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Checks don’t vary much from bank to bank, but people do.
Keeping up in today’s complex business environment demands flexibility, vision and a financial partner that will be with you for the long term. No matter what your business needs, we are dedicated to providing you with the guidance, support, and tools you need to achieve your financial success.
ACCOUNT DETAILS | This account is designed exclusively for sole proprietors or non-profit organizations. Enjoy earning interest while paying low fees. |
MINIMUM DEPOSIT TO OPEN | $100 to open account. |
EARNINGS CREDIT | Yes, any excess is paid as interest.1 |
MONTHLY FEES | $.10 per check $.10 per deposit $.03 per item deposited |
ACCOUNT DETAILS | This account is designed for corporations and larger businesses. Ask your banker to show you how to manage your balance and transactions to minimize fees. |
MINIMUM DEPOSIT TO OPEN | $100 to open account. |
EARNINGS CREDIT | Yes, during higher volume months.2 |
MONTHLY FEES | $5.00 monthly service charge Account Analysis Service Charges3 $.30 per check $.20 per deposit $.05 per item deposited $.05 per ACH or other debit/credit When your account volume is higher than the levels described below, the account analysis service charges will be assessed (minus a $5 credit for charged monthly service charge) for the entire month's activity. An earnings credit will be applied, based on your average collected balance. |
An annual earnings credit is applied against the total service charges based on the average collected balance maintained in the account during the month. An uncollected funds charge is assessed for the use of uncollected funds. 1) Any excess earnings credit is paid to your account as interest. 2) In the event your earnings credit exceeds your account analysis service charge no charges will be assessed for account activity. Any earnings credit balance is not paid or carried over. The $5.00 monthly service charge will still apply. 3) Account analysis service charges will apply if your account activity exceeds 200 checks written, 30 deposits, or 200 ACH items or other debit/credit items per month or 200 items in your deposits per month.
Americana Community Bank makes it easy to open your business account. To begin, gather the following items for each signer and also for each Beneficial Owner and Control Individual*:
Depending upon the type of business account you want to open, please provide the following items as well:
SOLE PROPRIETOR ACCOUNT
CORPORATION ACCOUNT
PARTNERSHIP ACCOUNT
NON-BUSINESS (NON-PROFIT) ORGANIZATION ACCOUNT
LIMITED LIABILITY COMPANY ACCOUNT
LIMITED LIABILITY PARTNERSHIP ACCOUNT
*Beneficial Ownership and Control Individual status applies to accounts opened for Corporations, LLCs, Limited Partnerships, Business Trusts, and other business entities registered under the Secretary of State. All persons owning 25% or more of these businesses are considered Beneficial Owners and must provide the listed information. One person considered to have significant responsibility to control the business must also provide information. Beneficial Owners and Control Individuals do not need to appear in person or provide original documents.
If you’d like your savings to grow faster, turn to Americana Community Bank. As your balance grows, so does the interest you earn. Call us for current rates and account details.