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Business Checking
Imaged checks provided for your
convenience
Business accounts with a high volume of activity may be subject to charges based
on account analysis.
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Business Checking |
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Great for businesses with moderate
to high activity levels. Monthly service charges may be offset by
earnings credit applied to monthly average collected balance.
Minimum opening deposit $100 |
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$8.00
Monthly Service Charge
.15 per check paid or deposit and .15 per EFT debit or credit
$1 per $1,000 offsetting credit applied to monthly average collected
balance |
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Small
Business Checking |
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Economical answer for sole
proprietors, home-operated businesses or businesses with minimal check
writing activity. (Cash management accounts not eligible.)
No minimum balance required. Minimum opening deposit $100 |
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$7.50 Monthly Service Charge for up to
20 items paid and .35 each additional paid item |
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Business SuperNow Checking |
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Features unlimited check writing while
earning market rate of interest. Eligible businesses include non-profit
clubs/organizations, sole proprietors. Minimum opening deposit $100. |
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.15 per check paid or deposit and .15
per EFT debit or credit |
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Monthly
Average Collected Balance |
Interest
Rate |
Monthly Service Charge |
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$5,000 and
up |
Market |
None |
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$4,999 and below |
Market |
$8.00 |
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Business Prime Money Market Account |
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Prime Money Market requires owner to
have at least one additional account with Morton Community Bank. Free
checks. Minimum opening deposit $15,000. |
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Monthly
Average Collected Balance |
Interest
Rate |
Monthly Service Charge |
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$50,000 and up |
Market |
None |
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$15,000 to $49,999 |
Market |
None |
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$14,999 and below |
* |
$25.00 |
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Business Money Market Account |
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Available
for all types of businesses
Minimum opening deposit $100 |
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Monthly
Average Collected Balance |
Interest
Rate |
Monthly Service Charge |
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$10,000
and up |
Market |
None |
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$2,500 to
$9,999 |
Market |
None |
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$2,499 and below |
* |
$8.00 |
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Federal regulations
limit the number of pre-authorized transfers on money market accounts to 6
per month, including ACH, of which no more than 3 may be made by check.
Unlimited withdrawals in person or by mail. Imaged checks provided. Free
checks. |
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Business Sweep Account |
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Available to businesses which maintain
high balances and would like to earn interest on funds not needed for
daily check clearing. Account is tied to a regular business checking and
is subject to all applicable fees. A threshold balance is set in the
regular business checking account. Offsetting credits apply to threshold
balance, which help offset processing fees. |
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Sweep Investment and Fee Options
$10 Monthly Service Charge for account earning money market interest rate
$15 Monthly Service Charge for account earning Premium Passbook interest
rate |
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