Investors Community Bank - Business Deposit Accounts

Our Business Deposit Account plans are designed to meet any business need. Whether you are a small business or farm, we have the right accounts for you. Click below to find out more information about our accounts.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

Checking Accounts
Basic Business Checking
Business Checking
Business Money Market

Savings Accounts
Investors Savings - Business

ATM & Check Cards
ATM Cards
Check Cards

Certificates of Deposit
Certificates of Deposit

Basic Business Checking
A simple, easy to understand account that will fit a variety of business needs.

Average Monthly Ledger Balance	Items Processed Free of Charge*	Additional Item Cost
Less than $1,000	50	$.10
$1,000 to $4,999	75	$.10
$5,000 to $9,999	100	$.10
$10,000 to $24,999	200	$.10
$25,000 and more	300	$.10

*Items include: All types of debits and credits (paper and paperless) and items deposited

•	This account does not earn interest.
•	Cancelled check images are returned with monthly statement, unless customer requests safekeeping.
•	Maintain a daily balance of $1,000.00 in the checking account at all times or pay a monthly maintenance fee of $12.00

Example 1

Average Monthly Balance $7,000			100 Free Items
Low Daily Balance $1,200			No Maintenance Fee
Activity Totals
5		Deposits comprising of 20 checks	25
4		ACH withdrawals	4
2		ACH Deposits	2
60		Checks Written	60
	Total Items		91
	100 Items Free		No Activity Charge

Example 2

Average Monthly Balance $4,350			75 Free Items
Low Daily Balance $976.80			$12 Maintenance Fee
Activity Totals
5		Deposits comprising of 35 checks	35
6		ACH withdrawals	6
20		ACH Deposits	20
40		Checks Written	40
	Total Items		101
	75 Items Free		$2.60 Activity Charge
			(101-75=26 x $.10)

	Total Activity Charge:		$14.60

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Business Checking (An Analyzed Account)
For the larger size business that writes more than 50 checks per month. This is an analyzed account.

•	This account does not earn interest.
•	Cancelled check images are returned with monthly statement, unless customer requests safekeeping.
•	Receive an earnings credit on Average Collected Balance, less 3% Reserve Requirement

Use Earnings Credit to offset the following activity charges:

Activity		Charge
Checks and/or Debits		$ 0.15 Each
Deposits Non-ACH		$ 0.50 Each
Deposits via ACH		$ 0.10 Each
Items Deposited
	Local	$ 0.08
	RCPC	$ 0.08
	Transit	$ 0.10
Maintenance		$ 12.00 month

Example

Average Collected Balance	$ 20,000.00
Less 3.00% Reserve Required	-$ 600.00
	$ 19,400.00
Earnings Credit Rate*	(4.00%) x (31/365)
(Rate subject to change)
Earnings Credit	$ 65.91

Activity		Amount of Activity	Charges
Checks Written		$ 0.15 each x 100	$ 15.00
Deposits		$ 0.50 each x 20	$ 10.00
Items Deposited
	Local	$ 0.08 each x 100	$ 8.00
	RCPC	$ 0.08 each x 100	$ 8.00
	Transit	$ 0.10 each x 50	$ 5.00
Maintenance		$ 12.00/month x 1 =	$ 12.00

Total Monthly Activity Charges			$ 58.00

Net Monthly Service Charges			$ 0.00
		($65.91 is > $58.00)

*Established monthly by Investors Community Bank, based on 90 day U.S. Treasury

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Business Money Market
This account does earn interest. The rate and annual percentage yield depends on the applicable balance tiers listed in the Deposit Interest rate information.

We require $ 5,000.00 to open this account.

To avoid the monthly maintenance fee, maintain a daily minimum balance of $ 2,000.00 or an average monthly balance of $ 8,000.00. If you fail to meet both requirements, there is a $12.00 maintenance fee plus $0.25 for each check or withdrawal that month.

Checks* can be written against this account, $ 250.00 minimum per check. There is a $1.00 processing fee for checks written for less than $ 250.00.

*See Additional Savings Information below.

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Investors Savings-Business
Minimum balance to open is $ 250.00

To avoid a monthly maintenance fee, maintain a daily minimum balance of $ 250.00 or an average monthly balance of $ 600.00. If you fail both requirements, there is a $ 5.00 monthly maintenance fee that month.

*See Additional Savings Information below.

Deposit Interest rate information

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Additional Information for Savings & Money Market Products
Activity Limits: During any calendar month or statement cycle of at least four weeks, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of check, draft, debit card (if applicable), preauthorized or automatic transfer or telephone order or similar order or instruction to a third party. If you exceed the transfer limitations set forth above in any statement period, your account may be subject to closure by the financial institution.

Regardless of balance, the following monthly activity limits and charges will apply:

Activity	Charge
More than 5 Deposits	$ 0.50 each
More than 10 Items Deposited	$ 0.10 each
More than 6 Withdrawals	$ 0.50 each

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Contact Lori at (920) 686-5615 or Kathy at (920) 686-5668 for more information about our business deposit accounts.