Business Checking. By requesting a Business Checking account, you certify that you have never had an OCFCU account that has been closed due to abuse. You agree to be liable for nega- tive balances on your accounts including any overdrafts, regardless of the cause, and agree to immediately deposit sufficient funds to cover the overdrafts.
Business Checking. This is a non-dividend-earning checking account with no minimum balance requirement. The minimum opening deposit is $100. No minimum balance requirements apply to this account and there is no monthly service fee. Premier Business Checking Account – This product is no longer available for new accounts. This is a dividend-earning, tiered-rate checking account with different rates applicable to specified balance levels. To determine current rates please call a Member Services Specialist at (800) 772- 4000, option 0. Dividends are paid at the prevailing rate corresponding to each day’s full balance. The dividend rate and APY may change at any time based upon the determination of the Credit Union’s Board of Directors. A Minimum Balance Fee will be assessed any month the minimum daily balance falls below $2,500 or the average balance falls below $5,000. Account will be assessed an Excess Check Fee per occurrence over 200 checks. Refer to our Business Schedule of Fees. Platinum Business Checking Account – This is a tiered-rate account and different rates may be applicable to specified balance levels as published on our website rate sheet. Dividends are paid at the prevailing rate corresponding to each day’s full balance. The minimum opening deposit is $100. The minimum balance required to earn any dividend is $5,000. The Annual Percentage Yield is variable and may change without notice. A Minimum Balance Fee (see Business Schedule of Fees) will be assessed any month one of the following conditions is not in effect: • The end-of-day balance in the Account falls below $10,000. • The end-of-day balance in an aggregate of all Business Savings accounts balances falls below $25,000. • The end-of-day balance in an aggregate of all Business Money Market account balances falls below $25,000. For Money Market balance to qualify, the minimum account balance requirement for the Money Market account must first be met. • Any outstanding Premier America business loan or line of credit (except overdraft lines of credit). The fee for a maximum of 8 transactions at non-Premier America and/or non CO-OP ATMs per month will be waived. Surcharges imposed by non-CO-OP and non-Premier America ATM owners or operators will not be waived. Account will be assessed an Excess Check Fee per occurrence over 250 checks. Refer to our current Business Schedule of Fees. Pledging as Collateral – Checking accounts may not be pledged as collateral to a loan. Electronic Checks – We may pay and charge t...
Business Checking. All withdrawals from Business Checking Accounts will be charged a per item fee. Refer to the Schedule of Service Charges for fee information.
Business Checking. There is no minimum deposit or balance require- ments to open the Business Checking Account. I must maintain a minimum balance of $5,000 in my Business Checking Account to avoid aservicefee as indicated on the Schedule of Fees.
Business Checking. This is a non-dividend-earning checking account with no minimum balance requirement. The minimum opening deposit is $100. No minimum balance requirements apply to this account to avoid the imposition of a monthly service fee. Premier Business Checking Account – This product is no longer available for new accounts. This is a dividend- earning, tiered-rate checking account with different rates applicable to specified balance levels. To determine current rates please call a Member Services Specialist at (000)000-0000. Dividends are paid at the prevailing rate corresponding to each day's full balance. The dividend rate and APY may change at any time based upon the determination of the Credit Union's Board of Directors. Account will be assessed an Excess Check Fee per occurrence over 200 checks. Refer to our Business Schedule of Fees. Platinum Business Checking Account – This is a tiered-rate account with different rates applicable to specified balance levels as published on our rate sheet on our website. Dividends are paid at the prevailing rate corresponding to each day’s full balance. The minimum opening deposit is $100. The minimum balance required to earn any dividend is $10,000. The Annual Percentage Yield is variable and may change without notice. See rates on our website for current dividend. A Minimum Balance Fee (see Business Schedule of Fees) will be assessed any month one of the following conditions is not in effect: • the end-of-day balance in the Account falls below $10,000. • the end-of-day balance in an aggregate of all Business Savings accounts balances falls below $25,000. • the end-of-day balance in an aggregate of all Business Money Market account balances falls below $25,000. For Money Market balance to qualify, the minimum account balance requirement for the Money Market account must first be met. • Any outstanding Premier America business loan or line of credit (except overdraft lines of credit). Each month, the fee for a maximum of 8 transactions at non-Premier America and/or non-CO-OP ATMs per month will be waived. Surcharges imposed by non-CO-OP and non-Premier America ATM owners or operators will not be waived. Account will be assessed an Excess Check Fee per occurrence over 250 checks. Refer to our current Business Schedule of Fees. Pledging as Collateral – Checking accounts may not be pledged as collateral to a loan. Overdraft and Overdraft Protection – We may, as authorized by you, but shall not be required to, pay overdrafts in th...
