|
Citizens Community Bank offers
a variety of Business Accounts for our Business customer.
Select the following account type from the list below for more information.
BASIC
BUSINESS ACCOUNT
$100.00 minimum opening balance
Fees
No charge for 30 checks: each additional check
- $0.25
No charge for 20 deposits; each additional deposit
- $0.40
No charge for 100 deposited items; each additional item
- $0.15
 If
$1,000.00 minimum balance, or $1,500.00
average collected balance is not maintained, an $8.00 monthly fee will be assessed.
Night Depository Service Available for Business Customers—No Charge
BUSINESS CHECKING
Minimum Opening Deposit
$100.00
Fees
$15.00 monthly maintenance charge
$0.25 per check written
$0.10 per item deposited
FDIC Assessment ........ $0.1916 per $1000.00 average ledger balance
A credit allowance will be calculated using the average collected balance times 75% of the 91-day
T-BiII interest rate
Night Depository Service Available for Business Customers—No Charge
BUSINESS
PASSBOOK SAVINGS
Minimum opening deposit
- $50.00
Interest will be credited through the end of the calendar quarter.
Excess of
4 withdrawals per month - $5.00 each withdrawal
(Including ATM & preauthorized transfers.)
Night Depository Service Available for Business Customers—No Charge
The quarterly service fee is waived for Minors up to age 22 and Not-for-profit organizations.
| Collected
Balance |
Annual Percentage Yield
and Interest Rate |
|
$0 - $9,999.99
|
%*
|
|
$10,000.00 - $24,999.99
|
%* |
|
$25,000.00 - $49,999.99
|
%* |
|
$50,000.00 and over
|
%* |
|
*This account type is not
governed by the Truth-in-Savings Regulation; however, these interest rates
are subject to change at our discretion. Account holders may obtain the
interest rates currently available by contacting or calling the bank.
NOW ACCOUNT BUSINESS
Minimum Opening Deposit $1,000.00
Unlimited number of checks can be written
Night Depository Service Available for Business Customers—No Charge
|
Collected Balance |
Annual Percentage Yield &
Interest Rate |
|
$0 - $2,499.99 |
%* |
|
$2,500.00 - $9,999.99 |
%* |
|
$10,000.00 or over |
%* |
| *This account type is not
governed by the Truth-in-Savings Regulation; however, these
interest rates are
subject to change at our discretion. Account holders may obtain the
interest rates currently
available by contacting or calling the bank.
There is a monthly service charge of
$15.00.
Additional fees are as follows:
- $0.25 per check written
- $0.10 per item deposited
- If a minimum balance of $1,000.00 or an average balance of $2,000.00 is not maintained, an additional
charge of $10.00 per month will be assessed.
FEDERAL REGULATION PROHIBITS CORPORATE
AND PARTNERSHIP NOW ACCOUNTS |
PREMIUM
MONEY MARKET - BUSINESS
Minimum Opening Deposit $5,000.00
Night Depository Service Available for Business Customers—No Charge
| Collected Balance |
Annual Percentage Yield
and Interest Rate |
| Up to $4,999.99 |
%* |
| $5,000.00 - $14,999.99 |
%* |
| $15,000.00 - $34,999.99 |
%* |
| $35,000.00 - $49,999.99 |
%* |
| $50,000.00 - $99,999.99 |
%* |
| $100,000.00 and over |
%* |
|
* This account type is not governed by the Truth-in-Savings Regulation: however, these
interest rates are
subject to change at our discretion. Account holders may obtain the
interest rates currently
available by contacting or calling the bank.
Additional charges are as follows:
- $10.00 per check cleared in
excess of three per statement cycle.
- $10.00 per withdrawal in excess
of six per statement cycle (including ATM/ACH debits). To avoid
service charges of $15.00 per month, a minimum balance of $5,000.00 or an average collected balance of
$10,000.00 must be
maintained.
|
| Fees |
| Paid/Returned NSF Items |
$28.00 |
| Stop Payment/Renewals |
$28.00 |
| Special Statements |
$3.00 |
CITIZENS RESERVE
Automatic checking overdraft protection
A line of credit is available, as needed, up to a pre-approved
limit.
(Credit qualification and restrictions apply.)
Contact us for an application.
MISCELLANEOUS FEES
|
NSF (Returned) items |
$28.00 |
|
Paid Overdraft items |
$28.00 |
|
Continuous Daily Overdraft Fee |
$5.00 |
|
Stop Payment Orders/Renewals |
$28.00 |
|
Special Statement |
$3.00 |
Check Printing fee
|
Fee depends on style of checks
ordered |
|
Check cashing (non-customer) |
$10.00 |
| Personal Money Order |
$4.00 |
| Cashier Checks |
$6.00 |
|
Wire Transfer - outgoing |
$25.00 |
|
Wire Transfer - incoming |
$20.00 |
| Wire Transfer - Out of Country |
$50.00 |
|
Collection item - incoming and outgoing |
$20.00 |
|
Notary Service |
$1.00 |
|
Photocopies |
$1.00 |
Research time per hour
Research copies ($4.00 each) |
$90.00 |
|
Coin Counting - Non customer |
$10.00 |
|
Dormant Checking & Savings Accounts -
(Inactive four years) |
$ 5.00 -
per month |
|
Auto Transfer from Savings to Cover Overdraft |
$5.00 |
| Repeat Calls for Overdrafts |
$5.00 |
| Garnishments & Levies |
$100.00 |
| Telephone Transfers |
$2.00 |
| Coin Disbursements
(non-customer) |
$5.00 |
| License Sticker Fees |
$5.50 |
| Green Medallion Signature
Guarantee |
$30.00 non-customer |
Business accounts are assessed
18% interest on overdrawn balances.
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