Business Checking

Express Business Checking

• Monthly Maintenance Fees – No Fee
• Transaction Fees and Restrictions – Unlimited check writing
• Additional Benefits – Checks are listed in check number order for easy balancing of statement.
• Non-image Statements
• Free eStatements Available

Express Business Checking With Interest
Corporations and Partnerships are not eligible.

• Monthly Maintenance Fees – If the account balance falls below $1,000.00 during the monthly statement cycle, there will be a $4.00 maintenance fee.
• Transaction Fees and Restrictions – Unlimited check writing, with no per item charge.
• Interest Information – Interest is earned using the daily balance method and is paid each statement cycle. All rates are subject to change at Peoples State Bank’s discretion and are available upon request.
• Non-image Statements
• Free eStatements Available

Money Market Checking was Insured Money Market Account (IMMA)
Corporations and Partnerships are not eligible

• Statement Maintenance Fee – A maintenance fee of $10.00 will be imposed each statement cycle if the balance falls below $1,000.00.
• Item Fees and Restrictions – A $3.00 per item fee will apply if more than 25 checks or drafts are presented in a statement cycle.
• Interest & Rate Information – Interest is earned using the daily balance method and is paid each statement cycle. The interest rate is tiered based on the account balance. All rates are subject to change at Peoples State Bank’s discretion. Tiers and rates are available upon request.
• Non-image Statements
• Free Checks
• Free eStatements Available

Corporate Sweep Accounts
This account is designed for the customer who is not eligible to earn interest. Primary candidates are corporations and partnerships that carry larger balances in their checking account. The account will be analyzed to establish a target balance. The target balance represents the amount necessary to offset the cost of the services associated with the account. The target balance is used to trigger automatic transfers (sweeps) to and from an interest paying Repurchase Agreements Investment Account (REPOS). Repurchase Agreements are not FDIC insured, but are collateralized by US Securities held by a correspondent bank. See a Personal Banker for more details.

All of the above accounts can be protected by automatic transfers from savings or an overdraft protection line of credit.