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Business Money Market Our Business Money Market requires a minimum balance of $2,500.00, the interest is calculated based on the daily balance method**. You may make six (6) transfers from this account each four (4) week or statement period. These may be made by preauthorized or automatic transfers, or telephone (including data transmission). Three (3) of these transfers may be made by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.If your balance drops below the minimum any one day of the statement cycle there is a $15.00 service charge.
**We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the collected balance in the account each day. |
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