This is a Business Checking account with a low minimum balance requirement.
FEATURES
- Unlimited check writing privileges - no per check or per deposit fees
TERMS
- $50 minimum deposit required to open
- There are no fees with daily balance of $200.00 or more and debits between 0 and 40. There is a $3.00 per statement cycle fee if the average daily balance falls below $200.00
- There are no fees with daily balances of $400.00 or more with an unlimited number of debits. There is a $5.00 per statement cycle fee if the average daily balance falls below $400.00
- Exceptions may apply to accounts with excessive check volume and/or high deposit transaction activity
Business NOW Checking
This Business Checking account is designed for our sole proprietor who prefers the benefits of a Business checking while earning a competitive interest rate.
FEATURES
- Unlimited check writing privileges - no per check or per deposit fees
- Interest is compounded daily and paid monthly at the end of each statement
TERMS
- A $500.00 minimum deposit is required to open
- No interest will be paid and a $5.00 per statement cycle service charge on average daily balances below $500.00
SUPER NOW Checking
This account is designed for our customers who prefer the benefits of regular checking and earning a competitive interest rate. The account may be accessed by check, STAR card or STAR/VISA check card.
FEATURES
- Unlimited check writing - no per check or per deposit fees
- Interest is compounded daily and paid monthly at the end of each statement cycle
TERMS
- A $2,500.00 minimum deposit is required to open this account
- No interest will be paid and a $7.00 per statement cycle service charge on average daily balances below $2,500.00
Business Savings Accounts
All Halifax National Bank Savings accounts have the following benefits:
- Internet Banking
- Dial-A-Bank available
- FDIC Insured
Business Money Market
This is an interest bearing account. This account is designed for our business customers who prefer the benefits of a savings account.
FEATURES
- Interest earned at competitive rates
- Interest compounded daily and paid monthly at the end of each statement cycle
- Unlimited transactions over-the-counter
- Descriptive monthly statements with Images of your checks
- Overdraft protection for your business checking account is available
TERMS
- 2,500.00 minimum deposit is required to open this account
- Tiered Interest Rate
- $ 0.01 - $ 2,499.99 no interest earned
- $ 2,500.00 - $10,000.00
- $10,000.01 - $30,000.00
- $30,000.01 and up
- A $2,500.00 average monthly balance is required to earn interest and avoid a $10.00 per statement cycle service charge
- Government regulations state transactions are limited to a total of six (6) debits per statement cycle
Business Statement Savings
This is an interest bearing account. This account is designed for our business customers who prefer the benefits of a savings account.
- Interest earned at completive rates
- Interest compounded daily and paid monthly at the end of each statement cycle
- Unlimited over-the-counter transactions
- Descriptive monthly statements
- Overdraft protection for your business checking account is available
TERMS
- $25.00 minimum deposit is required to open this account
- $25.00 average to avoid service charge
- $2.00 per statement cycle service charge if minimum balance is not maintained
Business Passbook Savings
This is an interest bearing account. This account is designed for our customers who prefer the benefits of a savings account with a passbook. This account may be accessed by stopping into any of our Offices.
FEATURES
Terms
- Interest earned at competitive rate
- Interest compounded daily and paid quarterly
- $10.00 minimum deposit required to open
- $10.00 minimum balance is required
- If the balance falls below $10.00, the account must be closed
- You must have the Passbook with you for all transactions
- Direct Deposits are not allowed to this account
Business Sweep Account
- THIS ACCOUNT IS NOT FDIC INSURED
- THIS ACCOUNT IS NOT A DEPOSIT ACCOUNT
- THIS ACCOUNT IS NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
- THIS ACCOUNT IS NOT GUARANTEED BY THE BANK
- THIS ACCOUNT MAY GO DOWN IN VALUE
Business Services
- ACH (Direct Deposit) remittance
- Lockbox and payment processing arrangements
- Merchant credit card processing
- Overnight fund investment services
- Treasury Tax and Loan (TT&L) remittances accepted
- Wire transfers (receive and send)
Non-Profit Organizations Checking Account
This account is designed for our non-profit organizations
FEATURES
- $100.00 minimum balance required
- Unlimited check writing privileges - no per check or per deposit fees
- Includes descriptive monthly statements with Images of checks
TERMS
- $50.00 minimum deposit required to open
- There are no fees with an average daily balance of $100.00 or more. There is a $1.00 per statement cycle service charge if the average daily balance falls below $100.00
- Exceptions may apply to accounts with excessive volume/high transaction activity
Keep your operating cash working for you by having funds automatically swept from Business Checking into a sweep investment account. For individuals or businesses who accumulate high balances, a sweep account can provide easy access to funds while earning interest at a variable rate. This account automatically transfers balances above a pre-determined amount overnight to a linked Halifax National Bank repurchase investment account. Interest is calculated and paid on a daily basis.
On a monthly basis you receive a checking statement detailing all transactions plus you receive daily investment confirmations.
For further information about this product contact the Office nearest you.
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