Our Account Analysis Program is applied to the
Business Checking Account to allow compensating
balances to cover the everyday charges incurred
on a business account.
| |
| Monthly Maintenance Fee |
$12.00 |
| Per Check Fee |
$ .20 |
| Transit Items |
$ .20 |
| Deposit |
No Charge |
The variable earnings credit rate is applied
to the average collected monthly balance.
These earnings are an offset to your monthly
service charge. |
The Valley Community Bank Small Business Checking Account
may be opened with as little as $50. Maintain a minimum balance
of $1,500 and you won’t
pay a monthly service charge.
Unlimited deposits and no deposit fee. We never charge
a fee to visit any of our Tellers or Customer Service Representatives.
You’re allowed up to 150 items free each month. An
item includes any checks that you write, or checks drawn
against other banks that you deposit into your account (transit
items). Of course, there’s no charge for any checks
drawn on Valley Community Bank customer accounts and deposited
into your account. If you should exceed 150 such items in
a month, each additional item is only fifty cents.
ACH debits and credits to your account and transfers between
your Small Business Account and any of your other accounts
with us are also free.
Internet banking and EZ Bill Pay are also free with your
Valley Community Bank Small Business Checking Account.
If your business uses a lot of coins or currency, that’s
fine, too. There’s no charge for coin or currency orders
at Valley Community Bank.
Should the balance in your Small Business Account fall below
$1,500 during the month, your account is assessed a $15 charge
for the month.
The Corporate Sweep is designed for the larger
corporate customer. It is set up as a companion
to the Business Checking Account. It provides
automatic cash management of funds by utilizing
retail repurchase agreements (or REPOS). REPOS
are short-term debt obligations of the bank.
REPOS are not FDIC insured but are collateralized
by U.S. securities held by a correspondent
bank which are fully guaranteed by the United
States or one of its agencies. With no FDIC
maximum insurance guidelines, the corporate
customer is able to maintain secured balances
in excess of $100,000.00
The Corporate Sweep requires a minimum deposit
of $100.00 to open and has a monthly maintenance
fee of $35.00. It has a variable interest
rate and the interest is compounded and credited
monthly.
Valley Community Bank Statement Savings allows
unlimited deposits, a low minimum balance
and liquidity.
There is a $50.00 minimum deposit to open
this account. In order to avoid a $4.00 monthly
service charge, you must maintain a minimum
balance of $100.00. You are allowed nine (9)
withdrawals per quarter, and there is a $1.00
fee per withdrawal for each in excess of nine
per quarter. Interest on our Statement Savings
Account is compounded and credited quarterly.
See our rate chart for
interest rate information.
* The interest rate and
annual percentage yield may change.
Our Business Checking is well-suited for small
businesses. With no transaction fees and a
$500.00 minimum balance, this account allows
you to earn interest instead of paying for
each check and deposit.
This account is available only to sole proprietorships
and Non-Profit Organizations. There is a minimum
balance fee of $8.00 with a variable interest
rate.
Current interest rate is 2.25% APY** and you receive the following
benefits:
- FREE 10" Plush Fox Bank
- 1 Box FREE Golden Eagle Checks
- Unlimited Check Writing
- Offer effective as of the date of the publication (see
our current rate chart)
Variable rate is tied to the VCB 3 month interest rate.
This account requires a $5,000.00 minimum balance to earn
rate. (Fees may reduce earnings.)
* Interest rate may change
** APY is Annual Percentage Yield
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Equal Housing Lender • Member FDIC 
