May 15, 2008
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:
| Checking Accounts | |
| Monthly Maintenance Fee | $14.00 |
| Each Deposit | $.40 |
| Each Item Deposited | $.10 |
| Each Check/ Debit Drawn on Account | $.20 |
| Each Return Item | $5.00 |
| Each Stop Payment | $25.00 |
| Currency and Coin Order(per $1000) | $1.00 |
| NetTeller Banking | |
| all accounts | FREE |
| Cash Management (Internet Banking) | |
| all accounts | $29.95 |
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.
| Deposits | |
| . | # X .40 = $________ |
| Checks Deposited | |
# X .10 = $________ |
|
| Checks/Debits Against Account | |
# X .20 = $________ |
|
| Maintenance Fee | |
$14.00 |
|
| Total Service Charges | |
$________ |
|
| ....................... | |
Total service charges divided by the current earnings credit* (.10 x 100) / .9 equals average ledger balance required to avoid monthly service charges is $________
All deposits are insured up to $100,000 by the Federal Deposit Insurance Corporation.
* .10 earnings credit is used for illustration purposes only. See your banker for the current earnings credit.
