BUSINESS CHECKING ACCOUNT. When you completed the Application, you designated a business checking account that you maintain with us (the “Account”) for the Authorized Users to access by using the Card. You must maintain the Account or another designated business checking account with us at all times, and if the Account is closed for any reason and you have not designated another business checking account with us as the Account, this Agreement and the Cards will be terminated. Except for the services described with this Agreement, the Account shall be governed by the current Deposit Agreement governing your Account. In the event of a conflict between this Agreement and the Deposit Agreement or any other agreement between you and us, this Agreement will control with respect to Card transactions made with the Cards and associated PINs. You understand and agree that the Authorized Users may only access the Account by use of the Cards, and we shall not be required to pay checks or other items drawn on the Account and bearing the signature of an Authorized User unless the Authorized User is also an authorized signer on the signature card for the Account.
BUSINESS CHECKING ACCOUNT. Minimum balance requirements: The minimum balance required to open this account is $2,500.00. Your account will be subject to a $10.00 monthly maintenance fee if the daily minimum balance of $2,500.00 is not maintained. Fees and charges: A checks paid fee of $.25 will be charged for each check paid in excess of 500 during a month. A deposited item fee of $.25 will be charged for each paper draft (checks) deposited in excess of 500 during a month. This deposited item fee applies to the aggregate activity in all businessaccounts.
BUSINESS CHECKING ACCOUNT. In order to make use of your card you must open a new business checking account that you will maintain with us (the “Account”) for the Authorized Users to access by using the Card. You must maintain the Account or another designated business checking account with us at all times, and if the Account is closed for any reason and you have not designated another business checking account with us as the Account, this Agreement and the Cards will be terminated. Except for the services described with this Agreement, the Account shall be governed by the current Deposit Agreement governing your Account. In the event of a conflict between this Agreement and the Deposit Agreement or any other agreement between you and us, this Agreement will control with respect to Card transactions made with the Cards and associated PINs. You understand and agree that the Authorized Users may only access the Account by use of the Cards.
BUSINESS CHECKING ACCOUNT. Establish and maintain a demand deposit account with Farmers & Mechanics Bank.
BUSINESS CHECKING ACCOUNT. Establish and maintain an operating account with the Administrative Agent.
BUSINESS CHECKING ACCOUNT. Minimum opening deposit requirement: The minimum deposit required to open this account is $2,500.00. Minimum balance requirements: Your Account will be subject to a $10.00 monthly maintenance fee unless you maintain a minimum daily balance of $2,500.00. Fees and charges: A checks paid fee of $.25 will be charged for each check paid in excess of 500 during a month. A deposited item fee of $.25 will be charged for each paper draft (checks) deposited in excess of 500 during a month. This deposited item fee applies to the aggregate activity in all businessAccounts.
BUSINESS CHECKING ACCOUNT. The minimum deposit required to open your Business Checking Account is $100. You must maintain a minimum daily balance of $2,500 to avoid the monthly service fee as stated on the Fee Schedule.
BUSINESS CHECKING ACCOUNT. A basic cash management Account, the Business Checking Account provides a vehicle for the purpose of collecting and consolidating funds so that the funds may be used for disbursing and investing. This Account is available to any business, organization, association, sole proprietor, trust or other fiduciary. A statement is provided that will list all Debit and credit transactions for the applicable Analysis Period, month or statement period. The statement will list all paid checks in serial number sequence to aid reconciliation of your Account. An Uncollected Funds Fee will be assessed based on the average Items processed by the Bank against uncollected funds in the Account. Three (3) check options are offered. You will select your check option when you open your Account. Fees may apply and vary depending on the option you choose. Please contact your Commercial Relationship Manager for complete details. Option One Images of the front of all checks and related Items are included with the statement (10 check images per 8 1/2 x 11 inch page). Option Two CD with images of the statement and the front and back of all checks and related Items are included with the statement. Option Three Bank safe keeps checks and related Items for you. Please note: the Bank images all checks and related Items and copies are retained for seven (7) years. After your check is copied, it is destroyed. You agree that when we keep a copy of your check, we have made the check available to you even if we do not provide the image with your statement. The Bank cannot provide originals or images of checks we receive as electronic transfers and can provide only images of checks we receive as an electronic image.
BUSINESS CHECKING ACCOUNT
