. Each withdrawal in excess of six per calendar month for savings will receive a $10 withdrawal fee and monthly statement cycle for money market will receive a $10 excessive activity fee. And, repeated occurrence of excessive activity requires Hamilton State Bank to close such account.
All accounts subject to approval.