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Welch State Bank’s Money Market Account is an interest bearing account designed specifically for corporations, for-profit organizations; partnerships; and other entities that are not eligible for interest-bearing checking accounts.
With a Welch State Bank Money Market Account you have the ability to write a limited number of checks and still earn interest.
This account allows six (6) third-party transactions to clear your
account per statement cycle; of the six (6), three (3) may be by check, draft,
or similar order. ATM transactions and deposits are unlimited.
The account earns interest on a tiered basis.
No matter what your business is, Welch State Bank offers a variety of financial products to our business checking account’s to make your banking as convenient as possible. Such as Cash Management Tools, Business Loans for all types of business related purposes, FREE Voice Access, FREE On-Line Banking, FREE On-Line Bill Pay, ATM Cards and Debit Cards, Direct Deposit, Cashier’s Checks, Money Orders, Notary Service, Wire Transfers, Safety Deposit Box Rentals.
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Minimum to Open |
$1,500.00 |
Monthly Maintenance Fee |
FREE with a daily balance of $1,500.00 or more
$15.77 monthly maintenance fee if the daily balance drops below $1,500.00. |
Interest Bearing |
YES - $1,500.00 daily balance required to earn interest
Interest Rate and Annual percentage Yield Tiers are: |
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$1,500.00 to $2,999.99 |
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$3,000.00 to $9,999.99 |
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$10,000.00 to $24,999.99 |
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$25,000.00 to $99,999.99 |
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$100,000.00 & Over |
Items cleared against account per statement |
Only 6 third-party
transactions may clear your account per statement cycle; of the 6, 3
may be by check, draft or similar order.
A
$2.29 excessive fee does apply when these restrictions are exceeded.
Over-the-counter transactions are unlimited.
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In-person transactions |
UNLIMITED |
Items deposited into account |
UNLIMITED |
Check Printing |
FREE – First box of
Bank Logo Checks |
Imaged Statement |
YES |
Online Banking |
FREE |
Online Bill Pay |
FREE |
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