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Business Banking |
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Money Market |
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Combi-Money Market |
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Features
Limited debit and check transactions.Required to
open a Combi-Checking Plan #1
Minimum Balance to
Open
$25,000 combined with Combi-Checking Plan #1
Minimum Balance Requirement
See Combi-Checking Plan #1
Monthly Service Charge
See Combi-Checking Plan #1
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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