There are a number of options out there when it comes to business checking accounts. Pacific Continental Bank’s team of professionals will help you determine which is best for your business.
|Account Description||Monthly Service Fee||Additional Fees**|
|Business Checking||The Business Checking account is designed for business or club-type accounts that maintain low activity levels.||There is a $10 monthly service fee. Maintaining a minimum balance of $100 eliminates the monthly service charge for this account.||Ancillary products used with this account will be charged on a monthly basis; activity limits do apply. The $10 monthly statement fee is waived upon signing up for online statements.|
|Main Street Business Checking||The Main Street Business Checking account is designed for companies that transact higher volumes of activity while using a limited number of ancillary products.||There is a $12 monthly service fee. Maintaining a minimum balance of $2,500 eliminates the monthly service charge for this account.||Ancillary products used with this account will be charged on a monthly basis; activity limits do apply.|
|Business Interest Checking*||The Business Interest Checking* account is designed for clients who prefer to earn interest on their higher-balance accounts while using a limited number of ancillary services.||There is a $15 monthly service fee. Maintaining a minimum balance of $15,000 eliminates the monthly service charge for this account.||Ancillary products used with this account will be charged on a monthly basis; activity limits do apply.|
|Analyzed Business Checking||The Analyzed Business Checking account is designed for clients who conduct high levels of monthly transaction activity and require cash management services such as account sweeps or remote deposit capture.||Account activity is analyzed and charged on a monthly basis.||Account activity is analyzed and charged on a monthly basis. To offset monthly service charges, an earnings credit is applied to the average collected balance. Monthly service charges may be offset by an earnings credit equal to the 91-day T-Bill rate minus 25 basis points based upon the positive net collected balances maintained in the account.|
|Analyzed Business Interest Checking*||The Analyzed Business Interest Checking* account combines the benefits of traditional account analysis with interest-bearing checking.||Account activity is analyzed and charged on a monthly basis.||Interest is paid and service fees are assessed as separate line items.|
The minimum balance required for opening any Pacific Continental Bank business checking account is $100. *NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS: By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category. **Please refer to our Business Banking Services and Fees document for a full description of account fees and charges.
For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit the FDIC website.
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