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Business Checking
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Free Business Checking |
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Great for businesses with limited
checking needs. No minimum balance. No monthly service charge. Min.
opening deposit $100.
Free Monthly Activity: up to 100 transactions free per monthly statement
cycle. Free transactions include checks and debits, deposited items, and
electronic transactions. $.10 per item if over 100 transactions |
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Hometown Community Checking |
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Great for non-for-profit, religious,
educational and fraternal organizations with minimal activity and limited
cash management needs. No minimum balance. No monthly service charge. Min.
opening deposit $100.
Free Monthly Activity: up to 250 transactions free per monthly statement
cycle. Free transactions include checks and debits, deposited items, and
electronic transactions. $.10 per item if over 250 transactions. |
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Business Analysis Checking |
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Provides a competitive
earnings credit rate based on balances which is used to offset all or a
portion of service and activity charges. Offers the opportunity to group
multiple accounts together for reporting and service charge offsets. Min.
opening deposit $100. See your favorite Hometown Banker for more account
details. |
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Business Analysis Sweep Checking |
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Provides a competitive earnings credit
rate based on balances which is then used to offset all or a portion of
service charges. Offers the opportunity to tie multiple accounts together
for reporting and service charge offsets with the ability to earn interest
on excess funds. Min. opening deposit $100. See your favorite Hometown
Banker for more account details. |
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Business SuperNow Checking |
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Features unlimited
check writing while earning market rate of interest. Eligible businesses
include non-profit clubs/organizations, sole proprietors. Minimum opening
deposit $100. .15 per check paid or deposit and .15 per EFT debit or
credit |
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Monthly
Average Collected Balance |
Interest
Rate |
Monthly Service Charge |
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$5,000 and
up |
Market |
None |
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$4,999 and below |
Market |
$8.00 |
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Business Prime Money Market Account |
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Prime Money Market requires owner to
have at least one additional account with Morton Community Bank. Free
checks. Minimum opening deposit $15,000. **Federal regulations limit the
number of pre-authorized transfers on money market accounts to 6 per
month, including ACH, of which no more than 3 may be made by check.
Unlimited withdrawals in person or by mail. |
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Monthly
Average Collected Balance |
Interest
Rate |
Monthly Service Charge |
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$25,000 and up |
Market |
None |
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$15,000 to $24,999 |
Market |
None |
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$14,999 and below |
* |
$25.00 |
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**Federal regulations
limit the number of pre-authorized transfers on money market accounts to 6
per month, including ACH, of which no more than 6 may be made by check.
Unlimited withdrawals in person or by mail. Free checks. |
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Business Money Market Account |
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Available for all types of businesses
Minimum opening deposit $100 |
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Monthly
Average Collected Balance |
Interest
Rate |
Monthly Service Charge |
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$10,000
and up |
Market |
None |
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$2,500 to
$9,999 |
Market |
None |
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$2,499 and below |
* |
$8.00 |
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Federal regulations
limit the number of pre-authorized transfers on money market accounts to 6
per month, including ACH, of which no more than 6 may be made by check.
Unlimited withdrawals in person or by mail. Imaged checks provided. Free
checks. |
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