Business Checking
| BALANCE | # FREE Checks |
|---|---|
| Under $100.00 | 0 |
| $100 - 199.99 | 10 |
| $200 - 299.99 | 15 |
| $300 - 399.99 | 20 |
| $400 and over | 25 |
Our Business Checking meets the needs of most businesses - it's very competitively priced and offers added conveniences.
There is no minimum balance requirement on our Business Checking account, however, a certain number of checks are free each month based on the following table:
- Minimum opening deposit - $100.00
- Maintenance Fee - $1.00 charged each monthly statement cycle
- Excess Check Fee- $0.11 per check in excess of number free
- Check in Deposit Fee (Checks deposited not drawn on DeMotte State Bank)
- Up to 199 checks deposited - $0.11 per check
- 200 + checks deposited - $0.07 per check
- Earning Credit - Business accounts earn two tenths of 1% of the minimum balance.
DeMotte State Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. *Includes low-interest Now account (.50% or less).
Cash Management Services
Whether yours is a new small business or a long established corporation, DSB knows you need a unique set of tools to maximize your cash flow, give you easy access to up-to-date information, and save you time and money. Best of all, our suite of Online Cash Management services range from basic to complex, depending on your business' needs, and our cash management professionals work with you to determine what is going to help your business succeed today and tomorrow.
The Basic Plan Includes:
- Obtaining balance inquiries
- Account histories of deposits
- Withdrawals
- Cleared checks and transfers
- Viewing current interest rates and financial services as well as tools
Additional Cash Management Features:
- Bill Payment
- ACH Payments
- Payroll
- Order Currency
- EFT Tax Payments
- Wire Transfer Requests
- Supervisor Functions
- Authorize Transactions
- ACH Receipts
- Savings Bonds and Check Orders
