| Account Name |
Minimum Balance to Open |
Minimum Balance to Avoid Fees |
Fees |
Transaction Limitations |
| Business Checking |
$1,000 |
Waiver of monthly fee ($15) with daily minimum balance of $1,500 |
|
- Earning credit based on the average collected monthly balance may offset service charge.
- Limit of 50 local items deposited, 50 non-local deposited items, 10 deposits, 10 checks paid. Excess transaction fee of 40 cents per transaction.
|
| Business Interest Checking |
$3,000 |
If you maintain a $3,000 daily balance during the monthly statement cycle, the $20 monthly service charge will be waived for that cycle |
|
|
| Value Business Checking |
$1,000 |
Minimum average monthly collected balance requirement is $3,000 |
If the average monthly collected balance falls below $3,000 there will be a monthly service charge of $8.00 |
- ATM access available to sole proprietor.
|
| Statement Savings Account |
$100 |
Waiver of quarterly fee ($10) with daily minimum balance of $500 |
|
- Make up to nine withdrawals per quarter without a transaction fee ($2.00 per excess transaction).
- Daily balance method used to calculate interest.
- Interest accrued daily, compounded and credited quarterly.
|
| Business Money Market Account |
$2,500 |
Waiver of monthly fee ($15) with daily minimum balance of $2,500 |
|
- Tier interest based on minimum daily balances (contact Bank for current rates)
- Make up to six pre-authorized, automatic or telephone transfers per statement cycle; of the six, no more than three may be point of sale, draft, or check payable to a third party. (Excess Transaction Fee of $10.00 per item).
- Unlimited transfers in person, by messenger, or ATM.
- Daily balance method used to calculate interest.
|
| Relationship Money Market Accounts |
$1,000 |
Waiver of monthly fee ($15) with daily minimum balance of $2,500 |
|
- This is a personal money market account for customers who own or control personal and/or non personal accounts which maintain aggregate balances of $250,000 or more on a daily basis in any checking, savings, money market, or time certificate of deposit accounts.
- Owners or managers of personal or business accounts that maintain a minimum combined balance of $250,000 are eligible for higher rates on personal money market accounts.
- Make up to six pre-authorized, automatic or telephone transfers per statement cycle; of the six, no more than three may be point of sale, draft, or check payable to a third party. (Excess Transaction Fee of $10.00 per item).
|
| Community Banking Accounts |
$2,500 |
|
|
- Account designed for nonprofit organizations and governmental units
- No charge for IOLTA Checking (Attorney Client Trust Account) May be opened as Black Mountain Business Interest Checking account.
- Please contact us to design an account that meets your organizations needs.
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