Brock White
© 2009 State Bank of New Prague. All Rights Reserved.


Business Checking Accounts
The right checking account is an asset to your business.

Whether you're a sole proprietor or a mid-sized business, a community group or a non-profit organization, we offer an account to help manage your cash flow.

All business checking accounts include free Online Banking and Bill pay, unlimited check-writing, and free telephone banking.

DESCRIPTION
SMALL BUSINESS
CHECKING
BUSINESS 
CHECKING
NON PROFIT
CHECKING
Interest None None Available: contact bank
Minimum Balance $1,500 average balance No minimum balance No minimum balance
Features Low per items charges1

Free Check images

Monthly statement
 

Free check images

Earnings credit2

Monthly analysis statements

Unlimited direct deposits

No per item charge

Free Check images

Monthly statements

Monthly Fee $5 if minimum balance is not maintained    
  Learn more Learn more Learn more
  Apply now
Apply now
Apply now

BUSINESS CHECKING ACCOUNTS
Each business account is analyzed to accomodate the specific requirements of your business. An earnings credit is calculated based on the average monthly account balance. This earings credit is then used to offset the varioius activity costs associated with the account. If the earned credit does not exceed the activity costs, the net analysis fee is deducted from the next monthly statement.

The earnings credit is calculated on the average available account balance for the month using a variable interest rate. The available balance is the account's collected balance less 11.75% that the bank is required to maintain as a cash reserve, and therefore is not investible by the bank.

Activity costs are determined based on the following analysis schedule:


Administrative Charge
Debits
Credits
On-Us Deposit Items
Transit Deposit Items
Return Items
Packaged Coin (per roll)
Currency (per strap)
Food Coupons (per coupon) 
Printing Additional Statements  

 

$7.00
$0.13
$0.20
$0.05
$0.09
$1.00
$0.10
$1.00
$0.06
$5.00
 

12% interest is charged on checks that are paid by the bank against balances in the account that are uncollected. 

1 There is a $0.20 charge per item if you have 35 or more paid items or deposited items
2 An earnings credit is calculated based on the average positive available account balance. This earnings credit is then used to offset the various activity costs associated with the account. If the earned credit does not exceed the activity costs, the net analysis fee is deducted from the next monthly statement. The earnings credit is calculated on the average available account balance for the month using a variable interest rate. The available balance is the account’s collected balance less 11.75% that the bank is required to maintain as a cash reserve, and therefore can not be reinvested by the bank.