|
Community Business Checking |
Community Basic Checking |
Community Non-Profit Checking |
Business Savings |
Preferred Business Savings |
Minimum Balance |
None |
$1,000.00 |
None |
$200.00 |
$5,000.00 |
Below Minimum Balance Fee |
N/A |
$5/Month |
N/A |
$5/Month |
$10/Month |
Interest Earned on Account |
None |
None |
Yes (Paid Monthly) |
Yes (Paid Quarterly) |
Yes (Paid Monthly) |
Deposit Required to Open Account |
$50.00 |
$1,000.00 |
$50.00 |
$200.00 |
$5,000.00 |
Checks & Withdrawals |
Checks Paid for by Customer |
Checks Paid for by Customer |
Checks Paid for by Customer |
Free Savings Deposit & Withdrawal Slips |
Free Savings Deposit & Withdrawal Slips |
ATM/VISATM Debit |
Yes Subject to certain conditions and approval** |
Yes Subject to certain conditions and approval** |
Yes Subject to certain conditions and approval** |
Yes Subject to certain conditions and approval** |
Yes Subject to certain conditions and approval** |
Monthly Maintenance Fee |
$15.00/Month |
None |
None |
None |
None |
Statement Frequency |
Monthly |
Monthly |
Monthly |
Quarterly |
Monthly |
Misc. Notes |
$.15/Debit $.20/Deposit Item |
50 Free Debits & 50 Free Deposit Items $.20/Debit thereafter $.20/Deposit Item thereafter |
10 Free Debits & 20 Free Deposited Items $.10/Debit thereafter $.10/Deposit Item thereafter |
Withdrawal Limits Apply* (See Below for Details) |
Withdrawal Limits Apply* (See Below for Details) |
*Preauthorized (telephone & internet transfers, wire transfers, automatic payments, checks) withdrawals are limited to a combined total of 6 per month. On money market accounts federal regulations allow three of these six transactions to be check withdrawals payable to third parties. Your account may be converted to a checking if these limits are not followed.
**Debit and ATM cards on business accounts must be approved by bank officer-separate agreement required.
Revolving Lines of Credit
Growing a business can be difficult without a revolving line to fund the increasing cash needs of your receivables, inventory and timely payments to your suppliers and employees. Call a commercial lender at Key Community Bank to see how a line of credit can help your business.
Term Loans
Equipment needs, leasehold improvements, and long-term capital requirements necessitate intermediate term funding. This can include items such as printing presses, vehicles, construction equipment, machine tools, etc. Key Community Bank has experience with the Small Business Administration (SBA) under their “Low Doc” and 7A programs for this type of financing.
Mortgages
Buying or refinancing your building or investment property takes an experienced lender to work through the challenging parts of a commercial real estate transaction. Our experience with conventional financing and the SBA’s 504 program can work to your advantage.
