Checking Accounts

You take care of business, we will take care of your banking.

Non-Interest Bearing with Earning Power

This account is a non-interest bearing checking account with earning power.

Earning power is computed on the lowest monthly balance (rounded down to the nearest $50) on statement cycle day and deducted from the activity fee (.10% of low monthly balance). For instance, if your lowest balance was $7,545, the earning power is .10% of $7,500 (rounded down) or $7.50.

The earning power is credited to your account if there are activity fees. Debit and Credit activity fees are debited to your account.

Example 1

The earning power of $7.50 is greater than the fees ($6), resulting in no charge on the account for this month.

Example 2

The earning power of $7.50 is less than the fees ($9), so the account would be charged $1.50.

Fee Rates

Fees are assessed as follows:

Full translation of expanded addenda records (Electronic Data Interchange) attached to ACH payments is available upon request.

Fees for other special services will be priced upon request.

Electronic banking services such as direct deposit payroll, tax payments, and cash management are available. Further information is available upon request.

Walk-up night depository, drive-up night depository and ATM Locations are available at various locations. Deposits are picked up at the locations and available for customer pickup by 9:30 a.m. each day. Night deposit bags are available at no charge.

Documents Needed to Open an Account

Documents needed to open business checking accounts vary depending on the type of business checking account that is needed:

Sole Proprietorship

• Assumed name certificate
• Valid government-issued photo identification (ID), proof of social security number (SSN), proof of correct address

Partnership

• Partnership resolution
• Business license
• Assumed name certificate
• Valid government-issued photo identification (ID), proof of social security number (SSN), proof of correct address, proof of employer identification number (EIN) for business

Limited Liability Company

• Limited Liability company resolution
• Articles of Organization
• Operating agreement
• Certificate of good standing
• Valid government-issued photo identification (ID), proof of social security number (SSN), proof of correct address, proof of employer identification number (EIN) for business

Corporations

• Corporate resolution
• Certified copy of articles of incorporation
• Certificate of good standing
• Valid government-issued photo identification (ID), proof of social security number (SSN), proof of correct address, proof of employer identification number (EIN) for business

Clubs, Lodges, and Civic Organizations

• Meeting minutes
• Officer roster with phone numbers
• Organization resolution
• Written statement of any changes in account signers
• Valid government-issued photo identification (ID), proof of social security number (SSN), proof of correct address, proof of employer identification number (EIN) for business

Beneficial Ownership Rule Requirements

The federal government now requires that all financial institutions identify and verify the individuals ( also known as beneficial owners ) who own or control the bank's legal entity customers when opening new accounts ( deposits, loans, and safe deposit boxes ). They also consider loan renewals and certificate of deposit ( CD ) renewals as new accounts. To comply with the new law for legal entity customers, we will need a completed Certification of Beneficial Owner(s) form and copies of unexpired government-issued photo IDs with current physical addresses for each beneficial owner listed on the form prior to account opening or loan / CD renewal.