Business Checking Accounts
Small Business Checking
For small businesses with limited transaction volume
Minimum Opening Balance: $100
Monthly Maintenance Fee:
$8.00 per month (waived if average monthly balance is $1,000 or more)
Monthly Transaction Fees:
• First 50 debit items at no charge, then $.50 per debit
• First 50 credit items at no charge, then $.50 per credit
• First 200 deposited checks at no charge, then $.15 per item
Other Benefits
No charge for check images with statement
Corporate Checking
For businesses with high volumes of checks and deposits
Minimum Opening Balance: $100
Monthly Maintenance Fee:
$8.00 per month (all fees can be reduced with an Earnings Credit based on your average balance less reserve)
Monthly Transaction Fees:
• Deposits - $.25 per item
• ACH Deposits - $.14 per item
• Debits/checks - $.16 per item
• ACH checks/items - $.14
• Deposited check items, on us - $.05
• Deposited Transit/Clearing items - $.09
• FDIC assessment charge
Other Benefits
No charge for check images with statement
Civic Checking
For non-profit organizations or associations with low volumes of checks and deposits
Minimum Opening Balance: $50
Monthly Maintenance Fee: None
Monthly Transaction Fees:
• First 50 debit items at no charge, then $.50 per debit
• First 50 credit items at no charge, then $.50 per credit
• First 200 deposited checks at no charge, then $.15 per item
Other Benefits
No charge for check images with statement
Business Savings Accounts
Regular Savings
• Interest accrued daily and compounded quarterly
• Quarterly statements or combine with checking statement to
receive monthly
• $50 minimum balance; $5 service charge per month if below
Money Market Savings
• $1,000 minimum balance; $5 service charge per month if below
• Limited check writing privileges
• Tiered interest rates accrued daily, compounded monthly
• Quarterly statements or combine with checking statement to receive monthly
• Automatic and Online transfer abilities available
Other Savings Options
Certificates of Deposit
• Variety of terms available
• Interest compounded quarterly on CDs with terms over one year
• $1,000 minimum; penalty for early withdrawal
Individual Retirement Accounts
• Certificates of Deposit
• Roth, Traditional, and/or SEP arrangements
• No annual maintenance fees
• Ask for current interest rates; penalty for early withdrawal
Health Savings Accounts
• Free interest-bearing checking account with Debit Card
• Free checks available
• Works with a high deductible health plan
• Tax benefits and much more
Withdrawal limitations may apply to all savings accounts.
Business Conveniences
Desktop Deposit It’s the easiest way for businesses to deposit checks. This service saves time and trips to the bank. Simply scan checks and send them to the bank in about the time it takes to send an email.
Business Debit Card* Use this convenient card instead of taking your business checkbook out of the office. It can be used anywhere VISA is accepted and is a great way to track employee expenses.
E-Statements Have your statement sent electronically for fast and secure delivery.
Internet Banking www.pnbmora.com Get balances, transfer money, e-statements & view cancelled checks.
Online Bill Pay Get 20 bills paid for $8.95 per month, or 10 bills paid for $4.95 (each additional is $.50 per item)
Ready Reserve* Add this convenient line of credit to your business checking account to avoid overdrafts and have greater buying power.
Telephone Banking Call 320-679-2255 or 877-778-5505 for 24-hour access to your account information.
Free Direct Deposit Make all of your payments to employees electronically.
* Subject to application approval