Business Banking

BASIC ACCOUNTS

Basic Business Account

Minimum opening balance – $100.00
Monthly Maintenance Service Charge – $8.00
Night Depository Service Available for Business Customers-No Charge

Fees
No charge for 30 debits: each additional debit – $0.25
No charge for 20 deposits; each additional deposit – $0.40
No charge for 100 deposited items; each additional item – $0.15
To avoid the $8.00 Monthly Maintenance Service Charge a minimum balance of $1,000.00, or a $1,500 average collected balance must be maintained.

Business Checking

Minimum Opening Deposit – $100.00
Monthly Maintenance Service charge – $15.00
Night Depository Service Available for Business Customers-No Charge

Fees
$0.25 per debit item
$0.10 per item deposited
FDIC Assessment $0.1916 per month of average ledger balance if less than or equal to $100,000.00.
An earnings credit allowance will be calculated using the average collected balance times 75% of the 91 Day T-bill interest rate.

shaking-hands-citizens-community-bank-image

Business Passbook Savings

Minimum opening deposit – $50.00
Interest will be credited through the end of the calendar quarter
Quarterly Maintenance Service Charge – $5.00
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 Not-for-profit organizations.

Balance FromInterest RatesAPY
UP TO - $9,999.990.15%0.15%
$10,000.00 to $24,999.990.15%0.15%
$25,000.00 to $49,999.990.20%0.20%
$50,000.00 - AND OVER0.20%0.20%

 

  • Variable Rate: The interest rate and annual percentage yield for your account depends upon the applicable tier. The interest rate and annual percentage yield for these tiers may change daily.
  • APY – The Annual Percentage Yield assumes interest will remain on deposit until maturity. Withdrawals and Fees will reduce earnings.
  • METHOD OF CALCULATION: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
  • EFFECT OF CLOSING AN ACCOUNT: If you close your account before interest is credited, you will receive the accrued interest.

To avoid a $5.00 Quarterly Maintenance Service Charge, a minimum daily balance of $50.00 for the quarter must be maintained.

*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 – Organization

Not-for-profit or charitable organizations

Minimum Opening Deposit $1,000.00
Unlimited number of checks can be written
Night Depository Service Available for Business Customers-No Charge

Balance FromInterest RatesAPY
UP TO - $2,499.990.05%0.05%
$2,500.00 - $9,999.990.05%0.05%
$10,000.00 - AND OVER0.05%0.05%

 

  • Variable Rate: The interest rate and annual percentage yield for your account depends upon the applicable tier. The interest rate and annual percentage yield for these tiers may change daily.
  • APY – The Annual Percentage Yield assumes interest will remain on deposit until maturity. Withdrawals and Fees will reduce earnings.
  • METHOD OF CALCULATION: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
  • EFFECT OF CLOSING AN ACCOUNT: If you close your account before interest is credited, you will receive the accrued interest.

*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.

We do not service charge accounts for the not-for-profit or charitable organizations.

INTEREST BEARING ACCOUNTS

Income Plus Business Checking

Minimum opening deposit – $100.00
Monthly Maintenance Service Charge – $15.00
Night Depository Service Available for Business Customers-No Charge

Per Debit Item $0.25
Per Item Deposited $0.10
FDIC Assessment $0.1916 per month of average ledger balance if less than or equal to $100,000.00

 

Collected Balance Annual Percentage Yield &
Interest Rate
$ 0.00 – $9,999.99 *
$10,000.00 – $49,999.99 *
$50,000.00 – $99,999.99 *
$100,000.00 and up *

 

* 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.

Premium Money Market – Business

Minimum Opening Deposit $5,000.00
Monthly Maintenance Service Charge – $15.00
Night Depository Service Available for Business Customers-No Charge

Additional Fees are as follows:

$10.00 per withdrawal in excess of six per statement cycle (including checks, Debit Cards/ACH debits, telephone and online transfers) to avoid a Monthly Maintenance Service Charge of $15.00 per month, you must maintain either a minimum daily balance of $5,000.00 or an average collected balance of $10,000.00 for the monthly statement cycle.

Balance FromInterest RatesAPY
$0.00 to $4,999.990.05%0.05%
$5,000.00 to $14,999.990.10%0.10%
$15,000.00 to $34,999.990.15%0.15%
$35,000.00 to $49,999.990.15%0.15%
$50,000.00 to $74,999.990.20%0.20%
$75,000.00 to $99,999.990.20%0.20%
$100,000.00 AND OVER0.25%0.25%

 

  • Variable Rate: The interest rate and annual percentage yield for your account depends upon the applicable tier. The interest rate and annual percentage yield for these tiers may change daily.
  • APY – The Annual Percentage Yield assumes interest will remain on deposit until maturity. Withdrawals and Fees will reduce earnings.
  • METHOD OF CALCULATION: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
  • EFFECT OF CLOSING AN ACCOUNT: If you close your account before interest is credited, you will receive the accrued interest.

* 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.

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.

couple-looking-at-credit-card-image-citizens-bank

COMMON FEATURES

The following fees may be assessed against your account.

Returned Overdraft Items** $30.00
Paid Overdraft Items** $30.00
    ** Paid and returned overdraft fees apply to
overdrafts created by check, in person
withdrawals, or other electronic means,
as applicable.
     If an overdrawn business account is not
brought to a sufficient balance on the day the
overdraft occurs, an 18% interest fee will
accrue each day until enough funds are
deposited to bring it back to a positive balance.
18% interest fee
Account activity printout $3.00
Account closed within 6 months of opening $25.00
Auto Transfer from Savings to Cover Overdraft $5.00
Cashiers Checks $6.00
Check Cashing (Non-customer) $10.00
Check Printing Fee (Fee depends on style of checks ordered)
Coin Counting – Non-customer $10.00
Coin Disbursements (Non-customers) $5.00
Collection Item – Incoming and Outgoing
$20.00
Debit Card PIN Replacement Fee $5.00
Debit Card Replacement Fee $10.00
Dormant Checking Account (Inactive one year) $10.00 per month
Dormant Savings Account (Inactive two years) $10.00 per month
Garnishments and Levies $120.00
Hold Statements $3.00 per month
Indemnity Bond $10.00
Notary Service $1.00
Personal Money Orders $4.00
Photocopies (per page) $1.00
Repeat Calls for Overdrafts $5.00
Research Copies $4.00 each
Research-Per Hour $110.00
Special Handling Return Items per month $15.00
Stop Payment Orders/Renewals $30.00
Telephone Transfers $2.00
Two Signatures Required $10.00 per month
Wire Transfer – Incoming $20.00
Wire Transfer – Out of USA $50.00
Wire Transfer – Outgoing $25.00