In order to provide monthly account statements near the first of the month, Nodaway Valley Bank offers several customized checking account plans for business and professional customers. Imaged cancelled checks are produced in a larger format on commercial accounts.
Business Checking
- Minimum opening balance: $100.
- Using the average collected balance, net of bank reserve requirements, an Earnings Credit based on the Wall Street Journal Fed Funds Target Rate is calculated to offset the following fees:
Check or debit ....................... $.15 each
Deposited Item ...................... $.08 each
Account Maintenance .. $8.00 per month
Regular Checking For Small Businesses and Organizations
Especially designed for professionals and small business operations, where on average, no more than 50 checks are written per month and no more than 100 items are deposited per month. Account activity will be reviewed periodically and the bank reserves the right to re-classify the account as a "Business Checking" account if the activity exceeds these levels.
- Minimum opening balance: $100.
- Minimum daily balance to fee waiver:
$1000 or an average daily balance of $2000, otherwise $8 per month.
Click Here for Business Checking Brochure
