Your business needs a safe, reliable institution that can provide you with the services necessary for a business checking account. An A.J. Smith Federal Savings Bank business checking account will provide a convenient way to pay your expenses and accurately deposit your receipts. On a monthly basis, you will receive a statement plus your cancelled checks. The statement will give you a complete record of disbursements, deposits, and beginning and ending balances.
You have your choice of business checks in many formats and designs. Whether you need voucher copies, various sizes, unique styles and colors, A.J. Smith can provide the kind of check that personifies your business.
A. J. Smith Federal Savings Bank offers checking plans for any size business.
Minimum opening balance - $1,000.00
Minimum daily balance requirement per statement cycle - $1,000.00
Balances falling below $1,000.00 will be charged a maintenance fee of $10.00 per statement cycle.
$0.15 for each deposit within a statement cycle.
$0.10 for each check within a deposit.
$0.15 for each check written which clears during a statement cycle.
Check imaging - no charge. Cancelled checks returned in statement - $5.00.
In addition to the regular business checking account, we also offer a variation thereof which is an earnings credit account. An earnings credit account earns a credit to reduce or offset monthly service charges assessed. This credit is based on the average available balance in your account during a statement cycle.
The business accounts listed above are exempt from the "Truth in Savings" regulation.