business > Checking > Public Funds Banking

Public Funds Banking

Building thriving communities.

 

The communities we work and live in are supported by the municipalities and public entities that service and govern them.  Whether you oversee a city, township, hospital, school, library or public utility, your business is taking care of the community by helping it grow and thrive.  Our business is helping you thrive. 

Use the chart below to compare the public funds checking account options available to meet your unique checking and savings needs.

 


Public Funds Analysis Checking
Public Funds Interest Analysis Checking
Public Funds Net Analysis Checking
Public Funds Money Market
Designed For Organizations with high monthly transaction volume providing an earnings credit allowance to offset fees and full FDIC insurance coverage
High monthly transaction volume organizations offering competitive rate of interest
High monthly transaction volume organizations desiring flexible interest and earnings credit options
Organizations looking to earn a premium yield on excess liquid balances
Opening Requirements $50
$50
$50
$50
Monthly Maintenance Fee Yes1 Yes1 Yes1 N/A
How To Avoid Or Reduce Maintenance Fee
No minimum balance requirement No minimum balance requirement No minimum balance requirement No minimum balance requirement
Transaction Allowance Unlimited 1 Unlimited 1 Unlimited 1 Limit of six (6) preauthorized transfers from your account each month per Federal Regulation D 2
Earnings Credit Allowance Yes N/A
Yes N/A
Earns Interest N/A Yes Yes 3 Yes
Interest Tiers N/A

$0 - $24,999

$25,000 - $49,999

$50,000 - $99,999

$100,000 - $249,999

$250,000 +

$0 - $24,999

$25,000 - $49,999

$50,000 - $99,999

$100,000 - $249,999

$250,000 +

$0 - $99,999

$100,000 - $249,999

$250,000 - $499,999

$500,000 - $999,999

$1,000,000 - $2,499,999

$2,500,000 +

Online Banking & Bill Pay

Yes
Yes
Yes
Yes
Extras
  • Treasury Management Service options
  • eStatements available
  • Business Debit Card
  • Business Credit Card
  • Treasury Management Service options
  • eStatements available
  • Business Debit Card
  • Business Credit Card
  • Treasury Management Service options
  • eStatements available
  • Business Debit Card
  • Business Credit Card
  • Monthly Statement cycle
  • Free combined statements
  • eStatements Available
Additional Fee Information Please refer to Schedule of Service Charges & Fees Please refer to Schedule of Service Charges & Fees Please refer to Schedule of Service Charges & Fees Please refer to Schedule of Service Charges & Fees

 

1 Monthly maintenance fee applies.  Per item charges will be assessed for each transaction.  Please contact our Customer Service Center at 1.877.820.2265 for additional information.

2 Federal Regulation D limits certain types of withdrawal and transfer transactions you can make out of your savings or money market account to a maximum combined total of six (6) preauthorized transfers per month.  These transactions include automatic transfers for overdraft coverage to your checking account, checks, drafts or similar other withdrawals payable to third parties, point-of-sale (POS) purchase transactions with an ATM/debit card, or by preauthorized or automatic payment transfers (including ACH and wire transfers) via telephone or online (including Bill Pay). Excessive transactions may result in the Bank, at its discretion, either closing your account or changing your account to a noninterest-bearing account.

3 Interest for the Public Funds Net Analysis Checking account is calculated and paid on the net remaining average available balance after service charges are offset by earnings credit.