COMMERCIAL CHECKING Clause Samples

COMMERCIAL CHECKING. An earnings allowance is used to offset the below fees and is calculated by applying the earnings credit rate to the available balance for services in your account. The earnings credit rate is a variable rate and is subject to change without notice. Service charges will be assessed when fees exceed the earnings allowance in each month. A Popular Mastercard® Business Debit Card is available for this account. Image statements are provided. Unlimited free ATM withdrawals are available at all Popular Bank and Allpoint ATMs with the Popular Mastercard® Business Debit Card. Popular Bank and its affiliates are not affiliated with ATM National, LLC. Allpoint is a registered trademark of ATM National, LLC. Credits Posted Miscellaneous: $1.00 per credit Checks Deposited on-us: $0.12 per check Checks Deposited-other: $0.18 per check Branch Deposits: $1.50 per deposit ticket Deposit Correction: $6.00 per item Cash requisitions: $5.00 per request Checks paid-regular: $0.21 per check Electronic ACH received: $0.15 per item There is a $2 fee for each ATM withdrawal or inquiry at ATM locations other than Popular Bank and designated Allpoint ATMs. Fee of $1.20 will apply for every $1,000 of cash deposited, including coins and currency. Other service charges may apply when customer uses specialized cash management services. Please speak to an account officer for more information on cash management fees.

COMMERCIAL CHECKING. Earnings Credit Allowance (ECA) paid to offset service charges is variable and may change daily. The ECA is calculated on the average collected monthly balance. A 10% reserve requirement will be excluded from balances eligible for earning credit.