Commercial Business Checking
Welch State Bank’s Commercial Business Checking account is non-interest bearing with no minimum balance. Although any entity or person is allowed to open this account, it was specifically designed for corporations, for-profit organizations; partnerships; etc. Since these entities are not eligible for interest-bearing accounts, the earnings credit applied to the account each month may help offset service charges.
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, ATM Cards and Debit Cards, Direct Deposit, Cashier’s Checks, Money Orders, Notary Service, Wire Transfers, and Safety Deposit Box Rentals.
|Minimum to Open||$50.00|
|Monthly Service Charge||$15.58|
|Items cleared against account per statement||$0.12 per item cleared|
|Items deposited into account (not drawn on Welch State Bank)||$1.50 coin/currency charge per $1000.00 over $10,000.00 deposit|
|Credits to Account||$0.29 credit for each $100.00 of the lowest daily balance of the statement cycle|
|Online Bill Pay||FREE|
Credit against fees -Each check processed aganst this account will have a .12 cent charge per item. There will be a .29 cent credit for each $100 minimum balance. A dormant account fee of $5.16 will be charged each month if the balance is less than $50.00, and if for three months (previous) there is no activity or other indication in writing from you of an interest in this account.
Minimum balance to open - The minimum balance required to open this account is $50.00.
Deposit limitations - You may make an unlimited number of deposits into your account.
Withdrawal limitations - $1.50 fee per $1000.00 coin/currency deposited over $10,000.00
Bonus - You may receive a Thank You gift as a bonus provided at account opening. A premature account closing fee of $15.00 will be charged if the account is closed within 90 days of account opening date.
Fees and Charges - The following fees and charges apply to this account: / Monthly Service Charge: A monthly service charge of $15.00 will be assessed on this account.
Additional Terms - The following additional terms apply to this account: Overdraft fees apply to overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means: provided, however, overdraft fees created by ATM or everday debit card transactions will not apply unless the account owner affirmatively consents to the overdraft service for such transactions