Monday, May 20, 2013

Business Deposit Accounts

Pinnacle Bank has developed all new checking and savings products that make sense for your business. To find out more, stop in or give us a call. A Pinnacle Bank customer service representative will take the time to learn about your business, listen to your concerns, and suggest options to help you meet your goals.

Business Checking - This account is ideal for smaller businesses with average amounts of activity.

•·   No minimum balance to open the account;

•·   No minimum average daily balance to avoid fees;

•·   No monthly service charge but is subject to transaction limitations/fees;

•·   No charge for the first 200 deposited items and the first 200 debit items per statement cycle ($.25 per debit and $.10 per credit over the limit);

•·   Check Images are available;

•·   ATM/Debit cards are available;

•·   No fee Telebank, Online Banking, Bill Payment and E-Statements;

 

Interest Bearing Business Checking - Business NOW account earns interest and is available only to sole proprietors and non-profits.

 

•·   Minimum balance to open the account is $250.00;

•·   Minimum monthly average daily balance to avoid fees is $250.00 ($5.00 monthly service charge if average daily balance is <$250.00);

•·   No transaction limitations;

•·   Check Images are available;

•·   ATM/Debit cards are available;

•·   No fee Telebank, Online Banking, Bill Payment and E-Statements;

 

Business Savings - Allows the business to earn interest on your deposit.

 

•·   Minimum balance to open the account is $100.00;

•·   Minimum monthly average daily balance to avoid fees is $100.00 ($2.00 monthly service charge if average daily balance is <$100.00);

•·   Transaction limitations do apply ($1.00 per debit item in excess of six debit transactions during the month);

•·   No Fee Telebank, Online Banking, Bill Payment and E-Statements;

 

Business Money Market - Tiered interest structure that gives you higher rates with higher balances.

 

•·   Minimum balance to open the account is $2,500.00;

•·   Minimum monthly average daily balance to avoid fees is $2,500.00 ($5.00 monthly service charge if average daily balance is <$2,500.00);

•·   Transaction limitations do apply ($1.00 per item in excess of six third party transactions per month; Unlimited in-house transactions);

•·   Check Images are available;

•·   No Fee Telebank, Online Banking, Bill Payment and E-Statements;

 

Ask about Pinnacle Bank's Sweep account which is designed to earn interest on commercial checking accounts by sweeping funds to an interest bearing account.

 

Ask about Pinnacle Bank's Commercial Analysis account for business accounts with larger than average balances and/or larger activity than small business check.

 

Compare our products by viewing Pinnacle Bank Checking & Savings Account Brochure!

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