| Business Checking | ||
| At a Glance |  |
A business checking account that is available to any business, corporation, partnership or sole proprietorship. |
| Best For | Business customers who want a basic checking account with unlimited check writing abilities. | |
| Features |
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Minimum Balance |
$750 | |
| Fees | A minimum balance fee of $6.50 will be imposed every statement cycle if the daily balance in the account falls below $750 during the statement cycle. | |
| Premium Sweep Account | ||
| At a Glance | |
A business checking account that is available to any business, corporation, partnership or sole proprietorship. |
| Best For | Businesses who have excess cash in your checking account. The Premium Sweep Account lets you earn a maximum amount of interest with the least amount of worry and still have unlimited check writing privileges. The Premium Sweep Account is a business checking account that is tied to a repurchase agreement. Balances greater than target balance (sweep point) in the customer’s checking account will be swept into a repurchase account overnight and will earn interest income. | |
| Features | With the Sweep Account all cash above a predetermined amount in your checking account ¬ the “sweep point” ¬ is automatically swept at the end of each day. Every dollar that is swept out of your account is promptly put to work earning interest in $500 increments. Conversely, if your checking balance drops below the present sweep point, money is automatically swept back to maintain that minimum balance. | |
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Minimum Balance |
The minimum balance is called the “sweep point” and is determined by First National Bank. | |
| Fees | A one-time charge of $25 is charged each month that the checking balance falls below the sweep point. | |
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