Business Accounts

Business Analysis 

$100 minimum deposit to open

Monthly maintenance fee $15

$.40 cents for each deposit ticket processed

$.10 cents for each item processed within the deposit

$.10 cents for each debit, electronic debit or credit

Earnings credit may offset charges depending on balance

 

Business Analysis with Interest 

$100 minimum deposit to open

Monthly maintenance fee $15

$.40 cents each deposit ticket

$.10 cents for each item processed within the deposit

$.10 cents for each debit, electronic debit or credit

Competitive interest rate paid on collected balance

 

Value Business Checking 

$100 minimum deposit to open

$10 per month if average collected balance falls below $5000

$.25 per item over 500 items processed

 

Business Checking 

$100 minimum deposit to open

No Monthly Maintenance fee

$.25 cents per item processed over 250 items

 

Business Checking with Interest 

$100 minimum deposit to open

$10 monthly maintenance fee

$.25 cents per item processed over 250 items

Competitive interest rate paid on collected balance of $5000 or more

 

Relationship Money Market Business 

High Yield Money Market account for business customers whose existing total relationship is $250,000 or more

Interest is paid based on tiers

$2,500 minimum balance to avoid $10 service charge

*Limited transactions

 

Money Market Business

$1,000 minimum balance to avoid $10 monthly service charge

Interest is paid based on tiers

*Limited transactions

 

Statement Savings Business 

$100 minimum opening deposit

$100 minimum balance to avoid $5 monthly service charge

$2 per withdrawal in excess of 6 per month

Interest is compounded quarterly

*Limited transactions

 

Non Profit Checking 

$100 minimum opening deposit

Unlimited check writing

No minimum balance to maintain

Available to non-profit organizations & churches only

 

Non Profit Checking With Interest 

$100 minimum opening deposit

Unlimited check writing

$1,000 minimum balance to avoid $10 monthly service charge

Balances $2,500 and above earn competitive interest

Available to non-profit organizations and Churches only

 

Public Funds Analysis 

$100 minimum deposit to open

$.40 cents each deposit ticket

$.10 cents for each item processed within the deposit

$.10 cents for each debit, electronic debit or credit

Earning credit may offset charges depending on balance

 

Public Funds Analysis with Interest 

$100 minimum deposit to open or maintain

Monthly fee of $15 for balances below $25,000

$.40 cents each deposit ticket

$.10 cents for each item processed within the deposit

$.10 cents for each debit, electronic debit or credit

Competitive interest rate paid on collected balance

 

Public Funds Checking 

$100 minimum deposit to open

No monthly maintenance fee

$.15 cents per item processed over 1,000 items

 

Public Funds Checking with Interest 

No minimum deposit to open or maintain

$10 monthly service charge for balances below $5,000

$.15 cents per item processed over 1,000 items

Competitive interest rate paid on collected balance of $5000 or more

 

Public Funds Savings 

$100 minimum opening deposit

$100 minimum balance to avoid $5 monthly service charge

$2 per withdrawal in excess of 6 per month

Interest is compounded quarterly

*Limited transactions

 

Public Funds Relationship Money Market 

High Yield Money Market account for business customers whose existing total relationship is $250,000 or more

Interest is paid based on tiers

$2,500 minimum balance to avoid $10 monthly service charge

*Limited Transactions

 

IOLTA ( Interest on Lawyers’ Trust Accounts)

No minimum opening deposit

No minimum balance

No service charge

Interest paid quarterly

 

All business accounts include monthly statements with images, free online banking, bill pay and debit card.

Public Funds accounts can only be utilized by entities such as state, city, county, schools, etc.

 

*This account is limited to six transfers by check, draft or similarorder per monthly statement cycle.  Transfer limitation transactions include transfers to other accounts, transfers to third parties by preauthorization, automatic withdrawal agreements or telephone transfers. Withdrawals made in person, by mail or at an ATM are unlimited.

 

Account Fees and Charges        
Insufficient Check

$19

  Collection Items

$20

Stop Payment

$20

  Dormant Fee per Month

$5

Research per Hour

$20

  Reconcilement Fee per Hour

$15

Domestic Wire Transfer

$10

  Chargeback Item

$2

International Wire Transfer

$45

  Temporary Statement

$2

Official Checks

$5

     

 

Additional Business Services

 

Automated Clearing House (ACH)

  • Send funds electronically for payroll, vendor and tax payments
  • Reduces high cost of check writing
  • Collect funds owed to you electronically
  • Less float time and improved cash flow

Remote Deposit Capture (RDC)

  • Deposit checks without leaving your office
  • Faster access to funds with daily deposits

Merchant Services

  • Accept MasterCard, Visa, Discover and American Express
  • Next day funding of most transactions into your checking account

Line of Credit Sweep (LOC)

  • Minimizes interest expense on commercial lines of credit by sweeping excess balances to pay down line of credit
  • Automatic draw downs from line of credit when funds are needed

Zero Balance Accounts (ZBA)

  • Automatically consolidates funds into a master account
  • Minimizes idle balances while reducing NSF fees

Wires

  • Ability to move funds as a same-day electronic transaction
  • One time transactions or repetitive templates can be established

Peoples Bank of Alabama can provide a comprehensive solution that best meets the needs of your business. We can help you accelerate cash inflows, maintain liquidity, maximize earnings, manage borrowings and minimize financial risks.