May 21, 2013
Northeast Business Checking
Northeast Bank’s business services come with our commitment to do everything we can to add to your success. At Northeast Bank, we’ve built our business by putting people and relationships first. Profitability has naturally followed. These values have worked for us. They will work for you, too.
Northeast Business Checking is a competitively priced, flexible account that allows businesses the advantage of an earnings credit to offset service charges. The earnings credit is paid on each $100 of your company’s investable balance. Investable balance is your collected balance less a 10% reserve required by Federal law.
Service charges calculated on your Northeast Business Checking, which may be offset by your earnings credit, include:
|Northeast Business Checking Accounts|
|Monthly Maintenance Fee||$14.00|
|Each Item Deposited||$.10|
|Each Check/ Debit Drawn on Account||$.20|
|Each Return Item||$4.00|
|Each Stop Payment||$25.00|
|Currency and Coin Order (per $1,000)||$1.50|
|Cash Management (Internet Banking)|
Fees listed are for informational purposes only. Check with your banker for current fees.
To determine your company's likely monthly service charges, we invite you to complete the form below.
# X .40 = $________
# X .10 = $________
|Checks/Debits Against Account|
# X .20 = $________
|Total Service Charges|
Total service charges divided by the current earnings credit* (0.02 x 100) / 0.9 equals average ledger balance required to avoid monthly service charges is $________
All depositors are insured up to at least $250,000 by the Federal Deposit Insurance Corporation, through December 31, 2013. Future legislation will dictate the level of insurability thereafter.
* .02 earnings credit is used for illustration purposes only. See your banker for the current earnings credit.
Small Business Checking
Northeast Small Business Checking is a basic checking account for smaller businesses. It is an excellent option for you if you run a limited number of banking transactions and normally keep a lower balance in your business checking account. An earnings credit is not applied to offset service charges for this account and this account does not earn interest.
There is no monthly maintenance fee for this account if you keep a minimum balance of $1,000 in your checking account and have fewer than 40 debit items per statement cycle. Electronic debits are included in 40 items per statement cycle allowance. Additional debit items are $.25 per item. There is a $5 monthly maintenance fee if the minimum balance in the account drops below $1,000 during the statement cycle. Standard fees for other bank services apply.