Minimum balance requirement to avoid service charges
Earns interest at the current published Savings Account rate; compounded daily and credited quarterly
Two withdrawals per month FREE before incurring a fee
1 NOTE: Under Federal Reserve Regulation D, banks are legally required to limit the number of certain types of transactions on Savings and Money Market Accounts. The following describes which types of transactions are unlimited and which are limited:
Unlimited Transactions- Withdrawals or transfers made in-person at the bank or by messenger, mail or ATM
Limited Transactions-Up to six of the following per monthly statement cycle:
If these limits are exceeded, a fee for each additional withdrawal will be
incurred, and the account may be closed or converted by the bank to a different
type of account.
Automatic or Telephonic Transfers
Third party payments by draft, debit card or similar order
Preferred Commercial Capture
Preferred Commercial Capture (PCC)is an easy to use check capture program allowing our customers to make electronic deposits directly to us without having to drive to the bank. Using PCC, our customers can gather their bank deposit, correct any needed amounts and transmit the deposit electronically to the bank’s data processor. Our customer will have the ability to print a deposit summary and receive an e-mail or fax notification that the deposit has been received.
The benefits of Preferred Commercial Capture
- Eliminates visits to the bank (No Geographical Restrictions)
- Transmissions can be sent 24 hours/7 days a week
- Reduces deposit preparation time
- Reduces the risk of fraud
- Please Note: Preferred Commercial Capture is subject to management approval.