Business Select Checking
Optimize your business finances by reducing service charges and maintaining the required minimum balance in your account.
- $100 minimum balance to open account
- Service Charge: $12.00 per month
Transaction Costs:
- Checks Deposited: $0.07 per item
- Checks Cleared: $0.12 per item
- ACH Deposit/Debit: $0.05 per item
- Telephone Transfers: $0.12 per transfer
With Business Select Checking your can enjoy unlimited debit card transactions with no fees. Additionally, there are no fees from transfers via online banking, 24 hour banker, automatic payments and automatic funds transfers between Bank of Luxemburg accounts.
To help offset the fees listed above you will receive an earnings credit on the average collected balance maintained in your business account on a monthly basis. The calculated earnings credit helps pay off or pay down your monthly calculated service charges.
You can request a detailed account analysis that provides insight into all activities and charges associated with your account. Use the account analysis to determine if excess funds can be invested in moved into another account.