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Business Deposit Accounts
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Regular Business Checking*1
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Business Checking with Interest*2
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Business Money Market*3
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Business Savings
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Small Business Checking
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Not for Profit Checking
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Minimum Opening Deposit
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$100
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$100
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$2,500
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$100
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$100
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$100
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Earns Interest
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No
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Yes
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Yes
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Yes
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No
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No
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Balance to Avoid Monthly Fee
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None
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None
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$2,500 average daily balance
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$250 average daily balance
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$1000 average daily balance
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None
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Maintenance Fee
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$12
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$12
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$10 (waived if minimum balance is maintained)
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$10 quarterly (waived if minimum balance is maintained)
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$12 (waived if minimum balance is maintained)
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None
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Coin/Currency Deposit
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$1 per 1,000
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$1 per 1,000
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$1 per 1,000
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N/A *4
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First 100 transactions*5 free, then $.25 each
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No
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Deposit Fees
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$0.75
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$0.75
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$0.75 each over 5
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$0.75 each over 15
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First 100 transactions*5 free, then $.25 each
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No
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Check Deposits
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$0.15
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$0.15
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$0.15 each over 10
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$0.15 each over 30
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First 100 transactions*5 free, then $.25 each
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No
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Written Checks
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$0.15
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$0.15
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6 free debits, then $10 each
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No
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$0.25 each over 25
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No
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ACH Debits
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$0.15
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$0.15
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No
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No
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No
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No
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*1. Business checking accounts will receive an earnings credit that may lower the service charge base. The earnings credit is based on the monthly average collected balance.
*2. Business checking with interest accounts will receive interest based on the average collected balance. Federal regulation prohibits partnerships and "for-profit" corporations from having Business checking with interest accounts.
*3. Debits on Business Money Market accounts must be for $500 or more. Of the six debits, checks are limited to 3 per month.
*4. Not applicable. Additional fees may be required for special services.
*5. One transaction=one deposit, one deposited check processed, or one check written.
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