Business Checking Your business checking account at Elkhart Community Bank is an important financial tool for your enterprise. This account accommodates high transaction businesses and offers check images with your monthly statement. Take advantage of a monthly earnings credit to offset monthly account service charges. Sole proprietorships or non-profit organizations may be eligible for an interest bearing (NOW) account.
Business First Checking This account accommodates the small business with minimal transaction needs. Maintain a minimum daily balance of $200 to avoid the $5.00 monthly maintenance fee. 15 checks/debits may clear this account at no charge. Checks/debits over 15 will be charged $.50 each. Unlimited deposits at no charge.
Earnings Credit With an Elkhart Community Bank business checking account, you will receive an earnings credit for each monthly statement period based on the average monthly collected account balance. The earnings credit may be used to offset monthly service charges.
Monthly Maintenance
$5.00
Per check written or other debit
$0.15
Per deposit to your account
$0.10
Per check deposit to account
$0.10
Returned deposited item
$6.00
Business Sweep Account A business sweep account is available for accounts with excess balances. All funds above a specified amount would be swept nightly into an interest bearing account. See your customer service representative for rates and additional information
Service Fee Schedule*
Garnishments, levies & court orders
$20.00
Stop Payment
$25.00
Non-Sufficient Funds (per item)
$27.00
Returned Deposit Item Fee
$6.00
Incoming Wire Transfer Fee
$12.00
Outgoing Wire Transfer Fee
$15.00
Research
$20.00/per hour
Collection Fee
$25.00 per item
Statement Printout
$2.00
Cashiers Check
$3.00
Money Order
$2.00
* Minimum balances, charges and rates subject to change without notice.
Business Money Market
Account earns a competitive market rate. You may make up to six transfers from your Money Market Account per month, three of which may be payments by check to third parties. The $15.00 monthly minimum balance fee is waived with a daily balance of $1,000.00.
Business Savings Account Elkhart Community Bank pays a competitive interest rate with a low minimum balance of only $100. Withdrawals in excess of five per month, will each incur a $.50 transaction fee. A $2.00 monthly minimum balance fee is waived with a daily balance of $100.00. A non-sufficient funds fee will be charged if you overdraw your business savings account.
(574) 295-9600
(574) 293-5858
