Business Deposits
Park State Bank has a variety of business checking accounts options. All checking accounts include free eStatements, access to online & mobile banking, and debit cards.
For more information regarding Business Checking and Savings accounts, or to open an account today, Contact Us.
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Small
Business Checking
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Business
Analysis Checking
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Business
Interest Checking
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Community Checking | |
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| BEST IF YOU'RE LOOKING FOR |
A checking account for lower transaction volumes |
A checking account for higher transaction volumes |
Great for accounts that might carry a larger balance |
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| MINIMUM OPENING BALANCE | $50 | $100 | $5,000 | $50 |
| MINIMUM BALANCE | No minimum balance required |
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| MONTHLY MAINTENANCE FEE |
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| INACTIVITY FEE | $10 monthly fee if account remains inactive for 12 consecutive months, without any debits or credits, and the account balance is less than $50.00 | $10 monthly fee if account remains inactive for 12 consecutive months, without any debits or credits, and the account balance is less than $50.00 | $10 monthly fee if account remains inactive for 12 consecutive months, without any debits or credits, and the account balance is less than $50.00 |
$10 monthly fee if account remains inactive for 12 consecutive months, without any debits or credits, and the account balance is less than $50.00 |
| INTEREST BEARING | No interest paid | No interest paid but an earnings credit can help you reduce your service charge |
Tiered interest; compounded and paid monthly
Variable interest rate and subject to change at bank's discretion
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No interest paid
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| ADDITIONAL INFORMATION |
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First 100 items free;
$.50 per item over 100 per statement cycle Accrued interest will not be paid out if the account is closed before the interest is credited
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First 100 items are free; $0.25 per item over 100 per statement cycle
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ADDITIONAL FEATURES for CHECKING |
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business Savings Accounts
Earn interest on your business deposits. All savings accounts include free e-statements, access to online & mobile banking.
| Business Savings | |
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| BEST IF YOU'RE LOOKING FOR | A simple business savings account with a lower minimum balance and a competitive interest rate |
| MINIMUM OPENING BALANCE | $100 |
| MINIMUM BALANCE | $100 minimum balance to avoid fees and to obtain the disclosed annual percentage yield |
| MONTHLY MAINTENANCE FEE | $10 monthly fee if balance falls below the minimum requirement |
| INACTIVITY FEE | $10 monthly fee if account remains inactive for 12 consecutive months, without any debits or credits, and the account balance is less than $50.00 |
| INTEREST BEARING |
Interest bearing on average daily balance; compounded and paid quarterly. Tiered interest rates.
Variable interest rate and subject to change at bank's discretion
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| ADDITIONAL INFORMATION | Accrued interest will not be paid out if the account is closed before the interest is credited |
ADDITIONAL FEATURES for Savings |
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A $1 fee will be charged for transfers, withdrawals, and balance inquiries when you use an ATM not owned by Park State Bank, Lucky Seven General Stores or an ATM not in the Money Pass Network.
The number of pre-authorized withdrawals or transfers is limited to 6 per month, including those made by check, draft, debit card or similar order to third parties. Any transaction in excess of 6 will be charged $1 per transaction. Withdrawals made at ATMs or in person are unlimited.