Business Checking and Savings

Checking

Business checking

  • $1,000 minimum balance to avoid a monthly service charge (M.S.C.).  If a M.S.C. does apply, a fee of $10 will be assessed
  • First 50 debit (check) items and 150 credit (deposit) items will be processed monthly with no fee
    • A fee of $.08 will apply to each item over 50 debits or 150 credits
    • If the account activity exceeds these parameters, the bank will have the option to convert the account to the Business Analysis Checking account
  • Credit card merchant services available
  • Coin and currency services available
  • Night depository
  • Return of imaged checks with monthly statement

Business Analysis checking

This account provides larger businesses with a wide variety of convenient services. You will receive an earnings credit that allows you to offset or eliminate fees based on the balance in your account.

  • No minimum balance requirement
  • Earnings credit** paid on daily collected balance, not to exceed monthly charges assessed by the bank
  • $10 monthly flat fee
  • $.08 per debit or credit item processed
  • Credit card merchant services available
  • Coin and currency services available
  • Night depository
  • Return of imaged checks with monthly statement

Business Interest checking

  • Interest bearing**, compounded monthly
  • $25,000 minimum balance to avoid a monthly service charge (M.S.C.)
    • If a M.S.C. does apply, a fee of $25 will be assessed
  • First 50 debit (check) items and 150 credit (deposit) items will be processed monthly with no fee
  • A fee of $.08 will apply to each item over 50 debits or 150 credit items
  • Credit card merchant services available
  • Coin and currency services available
  • Night depository
  • Return of imaged checks with monthly statement

Non-profit organization checking

  • No minimum to open
  • Non-interest bearing
  • Up to 25 debit and/or credit items processed per month with no charge
    • If the account activity exceeds these parameters, the bank will have the option to convert the account to the Business Checking account
  • Return of imaged checks with monthly statement

Non-profit organization interest checking

  • No minimum to open
  • Interest bearing**, compounded monthly
  • $1,000 minimum balance to avoid a monthly service charge (M.S.C.). If a M.S.C. does apply, a fee of $5 will be assessed
  • Up to 25 debit and/or credit items processed per month with no charge
    • If the account activity exceeds these parameters, the bank will have the option to convert the account to the Business Checking account
  • Return of imaged checks with monthly statement

Savings

Business/Organization savings account

  • $100 minimum balance to open
  • Interest bearing**, compounded quarterly
  • $100 daily balance must be maintained to earn interest for the statement cycle
  • $300 minimum balance to avoid a quarterly service charge (Q.S.C.)
    •  If a Q.S.C. does apply, a fee of $8 will be assessed
  • Withdrawals are limited to six (6) per quarter. Withdrawals in excess of six (6) will be charged an excess withdrawal fee of $2 per transaction (Transactions that continually exceed these parameters may result in account closure.)

Business/Organization Money Market account

  • $100 minimum to open
  • $1,500 minimum balance to avoid a monthly service charge (M.S.C.)
  • If a M.S.C. does apply, the following fee will be assessed:
    • Minimum balance of $750 – $1,500: $5 M.S.C.
    • Minimum balance of $0 – $749: $10 M.S.C.
  • Interest bearing**, compounded monthly

Tier 4 Minimum balance of $2,500 – $24,999
Tier 3: Minimum balance of $25,000 – $49,999
Tier 2: Minimum balance of $50,000 – $74,999
Tier 1: Minimum balance of $75,000 or more

  • $2,500 daily balance must be maintained to earn interest for the statement period
  • Withdrawals are limited to six (6) per month. Withdrawals in excess of six (6) will be charged an excess withdrawal dee of $2/transaction. (Transactions that continually exceed these parameters may result in account closure.)

** Interest rate and earnings credit are set by Wyoming Bank & Trust and are subject to change.

Business Sweep accounts

For larger balance business accounts, Wyoming Bank & Trust offers accounts that can sweep your excess balances daily.  For more information, please contact us.

 

For more information about FDIC insurance coverage of transaction accounts, visit www.fdic.gov.