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Personal Checking |
Business Checking | Money Markets
Savings, CDs, IRAs | Rates |
Order Checks
Business Checking
COMMERCIAL CHECKING:
This account provides our business customers with a safe, economical
method of depositing funds, making payments and maintaining a detailed
record of all financial transactions. The average daily collected balance
will generate an earnings credit based on current investment rates. This
allowance is available to offset the cost of services used during the month
as detailed in the Commercial Account Analysis. When your daily collected
balance is maintained above $1,000 and your earnings credit is sufficient to
cover the services used, your account will be SERVICE CHARGE FREE.
Minimum deposit to open account- $1,000
COMMERCIAL INTEREST CHECKING:
This account serves as a checking, savings and investment account- all
in one- with no transaction limitations. Along with the convenience of
instant and unlimited access to your funds, you also earn interest. Interest
is accrued daily and paid monthly on the average collected balance. The
higher your balance, the higher the tiered rate of interest earned. The cost
of services used during the month is subject to the bank’s Commercial
Account Analysis.
In general, by law, this account is available only to sole proprietors and non-profit organizations.
Minimum deposit to open account-$1,000
COMMERCIAL ACCOUNT ANALYSIS
In order to provide the best possible service at the lowest possible
cost, your commercial account charges will be determined by an analysis of
your account each month. In this manner, you are assessed only for services
used. This Commercial Account Analysis program details the volume of
activity processed in accordance with the following schedule.
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Monthly Maintenance |
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$1,000 & over |
FREE |
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Below $1,000 |
$10.00 |
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Services |
Charges |
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Deposits |
FREE |
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Deposited Items |
.07 each |
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Paid Items |
.16 each |
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Statement Processing |
$3.00 |
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Standard bank pricing is applied for additional services. |
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SIMPLIFIED BUSINESS CHECKING
This account was especially designed as a streamlined,
easy-to-understand business checking account. The account provides SERVICE
CHARGE FREE checking account convenience and the following package of
services:
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100 FREE Deposited Items
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50 FREE Paid Items; and
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FREE Statement Processing
Another feature of our Simplified Business Checking account is a clear, simple-to-read statement. For any additional transactions or services, the bank’s standard Commercial Account Analysis pricing applies, but only when these additional services are used.
Per item service charges accrued on quantities above the limits above are based on the following:
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MONTHLY CHARGE |
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Above 100 Deposited items per month |
$.25 each item |
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Above 50 Paid items per month |
$.35 each item |
Minimum deposit to open account -$100
COMMERCIAL MONEY MARKET
This investment account is available to all businesses and offers the
best features of virtually all types of savings accounts-liquidity, high
earnings and a secure investment. You will earn high yields comparable to
money market mutual funds. However, unlike money market mutual funds, your
deposits in this account, as in any FCB account, are insured up to $100,000
by the FDIC.
Interest is accrued daily and paid monthly on the average collected balance. The higher your balance, the higher the tiered rate of interest earned. Along with the assurance of FDIC safety and high yielding money market rates, you also have easy access to your funds with up to six withdrawals per monthly cycle, three of which may be made by check. Excess withdrawals are charged at $10.00 each and excess deposit activity may be subject to the bank’s normal Commercial Account Analysis. If the daily collected balance falls below $1,000 there is a $10.00 monthly maintenance fee.
Minimum deposit to open account-$1,000
BUSINESS SERVICES
ACH Origination: This service allows FCB commercial customers to offer direct deposit to their employees, as well as, direct payment to their debtors.
Merchant Credit/Debit Card Services: This service is provided to FCB commercial customers to support their credit/debit card processing needs. On-site support staff is available for all merchant processing needs.
Sweep / Repurchase Agreement Accounts: Repurchase Agreements are accounts designed to allow corporate businesses to receive a high return on their money. Funds in a Sweep/Repo account are not FDIC insured, but are backed by government securities.
Credit Cards: An Élan Visa Business Card gives you an edge. The more you use it, the more you'll benefit-with streamlined accounting, solid purchase protection and no annual membership fee with one purchase per year. From office supplies, cell phone charges, and select utility bills to vehicle maintenance, cleaning supplies and Internet purchasing, an Élan Visa Business Card is a smart way to pay. Or choose the Élan Visa Business Travel Card, and earn free trips that truly make business a pleasure.
*Contact an FCB account representative for additional information and associated costs for these services.
