Main Post

Business

Business Fees & Services

Standard Account Services

ItemFee
Maintenance Fee$10.00
Deposits/Credits$0.30
Deposit Items$0.05
Checks/Debits Paid$0.12

Additional Account Services

ItemFee
Special Signature Requirement$0.07
Rolled Coins (per roll)$0.05
Strapped Currency (per strap)$0.10
Charge Back Items$2.00
Currency Straps (per 1000)$3.00
Coin Wraps (per 1000)$3.00
Accrued Interest PaidVaries
Negative Collected Balance ChargeSSB&T Base Rate

This Schedule of Fee applies to the Business Checking and Business Interest Bearing Accounts that you maintain with Security State Bank & Trust. There are some fees that may not pertain to your account at the present time; therefore your account will not be subject to these on a monthly basis.

The value of your balance is determined by applying an earnings credit rate to the average investable balance in the account. This is called “earnings credit”. The earnings credit rate is based on current market rate and is subject to change monthly. The investable balance is calculated by deducting the reserve assessment from your average collected balance. The cost of your services is determined monthly based on this fee schedule.

At the end of the month, the Bank compares your earnings credit to the total cost of services. If the earnings credit is in excess of your cost, there is no service charge. If the earnings credit is less than the cost of services, the difference will be your service charge.

Any additional cost of services is provided under a separate Fee & Information Schedule.


Business Checking Account

Minimum deposit to open$100.00
Unlimited check writing
Earnings credit applied to total cost of services
Standard and Additional Account Analysis and Other Fees Apply

Business Interest Bearing Account

Minimum deposit to open$100.00
Interest bearing account
Earnings credit applied to total cost of services
Standard and Additional Account Analysis and Other Fees apply

Business Money Market Acount

Minimum deposit to open$2,500.00
Minimum daily balance to avoid service charge$2,500.00
Service Charge Fee$10.00
Withdrawal fee in excess of 6 per statement cycle (check, draft or similar order to 3rd parties)each $10.00
Additional Account Analysis and Other Fees Apply

Small Business Checking Account

Minimum deposit to open$100.00
Service charge feeNONE
200 Free transactions per statement cycle (deposits, debits to accounts, checks deposited)
Excess transactions per cycle$0.25
No Standard Account Analysis
Additional Account Analysis and Other Fees Apply

Business Savings Account

Minimum deposit to open$50.00
Minimum daily balance to avoid service chargeNONE
Withdrawal fee in excess of two during a monthly statement cycleeach $2.00
Additional Account Analysis and Other Fees Apply