Money Market Checking

• $1,000 minimum deposit to open account
• $1,000 minimum monthly balance to avoid service fees
• $8 service fee if daily balance is below $1,000
• Interest is earned on average collected daily balance.
• Interest is compounded and paid monthly
• Interest is earned each day the balance is $1,000 or more
• MasterCard Business Debit Card
• Check writing and withdrawal limitations: Regulations permit 6 transfers and withdrawals per statement cycle; up to 3 transactions may be made by check, draft or debit card, the remainder may be pre-authorized (automatic) transfers
• Monthly statement with images of checks and deposits