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Business Checking

 

Account Free Business Checking Small Business Checking Business Interest Checking Mountain Business (MBA) Checking Smart Deposit Checking Commercial Analysis
Description Sole Proprietors & Non-profit Organizations only   Available to sole proprietors, non-profit organizations, government units and those acting in a fiduciary capacity. Federal regulations prohibit us from offering interest checking to partnerships or corporations.   Remote deposit allows you to scan checks and electronically transmit the scanned images directly to Mountain Valley Community Bank for depositing to your account all without leaving your office. (Subject to credit approval.)  
Opening Balance $95 $95 $95 $95 $100 $100
Monthly Service Charge None $5 $15 $15 $50 $7
Service Charge Waived N/A $2,000 minimum daily ledger balance $2,500 minimum daily ledger balance $2,000 minimum daily ledger balance OR $5,000 average collected balance OR a $25,000 combined daily ledger balance of all primary accounts and loans held in the customer portfolio. Earnings credit can be applied to charges and can significantly reduce or even eliminate the amount of service fee incurred. The earnings credit is calculated based on the daily collected balance at the average 90-day T-bill. Earnings credit can be applied to charges and can significantly reduce or even eliminate the amount of service fee incurred. The earnings credit is calculated based on the daily collected balance at the average 90-day T-bill.
Transactions Unlimited 150 FREE monthly items (checks, ACH, deposited items, debit card transactions, & withdrawals) Unlimited 400 Free monthly items (checks, ACH, deposited items, debit card transactions, & withdrawals) $.07 per item over $.07 per item over
Excess Items N/A $.15 per excess item over 150 N/A $.15 per excess item over 400 N/A N/A
Interest Bearing No No Yes Yes No No
Interest Tiers N/A N/A $0 or more* $0 or more* N/A N/A
Cash Management Available Available Available Available Available Available
Business Debit Card
(Subject to Credit Approval)
Free Free Free Free Free Free
Statements Paper or Electronic Paper or Electronic Paper or Electronic Paper or Electronic Paper or Electronic Paper or Electronic
Free Business Checking
Description Sole Proprietors & Non-profit Organizations only
Opening Balance $95
Monthly Service Charge None
Service Charge Waived N/A
Transactions Unlimited
Excess Items N/A
Interest Bearing No
Interest Tiers N/A
Cash Management Available
Business Debit Card Free
Statements Paper or Electronic
Small Business Checking
Description  
Opening Balance $95
Monthly Service Charge $5
Service Charge Waived $2,000 minimum daily ledger balance
Transactions 150 FREE monthly items (checks, ACH, deposited items, debit card transactions, & withdrawals)
Excess Items $.15 per excess item over 150
Interest Bearing No
Interest Tiers N/A
Cash Management Available
Business Debit Card Free
Statements Paper or Electronic
Business Interest Checking
Description Available to sole proprietors, non-profit organizations, government units and those acting in a fiduciary capacity. Federal regulations prohibit us from offering interest checking to partnerships or corporations.
Opening Balance $95
Monthly Service Charge $15
Service Charge Waived $2,500 minimum daily ledger balance
Transactions Unlimited
Excess Items N/A
Interest Bearing Yes
Interest Tiers $0 or more*
Cash Management Available
Business Debit Card Free
Statements Paper or Electronic
Mountain Business (MBA) Checking
Description  
Opening Balance $95
Monthly Service Charge $15
Service Charge Waived $2,000 minimum daily ledger balance OR $5,000 average collected balance OR a $25,000 combined daily ledger balance of all primary accounts and loans held in the customer portfolio.
Transactions 400 Free monthly items (checks, ACH, deposited items, debit card transactions, & withdrawals)
Excess Items $.15 per excess item over 400
Interest Bearing Yes
Interest Tiers $0 or more*
Cash Management Available
Business Debit Card Free
Statements Paper or Electronic
Smart Deposit Checking
Description Remote deposit allows you to scan checks and electronically transmit the scanned images directly to Mountain Valley Community Bank for depositing to your account all without leaving your office. (Subject to credit approval.)
Opening Balance $100
Monthly Service Charge $50
Service Charge Waived Earnings credit can be applied to charges and can significantly reduce or even eliminate the amount of service fee incurred. The earnings credit is calculated based on the daily collected balance at the average 90-day T-bill.
Transactions $.07 per item over
Excess Items N/A
Interest Bearing No
Interest Tiers N/A
Cash Management Available
Business Debit Card Free
Statements Paper or Electronic
Commercial Analysis
Description  
Opening Balance $100
Monthly Service Charge $7
Service Charge Waived Earnings credit can be applied to charges and can significantly reduce or even eliminate the amount of service fee incurred. The earnings credit is calculated based on the daily collected balance at the average 90-day T-bill.
Transactions $.07 per item over
Excess Items N/A
Interest Bearing No
Interest Tiers N/A
Cash Management Available
Business Debit Card Free
Statements Paper or Electronic

* Interest will be calculated on daily collected balances and credited monthly.