Account Name |
Beneftis |
Minimum Balance To Open |
Fees |
Other Information |
Business Checking |
With all business accounts Portage Commerce Bank offers. |
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Your business checking account at Portage Commerce Bank is an important financial tool for your enterprise. Though by law we may not pay interest on business checking accounts if you are a sole proprietor or non-profit organization, you are eligible for one of our interest bearing checking accounts such as Select Checking or First Rate Checking. |
Earnings Credit Business Checking |
FREE deposit-only ATM Card |
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With a Portage Commerce Bank business checking account, you will receive an earnings credit for the average monthly collected balance on your account, based on the average of the 90 day Treasury Bill rate. This credit is used to partially or completely offset your monthly service charges. |
Business Investors Choice Account |
NO special FDIC service charge |
With only a $1000 minimum balance, your account earns a highly competitive money market rate. |
If the account falls below the minimum balance, a service charge of $15.00 will be assessed. You may make up to six transfers from your account per month and three may be payments by check. A $10 charge is assessed when these limits are exceeded. |
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Business Savings |
NO incoming wire transfer fee |
Portage Commerce Bank pays a competitive interest rate with a low minimum balance of only $100.00 and monthly statements |
There is a fee for withdrawals in excess of five per month and there is a limit to the number of telephone transfers you may make. If the account falls below the minimum balance, a service change will be assessed. A non-sufficient funds fee will be charged if you overdraw your savings account. There is a $50 for each withdrawal in excess of five per month |
The $3.00 monthy minimum balance fee is waived with a daily balance of $100.00. |
