Commercial
Checking Options
Regular Checking Account -Allows
customers to access funds by On-line Banking, ATM card, ShazamChek
Debit Card, Tele-Banker, or by traditional check. A minimum
deposit of $50.00 is required to open a new account. If the
average daily balance falls below $250.00, there is a service
fee of $0.15 per each debit transaction (withdrawal, check
paid, automatic transfer, or payment out of your account).
Images of your canceled checks are returned monthly with your
statement. You must deposit $50.00 to open a new Regular Checking
Account.*
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| NOW Checking Account
-Earns interest and requires an average minimum balance of
$1,500.00 in order to avoid service charge fee. Customers
can access funds by On-line Banking, ATM card, ShazamCheck
Debit Card, Tele-Banker, or by traditional check. A minimum
deposit of $1,500.00 is required to open a new account. If
the average daily balance falls below $500.00, a service charge
fee of $4.00 is implemented and a $0.15 fee per debit transaction
(withdrawal, check paid, automatic transfer, or payment out
of your account) is imposed. If the average daily balance
falls between $500.00 and $999.99, a service charge fee of
$3.00 is implemented and a $0.15 fee per debit transaction
(withdrawal, check paid, automatic transfer, or payment out
of your account) is imposed. If the average daily balance
falls between $1000.00 and $1499.99, a serve charge fee of
$2.50 is implemented and a $0.15 fee per debit transaction
(withdrawal, check paid, automatic transfer, or payment out
of your account) is imposed in excess of 25 items during a
statement cycle. The average daily balance is calculated by
adding the principal in the account for each day of the period
and dividing that figure by the number of days in the period.
We may change your interest rate and annual percentage yield
at any time. Interest will be compounded every month. Interest
will be credited to your account every month. Images of your
canceled checks are returned monthly with your statement.*
Super Now Checking Account -
Earns interest and requires a minimum daily balance of $2,500.00
in order to avoid service charge fee. Customers can access
funds by On-line Banking, ATM card, ShazamCheck Debit Card,
Tele-Banker, or by traditional check. A minimum deposit of
$2,500.00 is required to open a new account. If the daily
balance falls below $2,500.00, a service charge fee of $10.00
is implemented. The daily balance is calculated by adding
the principal in the account for each day of the period and
dividing that figure by the number of days in the period.
Interest will be compounded every month. We may change your
interest rate and annual percentage yield at any time. Interest
will be credited to your account every month. Images of your
canceled checks are returned monthly with your statement.*
Money Market Deposit Account
- Earns interest and has transaction limitations. Customers
can access funds by On-line Banking, ATM card, ShazamCheck
Debit Card, Tele-Banker, or by traditional check. A minimum
deposit of $20.00 is required to open a new account. Transfer
from a Money Market Deposit account to another account or
to third parties by preauthorized automatic, telephone, or
computer transfer are limited to six per statement cycle with
no more than three by check, draft, or similar order to third
parties. The minimum amount you can withdraw is $300.00 per
each check, transfer, or debit item. The daily balance is
calculated by adding the principal in the account for each
day of the period and dividing that figure by the number of
days in the period. We may change your interest rate and annual
percentage yield at any time. Interest will be compounded
every month. Interest will be credited to your account every
month. Images of your canceled checks are returned monthly
with your statement.
* Service charges are subject to Iowa state
sales and local option tax. |