This checking account is perfect for sole proprietorships, start-ups and small businesses. Additional services can be added to compliment this straight-forward checking account.
You must deposit a minimum of $25.00 when opening a business checking account.
We allow electronic check transactions to post to your checking account.
You may order printed checks from us or from any other source. Our only requirement is that the MICR encoding of routing and account numbers be acceptable to all scanning equipment. If the checks you order elsewhere are of poor encoding quality, we will require you to obtain better quality checks.
Account statements are sent to you monthly unless there is no activity in the account.
Additional services are available for business checking accounts. Services like mobile banking, mobile deposit, remote deposit capture and internet banking can be added to a business checking account. These services may incur additional charges on the account. Please contact the Brunswick State Bank for further details regarding these and other banking services.
You may apply for internet banking access to use with this account. If your application is accepted, you may incur charges related to your internet banking activities. These charges are disclosed in a separate agreement upon application for internet banking.
A business checking account is subject to monthly service charges of a $1.00 base charge, plus 14¢ per check or other paper debit to the account. Those service charges will be offset by a credit back of 50¢ per $100.00 of average daily balance for the month. Adding the balance of the account for each day of the month and dividing that sum by the number of days in the month determines such average balance of an account.
The credit back cannot exceed the total service charges.
As an example:
The monthly charge = $1.00
There is no service charge for direct debits or credits through the Automated Clearinghouse system (ACH).
You may apply for a debit card to use with your checking account. If your application is accepted, you may incur charges from use of the debit card. Such charges are disclosed in a separate statement upon application for a debit card.
The categories of transactions for which an overdraft charge may be imposed are those created by any of the following means: check, draft, in-person withdrawal, ATM withdrawal, debit card point of sale purchase, or other electronic means such as an e-check. Any other charges that you may incur are disclosed in a separate statement given to you with this notice.
If you have questions about this account, please: