Commercial Checking
Flexible banking built for higher-volume businesses.
Designed to support growing businesses with more activity, this account offers the flexibility and tools you need to manage cash flow efficiently.
A good fit for
- Businesses with higher monthly transaction volume
- Companies needing flexibility as activity grows
- Managing frequent deposits, payments, and cash flow
- Offsetting costs with an earnings credit based on balances
What to know before opening
- Designed for 250+ transactions per month
- No minimum balance required
- Monthly maintenance fee plus activity-based pricing
- Fees may be reduced or offset by earnings credit1
Ready to get started?
Sales tax may apply to fees.
1Earnings Credit: The earnings credit on the Commercial Checking account is based on the average 91-day Treasury Bill rate for the current month. It is calculated based on the average "collected" balance, less a 10.00% reserve requirement. ["Uncollected" balances will be charged the 91-day Treasury Bill rate, plus 3.00%. This situation applies only when the average account balance is very low.]
Earnings Credit Calculation Example: For the purposes of this example, the assumption is that the T-Bill Rate is 0.80%, the average balance maintained on the Commercial Checking account for the month was $200,000, and there were 31 days in the monthly cycle.
Multiply the $200,000 (average account balance) x 90% (to exclude the 10.00% reserve). Take that amount and multiple it by .008 (T-Bill rate). That provides you with an annual amount of earnings of $1,440.00. To determine the monthly earned credit, divide the annual amount by 365 days in a year and multiple it times the number of days in that particular month (31 days). Your monthly earned credit would be $122.30. [$200,000 x 90% x .008/365 x 31 = $122.30]
