BankChampaign maximizes your business funds with a range of available accounts, all which offer online banking and mobile banking features. Debit cards are available with most checking accounts.
Commercial Checking*
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Small Business Checking Low cost checking for small businesses with limited transactions
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| • | Minimum opening deposit of $300 |
| • | No monthly service charge |
| • | 300 free items per month (includes deposits, deposited items, debits, ACH) |
| • | $0.30/item over 300 |
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Commercial Checking Essential tool for medium to large businesses with higher levels of activity
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| • | Minimum opening deposit of $300 |
| • | $10/month service charge + transaction fees: $0.15/deposit, $0.10/deposited item, $0.15/debit (includes ACH) |
| • | Earnings credit to offset fees = Current NOW account rate |
| • | Unlimited checkwriting |
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Community NOW Checking Current rates Available for non-profit, religious, educational and fraternal organizations
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| • | Minimum opening deposit of $300 |
| • | No monthly service charge |
| • | Unlimited free transactions |
| • | No daily balance requirement to earn interest |
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Merchant Checking Designed for high volume retail accounts
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| • | $15/month service charge + transaction fees: $0.66/deposit, $0.36/deposited item, $0.23/debit (includes ACH) |
| • | Earnings credit to offset fees = Current NOW account rate (based on average monthly ledger balance less average uncollected balance and bank’s legal reserve amount) |
| • | $1.35/$1,000 currency |
| • | $0.35/coin roll |
| • | $1.65/$1,000 currency (cash) deposited |
| • | FDIC insurance fee = $0.19/$100 average monthly balance |
| • | $75 overnight security fee |
*Unlawful Internet Gambling Notice - Restricted transactions as defined in Federal Reserve Regulation GG are prohibited from being processed through this account or relationship. Restricted transactions generally include, but are not limited to, those in which credit, electronic funds transfers, checks or drafts are knowingly accepted by gambling businesses in connection with the participation by others in unlawful Internet gambling.
Commercial Savings
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Commercial Money Market Current rates The higher the balance, the higher the rate
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| • | Minimum opening deposit of $1,500 |
| • | Daily balance of $200 or more to earn a tiered rate of interest |
| • | Unlimited withdrawals/deposits in person; limited to six transfers/checks/electronic debits per month; checks and electronic debits are $2 each |
| • | $10/month service charge if balance falls below $5,000 |
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Commercial Savings Account Current rates A safe haven for business assets
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| • | Minimum opening deposit of $200 |
| • | All balances earn interest that is compounded quarterly |
| • | Nine free withdrawals per quarter; additional withdrawals are $1 each |
| • | Limit of 6 transfers/electronic debits per month |
| • | $9/quarter service charge if daily balance falls below $200 |
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Certificates of Deposit Current rates 100% FDIC insured
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| • | Terms ranging from 3 months to 5 years |
| • | Jumbo certificates available |
| • | Interest compounded quarterly |
| • | Penalties may be enforced for early withdrawals |