OptimumBank offers its customers the
right solutions to meet your financial needs today and in the
future. Different size businesses call for different types of
checking accounts.
OptimumBank is participating in the FDIC’s
Transaction Account Guarantee
Program. Under that program, through December 31, 2010, all non-interest bearing transaction accounts are fully guaranteed by the FDIC
for the entire amount in the account. Coverage under the Transaction Account
Guarantee Program is in addition to and separate from the coverage available
under the FDIC’s general deposit insurance rules.
Commercial
Checking
Requirements:
$100 minimum deposit to Open
Account
No minimum balance
Features
Receive credit against service charges.
Calculation is based on the average collected balance in your
account for the month minus 10% for reserve
requirements multiplied by the earning credit rate. (The
earnings credit rate is based on 4-week average of 90 day T-Bill auction results)
FDIC insured
Fees:
$25.00 per month maintenance fee
Monthly Item Charges:
15¢ per deposited item
15¢ per checks and debits paid
30¢ per deposits and credits
$15.00 early closure fee (first 90 days)
Small
Business Checking
Requirements:
$100 minimum deposit to Open
Account
$500 average daily balance to avoid Maintenance Fee
Features:
No charge for deposits
No
charge on first 100 checks written; 10¢ each
thereafter
FDIC insured
Fees:
$20.00 per month maintenance
fee below minimum
$15.00
for account closing within 90 days
Not
For Profit Checking
Requirements:
$100 minimum deposit to Open
Account
$500
average daily balance to avoid Maintenance Fee
©2006 OptimumBank.com
$100 minimum deposit to Open
Account
