Business Banking
Village Bank is prepared to handle your
Business Banking needs. Our
Commercial Checking features some of the lowest per-item prices and one of the highest earning allowances in town. Call or e-mail us and arrange to have one of our officers come visit with you to describe how Village Bank's
Business Accounts and Cash Management Services can benefit your business.
| |
FREE Basic Business Checking |
| Features |
- Small businesses with limited transactions.
- No monthly service fee.
- No minimum balance requirements.
- Monthly Statement with Free check images.
|
Minimum
to Open |
$100 |
| Fees |
All
Credits/Deposits Per Month |
FREE |
| 100
debits/checks per month |
.20 each additional item |
| 100
deposited items per month |
.20 each additional item |
|
| |
Commercial Checking |
| Features |
- Earnings credit up to the service charge and fee amounts calculated on average available balance (less 12% reserve requirement at the Average 91 day Treasury Bill rate).
- Access your account 24 hours a day with Internet Banking totally FREE.
|
Minimum Balance |
No minimum balance required; however, there is a $7.50 monthly statement fee. |
| Fees |
Monthly maintenance- |
$10.00 |
| Per check written- |
.12 |
| Per deposit- |
.10 |
| Per deposited local item- |
.07 |
| Per deposited foreign item- |
.08 |
|
| |
Business REPO Sweep |
| Features |
- Funds swept to the REPO are Not FDIC Insured, but are backed by government securities/agencies.
|
Minimum Balance |
Peg balance sufficient to cover account fee required. |
| Fees |
Business checking fees. |
|
Business Savings Account |
|
Minimum to Open |
$100 |
|
Fees |
- Minimum balance of $100 and over: FREE
- Minimum balance of $0 to $99: $10.00
- Excessive withdrawal fee: $2.00 (see limitations)
|
Rate |
See Interest Rate |
|
Limitations |
You may make six (6)
transfers from your account each statement cycle by
preauthorized or automatic transfer, telephone (including data
transmission) agreement, order, or instruction. Transfer and withdrawals made
in person, by mail, or at an ATM are unlimited.
|
| |
Business Money Market Account |
|
Minimum to Open |
$1,000 |
Minimum to Maintain |
See Fees below |
Rate |
See Interest Rate |
| Fees |
| Minimum Balance of $1,000 or Average Balance of $2,500- |
FREE |
| Minimum Balance from $0 to $999- |
$15.00 |
|
Limitations |
- You may make
six (6) transfers from your account each statement cycle by
preauthorized or automatic transfer, telephone (including data
transmission) agreement, order, or instruction.
- Transfers and
withdrawals made in person, by mail, or an ATM are unlimited.
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