|
At First
State Bank and Trust, your money works a little harder for you.
Our business checking options help you manage your money with
minimal fees.
Add Internet
Banking to gain 24-hour banking convenience: Log on anytime to
transfer funds between accounts, verify balances, look up canceled
checks…even download monthly statements directly to your
accounting software! Click to learn more about Internet
Banking.
Account
Options
Business
Checking
Business Checking with
Interest
Small
Business Checking
Business Value Checking
Non-Profit Business Checking
Cash Management
|
|
|
|
|
Each
depositor is insured up to $100,000 by the Federal Deposit Insurance
Corporation.
Business
Checking
Our traditional business
checking is for businesses that have more complex deposit needs
and a high transaction volume. The monthly service fees, if any,
are determined by the transaction volume and average balance.
The service fees listed are then offset by an earnings credit,
or interest earned on the account balance. On request, we will
calculate an estimate of the typical monthly services fees.
- No minimum balance
- Monthly maintenance
charge: $11.00
- Activity charge
per debit item: $0.15
- Activity charge
per deposit item: $0.10
- No-fee
Business Instant Cash &
Check®Card
Return
to List
Business Checking
with Interest:
Federal Regulation prohibits
most for-profit organizations from having interest bearing checking
accounts; however, you may qualify if you are a sole proprietor
or non-profit organization. A First State Bank and Trust representative
can tell you if your business is eligible. The same service fees
apply.
Return
to List
Small
Business Checking
A simple account for
managing cash intake and disbursements. Ideal for businesses with
low transaction volumes.
- No minimum balance
- Monthly maintenance
charge of only $7.00
- Up to 25 debit items
per month* (withdrawals include checks, debit card, automatic,
Internet Banking or telephone transfers)
- Up to 25 deposit
items per month* (including automatic deposits)
- No-fee
Business Instant
Cash & Check®Card
*There
is a 50¢ activity charge per withdrawal and/or deposit item
over 25.
Return
to List
Business Value
Checking
This account is specifically
designed to meet the cash management needs of a business, organization
or club that has limited transaction volume.
- $100 minimum balance
- Up to 10 debit items
per month* (withdrawals include check, debit card, automatic,
Internet Banking or telephone transfers)
- Up to 10 deposit
items per month* (includes automatic deposits)
- $5.00 service charge
per month should balance drop below $100
- No-fee
Business Instant
Cash & Check®Card
*There
is a 50¢ activity charge per withdrawal and/or deposit item
over 10.
Return
to List
Non-Profit
Business Checking
Special business accounts
are available for non-profit organizations serving the St. Croix
Valley. To qualify for Non-Profit Business Checking, an organization
must produce form 501C3 to verify non-profit status. No-fee
Business Instant
Cash & Check®Card
.
Return
to List
Cash
Management
Your business checking
account can be linked to a money market fund*, which earns daily
dividends. When the balance of your checking accounts exceeds
a predetermined amount, the excess money transfers into a money
market fund*. Likewise, if the balance in your checking account
falls below the specified balance, the money is channeled from
the money market fund* back into your checking account. Your business
sweep account allows you to write checks on the combined balance
of the checking account and money market fund*.
| |
 |
|
|
*A money market fund is
not insured by the FDIC, is not a deposit or other obligation
of, or guaranteed by, the depository institution, and
is subject to investment risks, including possible loss
of the principal amount invested.
|
|
|
 |
 |
Return
to List
|
|
|
Special
Features:
Image Statements
All
of our business checking accounts include monthly "image
statements." These statements feature miniaturized images
of your canceled checks, providing thorough documentation for
your records, signature confirmation, and visual verification
of all your checking transactions. For easy storage, statements
are 3-hole punched, and we provide a free "Money Manager"
statement binder.
Return
to List
Commercial Overdraft
Protection
By adding Commercial
Overdraft Protection to your checking account, you can write yourself
a loan and protect yourself from accidental overdrafts. It's a
line of credit that is attached to your checking account, transferring
money automatically in the event of an overdraft. It's also a
convenient form of credit, with a competitive interest rate and
easy repayment terms.
Return
to List
|
