This account offers businesses with higher balances and activity levels the opportunity to offset some or all of their charges with earnings credits every month. Service charges and fees are only assessed to your account if costs exceed your Earnings Credits for the statement period. The Earnings Credits rate changes periodically.
What are Earnings Credits?
Though federal banking regulations prohibit banks from paying interest on business checking accounts, you can minimize, and in many cases eliminate, the cost of your checking account by earning credits to offset your account costs. These Earnings Credits are calculated similarly to interest, but can only be applied against account transaction costs, never exceeding them. Earnings Credits are calculated based on your average monthly collected balance. If you would like to know the average collected balance needed to avoid charges on your account, please contact your local branch.
If you have questions or want to speak to someone about deposit related services for your business, email email@example.com or speak to any of our Branch Staff. They be happy to sit down with you and discuss options.