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Business Banking |
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Money Market |
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Business Regular Money Market |
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Our Business Regular Money Market
Account is specifically designed for business with
a low volume of transaction or who desire check
writing flexibility for their savings or excess
cash flow dollars. The account earns interest based
on a floating rate and has specific transaction
limitations.
Features
Limited debit and check transactions
Minimum Balance to
Open
$1,000
Minimum Balance Requirement
Minimum daily balance of $2,500 or more during the
statement period
Monthly Service Charge
None if minimum balance requirement is met, otherwise
$8.00
Other Fees
The Bank will assess a $20.00 service charge if
the account is closed within 90 days from opening
date.
Transaction Limitation:
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Transfers to another account or to third
parties by preauthorized, automatic, telephone,
or |
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computer, OR transfers to third parties
by check, draft, debit card or similar order
are limited to six per statement cycle. |
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The Bank will assess a per check fee of
$20.00 for each check payable to a third party
in |
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excess of six during a 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 money market 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 money market 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
money market account. We will cancel your Overdraft
Protection if you close your checking account. |
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