Commercial Money Market Plus Checking

Minimum to Open Interest Paid ATM Privileges Min. Balance Transaction Limits
$100,000 Yes Yes $25,000 Yes

Available Branch & Internet (Commercial Internet Accounts may be limited to MD, DC & VA)

Other features
  • Interest credited at month end
  • Visa® Business Debit Card available
  • Online Business Banking (fees may apply)
  • 1Limited Checking writing privileges
  • Check images (front) returned with statement
  • Check & Deposit images online
  • Monthly statements (Paperless statements available. Accounts opened online are provided electronic statements.)
  • Email deposit notifications
  • FREE check supply
  • May be used to send SWEEPs to commercial checking
  • Third-Party Bank by Mail deposits

Commercial Money Market Plus Checking accounts have an average daily balance requirement of $100,000.00 to earn the highest rate. Accounts that do not meet this balance requirement will earn a lower rate as disclosed on the Rate Schedule.
 
Application required for Online Business Banking (fees may apply). Fees may apply for additional services. Money Management not available for business accounts.

One account per Tax ID number. 1Federal banking regulations limit withdrawals to six (6) each monthly statement period for all third party transactions (check, direct debit, debit card, or similar payment order including POS transactions), or pre-authorized transfers (including overdraft transfers) or transfers made by computer (including online banking or bill payment services) or telephone (including facsimile) to initiate funds transfers to third party payees or to your other accounts. If you routinely exceed more than six (6) such transfers per month, we need not honor the item and the bank may elect to close the account and place the funds in another account that you are eligible to maintain, or we may disable your payment and transfer privileges. However, transfers or withdrawals made in person, by messenger or mail or at an ATM are unlimited.

If Commercial Money Market Plus account is used as a sweep account, checks are not issued for this account.

The interest rate/tier and Annual Percentage Yield may change daily. Fees could reduce earnings.

Commercial Money Market

Minimum to Open Interest Paid ATM Privileges Min. Balance Transaction Limits
$5,000 Yes Yes $1,000 Yes

Available Branch & Internet (Commercial Internet Accounts may be limited to MD, DC & VA)

Other features
  • Interest credited at month end
  • Visa® Business Debit Card available
  • Online Business Banking (fees may apply)
  • 1Limited checking writing privileges
  • Check images (front) returned with statements
  • Check & Deposit images online
  • Monthly statements (Paperless statements available. Accounts opened online are provided electronic statements.)
  • Email deposit notifications
  • FREE check supply
  • May be used to send SWEEPs to commercial checking
  • Third-Party Bank by Mail deposits
 


Application required for Online Business Banking (fees may apply). Fees may apply for additional services. Money Management not available for business accounts.

1Federal banking regulations limit withdrawals to six (6) each monthly statement period for all third party transactions (check, direct debit, debit card, or similar payment order including POS transactions), or pre-authorized transfers (including overdraft transfers) or transfers made by computer (including online banking or bill payment services) or telephone (including facsimile) to initiate funds transfers to third party payees or to your other accounts. If you routinely exceed more than six (6) such transfers per month, we need not honor the item and the bank may elect to close the account and place the funds in another account that you are eligible to maintain, or we may disable your payment and transfer privileges. However, transfers or withdrawals made in person, by messenger or mail or at an ATM are unlimited.

If Commercial Money Market account is used as a sweep account, checks are not issued for this account.

The interest rate/tier and Annual Percentage Yield may change daily. Fees could reduce earnings.

Last Modifications: 11/1/2018 1:11:14 PM