BUSINESS BANKING: CHECKING OVERVIEW
Business Checking
Minimum amount to open account is $100No minimum balanceUnlimited check writingEarning credit based on average collected balanceFirst order of pre-selected checks is freeNight Depository AvailableFree Debit Card available upon approvalMonthly Statement with ImagesE-statements availableEnd of month statement cycleFree NetTeller & Bill Pay$10 closing fee if account is closed within 6 months of opening account
Monthly, this account receives an earnings credit equal to 75% of the 91 day Treasury Bill Rate based on the average collected balance. The earnings credit can change monthly. The earning credit is applied to reduce or eliminate the following service charges:
$8.00 monthly maintenance fee$0.16 per check paid/debit$0.35 per deposit/credit$0.08 per deposited check drawn on another bank (local checks)$0.04 per deposited check drawn on Sauk Valley Bank (on us checks)$0.23 per $1000 for FDIC Insurance
Business Value Checking
No minimum deposit to open accountNo minimum monthly balance to maintainNo monthly fee (75 free debit transactions then $.20 each after 75, 125 free credit transactions then $.20 each after 125)Night Depository availableFree debit card available upon approvalMonthly statement with ImagesE-statements availableEnd of month statement cycleFree NetTeller & Bill Pay$10 closing fee if account is closed within 6 months after opening account