Business Checking Accounts

CHECKING COMPARISON

 

BUSINESS ESSENTIALS

   

BUSINESS PREFERRED

BUSINESS ANALYSIS

Account Description

Designed for emerging and established businesses with low volume.

   

Interest bearing checking account offering a better value to businesses that maintain higher balances.

High activity checking account that utilizes earned credit to offset service and maintenance fees.

Minimum Opening Deposit

$100.00

   

$100.00

$100.00

Interest Earnings*

Not Applicable

   

Variable

Not Applicable

Earnings Credit Index

Not Applicable

   

Not Applicable

Variable

Minimum Balance Requirement

None

 

   

$10,000.00

 Average Daily Balance

None

 Monthly Maintenance 

None

   

None

$15.00

Monthly Service Charge (if below minimum)

None

   

$30.00

Not Applicable

Checks Written and Other Debits

125 Free per Statement; Over 125, $0.25 each

   

300 Free per Statement; Over 300, $0.20 each

$0.229 per Item

On-Going Overdraft

$5.00 to be charged on the 3rd day

   

$5.00 to be charged on the 3rd day

$5.00 to be charged on the 3rd day

Deposits and
Other Credits

No Charge

   

No Charge

$0.497

 Negative Collected Balance Charge

Not Applicable

   

Not Applicable

Prime + 4%

Items Deposited

Included in "Checks Written and Other Debits." See Above

   

300 Free per Statement; Over 300, $0.20 each

See Below

On Us

Not Applicable

   

Not Applicable

$0.109

Iowa Items

Not Applicable

   

Not Applicable

$0.117

All Others

Not Applicable

   

Not Applicable

$0.149

Reserve Requirement

Not Applicable

   

Not Applicable

10%

Check Images

Free

   

Free

Free

Monthly or Annual CD

Available

   

Available

Available

FDIC Assessment

Not Applicable

   

Not Applicable

Current Rate

Business Visa Check Card

Free

   

Free

Free

Business Online Banking

Free

   

Free

$30.00

Remote Deposit

Not Applicable

   

Available

Available

Online Bill Pay

Available

   

Available

Available

Online Statements

Required

    Free Free
24 Hour Phone Banking

Free

   

Free

Free


All fees will be subject to state and local sales tax.

* Refer to CBT rate sheet for more information on interest rates and annual percentage yields.