For all of your business needs, this account is designed so that
you pay for what you use. We use an earnings credit to offset
activity charges. It's a way to earn credit on your balances to
offset charges.
Account Benefits & Features:
- Minimum daily balance of $3,500.00 OR an average monthly balance
of $8,000.00 to avoid a $17.00 monthly maintenance fee
- Per-item fees, so you pay only for what you use.
Package includes:
- FREE 40 checks written per statement cycle; $0.15 per
check over 40
- FREE Deposits
- FREE first 100 items deposited per statement cycle; $0.10
per item deposited over 100
- FREE ACH debits and credits
- FREE night depository use
- Earnings Credit on average collected balance in excess of
$3,500.00 offset the above per-item fees.
The Bank of Shorewood's Small Business Checking
Account is ideal for businesses that wish to maintain a low minimum
balance and have low to moderate activity.
Account Benefits & Features:
| Minimum Balance |
Maintenance Fee |
Transaction Fees Per Cycle |
| $2,500.00 > |
$0 |
$0.25 per item processed
(first 100 free) |
| $2,499.00 to 1,500.00 |
$10.00 |
$0.25 per item processed
(first 50 free) |
| $1,499.00 to 750.00 |
$15.00 |
$0.25 per item processed
(first 25 free) |
| Below $750.00 |
$20.00 |
$0.25 per item processed
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To assist you in managing your balances and maximizing your interest,
we offer our Business Money Market Account. When you invest your
company's funds you'll earn competitive rates and enjoy the protection
of FDIC insurance. You can deposit your funds directly into the
account or transfer funds from your business checking account.
This account allows unlimited in-person withdrawals and up to
six transactions per statement cycle by check,
draft, POS, debit cards, or money order to third party.
For sole proprietorships, not-for-profit entities and government
agencies. While the account earns a competitive variable interest
rate, you'll be confident that fees will be minimized as you pay
only for activity you use. This account is for those qualifying
businesses with low checking activity.
Account Benefits and Features:
- Interest will be credited to the account monthly
- Maintain a minimum daily balance of $2,500.00 OR and average
monthly balance of $7,500 to avoid a $22.00 maintenance fee.
- Per-item fees, so you pay only for what you use.
Package includes:
- FREE 15 checks written per statement cycle; $0.15
- FREE 10 deposits per statement cycle; $0.50 per deposit
over 10 and all items deposited. $0.10 per check
- FREE ACH debit and credits
- FREE night depository use
- Earnings Credit on average collected balance in excess of
$2,500.00 offset the above per-item fees.
- Commercial Loan or
Line of Credit
- Our Merchant Payment Processing
service will help you process payments from your customers
- Federal Withholding: Bank
of Shorewood is an authorized agent to receive all types of
Federal withholding taxes.
- Safe and convenient 24-hour night depository service is available
- For information on all your accounts call our Direct Line
at (888) 505-6909.
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