| Business Checking Accounts | ||||||||
| Non-Profit Checking |
Now Checking | Money Market | Business Checking |
Commercial Checking | ||||
| Type of Business | Non-Profit | Sole proprietorships, non-profit organizations, and governmental units (Federal law prohibits corporations and partnerships.) | Corporations, partnerships, sole proprietorships, and government units | Corporations, partnerships, sole proprietorships, and organizations with low to moderate account activity | Corporations, partnerships, sole proprietorships, limited liability companies, non-profit organizations, and government units | |||
| Minimum Opening Balance | $0 | $600 | $2,500 | $0 | $0 | |||
| Minimum Daily Balance | $0 | $600 to avoid minimum balance fee; $0 to obtain APY |
$2,500 to avoid minimum balance fee; $0 to obtain APY |
$0 | $0 | |||
| Minimum Balance Fee | No | $8 or See (*B) to avoid fee | $8 or See (*B) to avoid fee | No | No | |||
| Monthly Maintenance Fee | No | No | No | $15 | $5 | |||
| Direct Deposit | Yes | Yes | Yes - See (*C) | Yes | Yes | |||
| Per Item Fee | No | $0.15 per debit or See (*D) to avoid fee | No | No | $0.20 per check/debit; $0.25 per deposit/credit; - Item Deposited - $0.08 per transit item; $0.06 per Pioneer Bank item or See (*E) to avoid fee |
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| Unlimited Check Writing | Yes | Yes | No - See (*C) | Yes | Yes | |||
| Interest Bearing | No | Yes | Tiered Rates | No | No | |||
| Compounded and Credited Interest | N/A | Monthly | Monthly | N/A | N/A | |||
| Transfer Limits | No | No | Yes - See (*C) | No | No | |||
| Monthly Statement | Yes | Yes | Yes | Yes | Yes | |||
| Check Safekeeping | Free | Free | Free | Free | Free | |||
| Terms and Conditions - APY = Annual Percentage Yield (*A) A minimum balance fee will be imposed every statement cycle if the average daily balance for the statement cycle falls below the minimum daily balance. (*B) A minimum balance fee will be imposed every statement cycle if the daily balance for the statement cycle falls below the minimum daily balance any day of the statement cycle. Service charges may reduce earnings. (*C) No more than six pre-authorized (or automatic) or telephone (including data transmission) transfers and withdrawals per month, and no more than three by check, draft, debit card or similar order to third parties. (*D) A per item fee of $0.15 will be charged for each debit transaction (withdrawal, check paid, automatic transfer, or payment). This fee will be imposed if the daily balance falls below the minimum daily balance any day of the statement cycle. (*E) The earnings credit is calculated on your average collected balance, less 10% reserve requirement. The credit is based on a leading market index and may reduce or eliminate the maintenance fee and per item fees. You will not be paid for any excess earnings credit, but any excess will be carried forward. If the average collected balance is negative, no earnings credit is applied. Sample Analysis
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| Additional Services & Products | |||||
| Free For All Checking |
Now Checking | Money Market | Regular Checking | Value Plus Checking |
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| Free Services & Products | - 2 overdraft items - First 50 checks (new checking accounts only) |
N/A | N/A | N/A | - Personalized checks (1 box per order) - Blue safety wallets - Money orders - Travelers cheques |
| Direct Deposit | - Deposit your paycheck directly into your Pioneer Bank account for easy access to funds. | ||||
| MasterCard® Credit Card | - Includes ScoreCard™ CashBack Incentive program. - For qualifying customers only |
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| ATM/Debit Card | - No Annual Fee | ||||
| Overdraft Protection | - No Annual Fee - For qualifying customers only |
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| Online Banking | - Free 24-hour account access. - View daily balances, your latest transactions and more. Go to Online Banking for details. |
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| Bill Pay | - Free 24-hour Bill Pay service. - Make online payments to anyone & save with Bill Pay. - Go to our Online Banking web page for more Bill Pay details. - Requirements: Free Online Banking and a Pioneer Bank personal checking account |
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| Telephone Banking | - Free 24-hour account access to hear your daily balances and transactions. - Transfer funds between your Pioneer Bank accounts. - Make loan payments. |
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| New Loan Discount | - 1/4% off new loan - Deposit account minimum average collected balance must be at least $500. |
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| Money Orders | - Up to $999.99 = $3 fee - $1,000 and up = $6 fee |
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| Personalized Checks | - Price varies according to style and quantity. | ||||
| Travelers Cheques | - Per $100 = $2 fee - Cheque for 2 per $100 = $3 fee |
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