Features & Benefits
Available with all Commercial Checking Accounts at Sabal Palm Bank
- MasterCard EMV chip Debit Card
- Online Banking with Bill Pay
- Mobile Banking including Mobile Deposits
- Cash Management Services including:
- Remote Deposit Capture
- ACH Services
- Wire Transfer Services
- Positive Pay Fraud Prevention
- Combined Statements/Electronic Delivery of Statements
- Access to Presto or Bank ATM machines at no charge
- Commercial Loans to Meet most Business Needs
- Retirement Accounts
- Personal Service with Every Call
|FEATURES||Everyday Business Checking||Community Business Checking||Non-Profit Interest Checking||Analysis Checking||Business Money Market Account||Business Savings Account|
|Why||Checking made simple and easy for the small business||More transactions allowed for the more active small business||An economical solution for non-profit companies||For a more robust business, earn credits to offset transaction fees||Earn interest with limited access to your funds||Earn interest with greater access to your funds|
|Account Fee||$15 per month if average daily collected balance falls below $500||$20 per month if average daily collected balance falls below $2,500**||None||$15 per month may be offset by earnings credit||$15 per month if average daily collected balance falls below $2,500||$5 per quarter if average daily collected balance falls below $300|
|Transaction||200* transactions per month at no cost. $.25 per additional item||500* transactions per month at no cost. $.25 per additional item||300* transactions per month at no cost. $.25 per additional item||Priced per item||$15 per withdrawal transaction in excess of 6 per month||$10 per withdrawal transaction in excess of 6*** per month|
|Interest||Not Applicable||Not Applicable||Tiered beginning at $.01||Not Applicable||Tiered beginning at $.01||Non-tiered|
|Compounding||Not Applicable||Not Applicable||Daily and credited monthly||Not Applicable||Daily and credited monthly||Daily and credited quarterly|
Minimum opening balance for all Sabal Palm Bank business checking accounts is $100.00.
* Transactions include: Checks paid, debits, credits and deposited items.
**Service Charge can be waived with a related Business Savings or Money Market Account with an average daily collected balance of $25,000 during the statement cycle or a related Commercial Loan with an outstanding balance of $10,000 or greater during the statement cycle.