|Account Name||Minimum Blance to Open||Monthly Service Charge||How to Avoid a Service Charge||Per Fee Items||Minimum Blance for APY||Interest Compounding & Crediting||Miscellaneous|
|Business Checking||$200||$15||Average collective balance of $2,500||$0.50 per item in excess of 200 items per cycle/Cash Deposits: $2 per $1,000 cash handling fee after first $11,000 per day||N/A||N/A||N/A|
|Small Business Checking||$200||N/A||N/A||$0.25 per item in excess of 200 items per cycle/Cash Deposits: $2 per $1,000 cash handling fee after first $11,000 per day||N/A||N/A||Eligible for Treasury Managment Services|
|Business Interest Checking||$200||$15||$1,000 minimum balance||$0.15 each item deposited or debit posted||$1,000||Interest is credited and compounded monthly||N/A|
|Business Analysis Checking||$200||$15||N/A||$0.15 each item deposited or debit posted||N/A||Account is eligible to receive an earnings rate which can reduce or offset fees||Eligible for Treasury Managment Services|
|IOLTA Account (Interest on Lawyers' Trust Account)||$200.||N/A||N/A.||N/A||N/A||N/A||Eligible for Treasury Managment Services|
|Business Savings||$200||$6 quarterly service charge||$200 minimum balance||$5 fee per transaction in excess of 6 non-in-person debits per statement cycle||N/A||Interest is credited and compounded quarterly||N/A|
|Business Money Market||$2,500||$15||$2,500 minimum balance||$5 fee per transaction in excess of 6 non-in-person debits per statement cycle||$2,500||Interest is credited and compounded monthly||N/A|
|Certificate of Deposit||$1,000||N/A||N/A||N/A||N/A||Current rate sheet||Terms avialable from 3 months to 60 months|
Whether you have a new business or you're a well-established company, it's never too early or too late to set up a separate business checking account. And CommunityBank of Texas is here to help. With our business bank accounts, you can find the account that works for you and start bringing in your revenue.
Why Choose a Business Account?
Many small-business owners may wonder if they truly need a separate account for their company. We have worked with countless businesses and have seen the benefits a business account offers:
Improved image: With an established business bank account, you can present an image of professionalism and authority. A business working out of a personal account may send the message that it is not fully established or developed.
Less confusion: With a separate account for business transactions, you don't have to worry about combing through your account to separate expenses. All your income and expenses will be easy to find in a dedicated account.
More access: Once you add a second or third partner or financial advisor to your company, a separate account is crucial. This allows others access to the business's finances while protecting your personal checking account.
Versatile payments: If you want to accept credit cards, you must have a business checking account. And since most people pay with credit cards, one of our business checking accounts can ensure you can reach a wide range of customers.
No matter how new or old your business is, we can help you choose the right account to streamline your finances and increase revenue. A business account can help your business succeed and run more smoothly.
If you want to work with an attentive bank that strives to increase customer satisfaction, call CommunityBank of Texas today at 866.427.9306.
1 Subaccount Organization. We have organized your account in a nontraditional way. Your account consists of two subaccounts. One of these accounts is a transaction subaccount (e.g., a checking subaccount). You will transact business on this subaccount. The other is a nontransaction subaccount (e.g., a savings account). You cannot directly access the nontransaction subaccount, but you agree that we may automatically, and without a specific request from you, initiate individual transfers of funds between subaccounts from time to time at no cost to you. This account organization will not change the amount of federal deposit insurance available to you, your available balance, the information on your periodic statements, or the interest calculation, if this is an interest-bearing account. You will not see any difference between the way your account operates and the way a traditionally organized account operates, but this organization makes us more efficient and helps to keep costs down. 2 This is a variable rate product. Please call the bank for details. 3 We may require not less than 7 days notice in writing before each withdrawal from an interest-bearing account, other than a time deposit or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty. See your notice of penalty for early withdrawal.