An account with unlimited items and no minimum balance for businesses that have a large number of cash transactions.
- Available to Money Service Businesses (MSB) and Independent Service Organizations (ISO)
- $200.00 monthly compliance review fee
- $13.95 monthly maintenance fee
- Unlimited transactions per month, including debits, credits, and checks deposited
- $100 minimum deposit to open
Each month, your account is analyzed by calculating the average monthly ledger balance and subtracting the uncollected funds (float). The remaining balance is your average collected balance. The legal reserve requirement is then deducted to provide the amount that we can invest. We then assign an earnings credit (which varies monthly) to arrive at the earnings on your account for the month. Monthly expenses associated with the account are then deducted from earnings. If earnings on your account exceed the expenses, there is no monthly service charge. If expenses exceed the account earnings, there will be a charge to your account for the difference.
See Business Fee Schedule for all fee amounts, including charges which may apply for non-sufficient funds or overdraft.