|
Commercial Checking |
Business Money Market Checking |
Business NOW Checking |
Business Checking |
Non-Profit
Checking |
Eligibility |
Corporations, Partnerships, Sole Proprietorships, LLCs, Non-Profits & Government Units |
Corporations, Partnerships, Sole Proprietorships & Government Units |
Sole Proprietorships, Non-Profits & Government Units |
Corporations, Partnerships, Sole Proprietorships, LLCs & Organizations with low to moderate account activity |
Non-Profits |
Earns Interest |
Non-applicable |
Yes |
Yes |
Non-applicable |
Non-applicable |
Minimum Opening Balance |
Non-applicable |
$2,500 |
$750 |
Non-applicable |
Non-applicable |
Minimum Daily Balance |
Non-applicable |
$2,500 to avoid Minimum Balance Fee; $0 to obtain APY |
$750 to avoid Minimum Balance Fee; $0 to obtain APY |
Non-applicable |
Non-applicable |
Minimum Balance Fee |
Non-applicable |
$10 or See
(*A) to avoid Minimum Balance Fee |
$10 or See (*A) to avoid Minimum Balance Fee |
Non-applicable |
Non-applicable |
Monthly Maintenance Fee |
$5 |
Non-applicable |
Non-applicable |
$15 |
Non-applicable |
Per Item Fee |
$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 (*C) to avoid Per Item Fee |
Non-applicable |
Non-applicable |
Non-applicable |
Non-applicable |
Compounded and Credited Interest |
Non-applicable |
Monthly |
Monthly |
Non-applicable |
Non-applicable |
Transfer Limits |
Non-applicable |
Yes - See (*B) |
Non-applicable |
Non-applicable |
Non-applicable |
Monthly Statement |
By Postal Service or
E-Statement |
By Postal Service or
E-Statement |
By Postal Service or
E-Statement |
By Postal Service or
E-Statement |
By Postal Service or
E-Statement |
Online Banking and Telephone Banking |
Available |
Available |
Available |
Available |
Available |
Terms and Conditions:
APY = Annual Percentage Yield
(*A) A Minimum Balance Fee will be imposed every statement period if the daily balance in the account falls below the minimum daily balance any day of the statement period. Fees may reduce earnings.
(*B) You may not make more than six (6) transfers and withdrawals from your account per statement period by means of a preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order payable to third parties.
Excess Transaction Fee (over six items per statement period): $15 per item after six
(*C) The earnings credit is calculated on your average collected balance, less 10% reserve requirement. The credit is based on a leading market index. 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 for Commercial Checking
Monthly Maintenance Fee
65 Checks/Debits
8 Deposits/Credits
40 Transit Items
15 Pioneer Bank Deposited Items
Earnings Credit at 0.18% on collected balance of $3,500. (Example rate only. Rate may change each statement period.)
Service Charge for Statement Period
|
|
$5.00
13.00
2.00
3.20
0.90
----------
$24.10
$0.53
----------
$23.57
---------- |
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Health Savings Accounts provide a tax deduction for employers who contribute to their employees' accounts. Known to attract or retain employees by expanding employee benefits, an HSA can lower overall health insurance costs by switching to the less costly high deductible health plans.
* Consult a tax advisor for a list of qualified medical expenses. For qualifying customers only.
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