Business Checking Accounts
Bank of Travelers Rest offers a variety of business accounts for every lifestyle. Review the accounts below and when you find one that meets your business needs, please contact us or vist any of our convenient locations to speak with a Customer Service Representative.
We give every checking account the following features:
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|
| BASIC Business Checking | VALUEPACK Checking | COMMERCIAL Checking* | COMMERCIAL INTEREST Checking* | |
|---|---|---|---|---|
| Minimum Opening Deposit | $100 | $100 | $100 | $100 |
| Maintenance Fee per statement cycle | Free | $10 fee waived with $500 daily minimum balance | $15 | $15 |
| Interest Earned | Interest earned on balances greater than $1000 | Interest earned on balances greater than $1000 | ||
| Earnings Credit used to offset charges and fees |
Based on rate and average collected balance3 | |||
| Transaction Fees4 | First 300 items free, then $0.35 per item | First 500 items free, then $0.35 per item | $0.18 per debit $0.35 per credit $0.10 per deposited item not drawn on us |
$0.18 per debit $0.35 per credit $0.10 per deposited item not drawn on us |
| Check Discount | $30 credit on first order of checks | $30 credit on first order of checks | $30 credit on first order of checks | |
| Coin and Currency Deposit Transactions per Statement Cycle | First $10,000 deposited free then $0.10 per hundred | First $20,000 deposited free then $0.10 per hundred | No charge for cash deposits | No charge for cash deposits |
| Discretionary Overdraft Privilege5 | $1,000 | $1,000 | $1,000 | $1,000 |
*Non-Profit Organizations will receive a 50% discount on the maintenance and transaction fees assessed for Commercial Interest Checking and Commercial Checking accounts.
1. Standard text messaging and data rates may apply. Review your contract with your wireless provider for complete terms and conditions.
2. Available upon approval.
3. Fee for negative collected balance is based on Prime Rate as defined in The Wall Street Journal plus 3%.
4. Items include debits, credits and deposited items.
5. $28.50 per overdraft privilege item.