Business Checking Comparison
| Community Champion | Premier | Analysis | |
|---|---|---|---|
| For smaller businesses or organizations with lower balances and transactions. | For medium to larger businesses with higher balances and moderate transactions | For businesses with higher transactions & multiple Treasury Services needed. | |
| Minimum opening balance | $100 | $100 | $100 |
| Monthly service charge | $0 | $35 | $25 |
| Average monthly balance to waive fee | $0 | $10,000 |
$1,000 average daily ledger balance $0.12 fee per occurence |
| Free transaction items per month (deposited items, checks, in person cash withdrawal, ACH debits and credits) | 29 | 75 | 0 |
| Fee for each additional item | $0.20 | $0.20 |
$0.20 per debit/check paid $0.90 per paper deposit $0.40 electronic deposit $0.15 per item deposited |
| Free cash and currency deposits (monthly) | $7,500 | $15,000 | $15,000 |
| Additional cash/coin deposits (monthly) | $0.16 per $100 deposited | $0.16 per $100 deposited | $0.16 per $100 deposited |
| Business Debit Card | Free | Free | Free |
| Online Banking & Online Bill Pay | Free | Free | Free |
| Dividends (compounds daily, pays monthly) | Yes, on balances $5,000 and above | No | No |
| Statements monthly fee |
$5.00 $0 with eStatements |
$5.00 $0 with eStatements |
$5.00 $0 with eStatements |
| Deposit Reconciliation fee | $5.00 per deposit | $5.00 per deposit | $5.00 per deposit |
| Out of network ATM fee | Surcharge fee plus $2.50 | Surcharge fee plus $2.50 | Surcharge fee plus $2.50 |
| Other | Earnings credit rate for maintaining higher balances, offset for monthly service charges |
Criteria for Analysis Account: minimum balances for operating accts (chkg) under 1 EIN, $250k or higher and a minimum of $135 monthly fees