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Checking

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Business Banking - Checking Accounts

  Basic Business Checking Advantage Business Checking Premier Business Checking Community Checking
Minimum to Open $100.00 $100.00 $100.00 $1,000.00
Monthly Maintenance Fee $5.00 $12.00
(Waived with $10,000 average collected balance)
$15.00 $7.50 if balance falls below $1000.00
(Waived for nonprofits)
Earnings Credit/Interest Earned No No Yes Yes
Charge for Uncollected Funds Prime + 4% Prime + 4% Prime + 4% No
Reserve Requirement No No 10.00% No
Analysis Statement No No Yes No
Transaction Fees:
Each check paid
First 25 free $.25 each additional First 100 Free
$.25 each additional
$.18 No Charge
Each deposit processed First 10 free $.25 each additional First 25 Free
$.25 each additional
$.35 No Charge
Deposit Item Fee On-us checks
First 25 Free
All other checks
First 25 Free
$.25 each additional
On-us checks
First 100 Free
All other checks
First 100 Free
$.25 each additional
$.10 each No Charge
ACH Debits & Credits First 25 debits and 10 credits are free
$.10 each additional
First 100 debits and 25 credits are free
$.10 each additional
$.10 each No Charge
Ready Reserve Overdraft Protection Available Available Available Available
Sweeps Available Available Available Available
Cash Management Online Banking Available Available Available Available
Online Bill Pay Express Available Available Available Available
Business Debit Cards & Business Credit Cards Available Available Available Available
Merchant Processing Available Available Available Available
Basic Business Checking

Our Basic Business Checking Account is suitable for businesses with limited checking needs. The minimum deposit required to open the account is $100.00.

Advantage Business Checking

Advantage Business Checking Account is designed for businesses seeking expanded banking services at a reduced cost. The minimum deposit required to open the account is $100.00.

Premier Business Checking

Republic Bank's Premier Business Checking Account works well for businesses with large volume checking needs. It also offers an earnings credit based on your average collected balance. The minimum deposit to open the account is $100.00.

Community Checking

The Community Checking Account is an interest-bearing account designated for sole proprietors, governmental units and non-profit organizations with limited transaction needs. The minimum deposit required to open the account is $1000.00.

Service Charge Schedule for Optional Bank Services
Business Deposit Account Service Charges Effective April 1, 2009
Currency
Strapped $0.50/Strap
Rolled Coin $0.10/Roll
Boxed Coin $4.00/Box

Wire Transfers
Incoming/Outgoing Domestic $18.00
International $50.00

Night Deposit Bags
Vinyl (1st bag is free) $5.00 + tax
Canvas Lock Bag $25.00 + tax

Online Services
View and/or Transfer Between Accounts No Charge
ACH Processing $35.00 Primary Account; $5.00 @ Sub-account
Online Wire Transfer Processing $13.00 Domestic; $45.00 International
Remote/Merchant Deposit Capture Call for options & pricing.

ACH Diskette Processing
Per File $12.00

Sweeps
Set-Up Fee $25.00 (one time fee)
Per Sweep See Banker for Current Rates
Monthly Maintenance Fee See Banker for Current Rates

ATM/Visa Check Card Service
ATM Withdrawal (not our ATM) $3.00
Replacement Card $5.00
Visa Check Card Fee No Charge

Miscellaneous Services
Stop Payments $25.00
Returned Check $7.00/Check
Redeposited Item $3.00/Item
Returned Item Fee $32.00/Item
Overdraft Fee $32.00/Item
Monthly CD-ROM Statement $10.00
Account Balancing Assistance $25.00/Hour
Account Research $25.00/Hour
Ready Reserve $25.00/Year
Non-conforming Check Image Processing Varies by Item
Garnishment/Levy $50.00
Snapshot Statement $5.00