Business Banking Accounts
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Deposit Accounts
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Business Checking
An opening deposit of $1,000 is required. Transactions are limited to 100 items per month including checks paid, deposited and items deposited. A fee of $.40 per transaction will be assessed in excess of 100 per month. A $2,500 minumum balance must be met in order to avoid a maintenance fee of $15. An earnings credit based on the collected monthly balance may offset any maintenance fee assessed.
Business Money Market
An interest bearing account in which you may make up to six pre-authorized, automatic or telephone transfers from your account each statement cycle. Of the six transactions, no more than three may be a point of sale, draft or check payable to a third party. Interest accrues daily, compounds and credits monthly. An opening deposit of $2,500 is required, and a daily minimum of $2,500 must be met in order to avoid a maintenance fee of $15. A $10 fee will be assessed for each transaction exceeding the limitations.
Red Rock Business Advantage
Unlimited transactions. A $15 monthly maintenance fee will be assessed per statement cycle plus $.40 per deposit, $.12 per debit and $.06 per deposited item. An earnings credit based on the collected monthly balance may offset any service charge assessed. An opening deposit of $1,000 is required. Other account fees may apply depending upon usage.
Refer to your account disclosures for additional information.
Other Services
- Revolving Lines of Credit
- Small Business Administration Loans
- Letter of Credit
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