| Carefree Business Checking | Business Interest Checking | Commercial Checking | Non-profit Checking | |
|---|---|---|---|---|
Minimum balance requirement | No | $1,500 minimum daily balance | No | No |
Monthly service charge | No | $6 if minimum daily balance falls below $1,500 | $15 | No |
Transaction fees | 500 FREE items per month (withdrawals, checks, deposited items, ACH items); $0.35 per additional item after 500 | 350 FREE items per month (withdrawals, checks, deposited items, ACH items); $0.35 per additional item after 350 | $0.16 transaction fee (checks paid, ACH credits and debits, deposits and items deposited) | - |
Interest bearing | No | Yes—earns variable interest rate on balances of $1,000 or more | No | No |
Interest compounded and credited | - | Monthly | - | - |
Visa® Business Debit Card | Free—you may make ATM withdrawals of up to $500 and debit card purchases up to $5,000 per day | Free—you may make ATM withdrawals of up to $500 and debit card purchases up to $5,000 per day | Free—you may make ATM withdrawals of up to $500 and debit card purchases up to $5,000 per day | - |
Online banking and bill pay | Yes | Yes | Yes | Yes |
Free mobile banking and mobile deposit | Yes | Yes | Yes | Yes |
Additional treasury management solutions | Yes—additional treasury management solutions available | Yes—additional treasury management solutions available | Yes—additional treasury management solutions available | Yes—additional treasury management solutions available |
Free eStatements | Yes | Yes | Yes | Yes |
Restrictions/other | - | Must be a sole proprietorship, DBA, nonprofit organization, fiduciary, 501(c)(3) organization under the Internal Revenue Code, political organization under Section 527 of the Internal Revenue Code to qualify for this account | Earnings credit allowance on deposit balance may offset activity fee | - |
Checking Accounts
If you have a checking account converting to Community Bank, your account number(s) will remain the same unless you are otherwise notified. The letter you received in the mail has important information about your checks and Community Bank Visa® Business Debit Card.
You will receive monthly statements and your statement schedule won't change. The following information explains the details of your new checking account(s) listed in the letter you received in the mail. We've made every effort to convert you to the account that will help you Bank Happy. If you feel another account will better meet your needs, please contact your local Community Bank branch after the merger.
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