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Business Accounts
At Preferred Bank we understand the importance of business. Thats why we offer accounts exclusively for businesses. For more information please contact your local branch.
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Commercial Checking Account $100 minimum to open
$10 monthly service charge which may be offset with Earnings Credit
$0.10 per check and deposit item which may be offset with Earnings Credit
Free Internet Banking
Small Business Checking
$100 to open account
$500 minimum balance to avoid $7.50 montly service charge
Up to 50 checks per month included, $.25/each thereafter
Up to 50 deposit items per month included, $.25/each thereafter
Free Internet Banking
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NOTICE: FDIC NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE
COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules. The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market deposit accounts, and Interest on Lawyers Trust Accounts ("IOLTAs").
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
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