Checking
Available with your EBANK Business Checking Account:
- Online Services: Online Banking, Business Bill Pay, eStatements, Mobile Banking
- Business Debit Cards
- Check images with your monthly statement
- Merchant Processing
- Remote Capture
- Payroll & ACH
Small Business Checking
| Transaction Fees | |
|---|---|
| Debit entries (in excess of 30) | $0.25¹ each |
| Credit entries and deposited entries (in excess of 60) | $0.20¹ each |
Minimum deposit to open the account – $100.00
A $5.00 minimum balance fee will be imposed every statement cycle, if the balance falls below $1,000.00 during any day of the cycle.
Business Analysis Checking
Minimum deposit to open the account – $100.00
| Schedule of Charges | |
|---|---|
| Monthly account maintenance | $10.00¹ |
| Debit entries | $0.20¹ |
| Credit Entries | $0.20¹ |
| Deposited items | $0.07¹ |
| Accounts with a negative average collected balance will be charged our base lending rate plus 1.00% on these uncollected balances. | |
Business Analysis Checking Example
| Earnings | |
|---|---|
| Average collected balance | $150,000.00 |
| Less 10% reserve requirement | $15,000.00 |
| Net balance available for investment | $135,000.00 |
| Earnings credit² | $24.85 |
| Activity Charges | |
|---|---|
| Account maintenance | $10.00¹ |
| Activity charges - 50 debit entries @ $0.20 | $10.00 |
| 15 check entries @ $0.20 | $3.00 |
| 100 checks deposited @ $0.07 | $7.00 |
| Activity Charges | $30.00 |
| Service Charge Summary | |
|---|---|
| Total activity charges | $30.00 |
| Less earnings credit | $24.85 |
| Net analysis | $5.15* |
| Sales tax | $0.31 |
| Total charges | $5.45 |
¹ Fees subject to state and local option sales tax.
² Earnings credit computed on the average 91-Day Treasury bill Auction Rate from the last auction of the previous month, as found in the Wall Street Journal. This example was computed at 0.224% per annum using a 30-day month.
