Business Checking
Small Business Checking | Colony Commercial Checking | Business Plus Checking
Small Business Checking
Designed for small businesses with the option to eliminate monthly service
charges by maintaining a minimum balance and limiting debit transactions.
- $100 minimum to open account
- No monthly maintenance fee with $750 minimum daily balance
- No activity fee on first 100 debit transactions
- $10 monthly maintenance fee if daily balance goes below $750
- $0.30 per debit for debit transactions exceeding 100
Colony Commercial Checking
Designed for larger businesses that maintain higher checking balances and
have larger volumes of checks and deposit items each month.
- $100 minimum to open account
- $10.00 monthly maintenance fee
- Analysis charges based on monthly activity
($0.50 per credit; $0.10 per item deposited; $0.10 per debit)
- Earnings credit (based on the daily collected balance less 10%
reserve) may offset, in part or in full, the fees/charges
- Unlimited monthly transactions
- Detailed monthly analysis statement for monitoring account
activity
Business Plus Checking
Designed for sole proprietorships, not-for-profit entities/organizations and governmental
units desiring the flexibility of a checking account with the interest earnings power of a savings account. (NOW account eligibility restrictions apply.)
- $100 minimum to open account
- No monthly maintenance fee with $1,000 minimum daily balance
- $10.00 monthly maintenance fee plus $0.30 per debit activity fee
if balance goes below $1,000
- Earns interest on account with an average daily balance of $1,000
or above
- Interest is credited monthly