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Business Banking |
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Business Saving |
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Regular Business Savings
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Unlimited Check writing for Lawyer's
Trust Fund, Interest is paid to State Bar of the
Applicable State.
Features
Ideal for setting aside some extra funds
Minimum Balance to
Open
$ 100.00
Minimum Balance Requirement
Minimum daily balance of $500 or more during the
monthly cycle.
Monthly Service Charge
None if minimum balance requirement is met, otherwise
$5 .00 plus $0.50 per debit in excess of 3 debits
during a monthly cycle
Other Fees
The Bank will assess a $20.00 service charge when
the account is closed within 90 days of opening
date.
Transaction Limitation
Transfers to another account or to third parties
by preauthorized, automatic, telephone, or computer,
OR transfers to third parties by check, draft, debit
card or similar order are limited to six per monthly
statement cycle.
Please refer to Center Bank's "Truth in Savings
Disclosure" for more detailed information.
Overdraft Protection
This service is available to the customers who have
a savings and a checking account. Both accounts
must be held by the same owners. When your checking
account balance falls below zero, we automatically
transfer from your savings account to your checking
account in increments of $100. For each transfer,
we charge $5 Overdraft Protection fee to your linked
checking account. Each transfer is counted as one
of the six limited transactions you are allowed
each monthly statement cycle from your savings account.
We will cancel your Overdraft Protection if you
close your checking account. |
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