Business Checking Accounts

See Fee Schedule Table below

 

Commercial
Checking

Business
Money Market
Checking

Business
NOW
Checking

Business
Checking

Non-Profit
Checking

Eligibility

Corporations, Partnerships, Sole Proprietorships, LLCs, Non-Profits & Government Units

Corporations, Partnerships, Sole Proprietorships & Government Units

Sole Proprietorships, Non-Profits & Government Units

Corporations, Partnerships, Sole Proprietorships, LLCs & Organizations with low to moderate account activity

Non-Profits

Earns Interest

Non-applicable

Yes

Yes

Non-applicable

Non-applicable

Minimum Opening Balance

Non-applicable

$2,500

$750

Non-applicable

Non-applicable

Minimum Daily Balance

Non-applicable

$2,500 to avoid Minimum Balance Fee; $0 to obtain APY

$750 to avoid Minimum Balance Fee; $0 to obtain APY

Non-applicable

Non-applicable

Minimum Balance Fee

Non-applicable

$10 or See (*A) to avoid Minimum Balance Fee

$10 or See (*A) to avoid Minimum Balance Fee

Non-applicable

Non-applicable

Monthly Maintenance Fee

$5

Non-applicable

Non-applicable

$15

Non-applicable

Per Item Fee

$0.20 per check/debit;
$0.25 per deposit/credit;
- Item Deposited -
$0.08 per transit item; $0.06 per Pioneer Bank item or See (*C) to avoid Per Item Fee

Non-applicable

Non-applicable

Non-applicable

Non-applicable

Compounded and Credited Interest

Non-applicable

Monthly

Monthly

Non-applicable

Non-applicable

Transfer Limits

Non-applicable

Yes - See (*B)

Non-applicable

Non-applicable

Non-applicable

Monthly Statement

By Postal Service or E-Statement

By Postal Service or E-Statement

By Postal Service or E-Statement

By Postal Service or E-Statement

By Postal Service or E-Statement

Online Banking and Telephone Banking

Available

Available

Available

Available

Available

Terms and Conditions:

APY = Annual Percentage Yield
(*A) A Minimum Balance Fee will be imposed every statement period if the daily balance in the account falls below the minimum daily balance any day of the statement period. Fees may reduce earnings.
(*B) You may not make more than six (6) transfers and withdrawals from your account per statement period by means of a preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order payable to third parties.
Excess Transaction Fee (over six items per statement period): $15 per item after six
(*C) The earnings credit is calculated on your average collected balance, less 10% reserve requirement. The credit is based on a leading market index. You will not be paid for any excess earnings credit, but any excess will be carried forward. If the average collected balance is negative, no earnings credit is applied.

Sample Analysis for Commercial Checking

Monthly Maintenance Fee

$5.00

65 Checks/Debits

$13.00

8 Deposits/Credits

$2.00

40 Transit Items

$3.20

15 Pioneer Bank Deposited Items

$0.90

 

$24.10

Earnings Credit at 0.18% on collected balance of $3,500.(Example rate only. Rate may change each statement period.)

$0.53

 Service Charge for Statement Period

$23.57

Fee Schedule

Account Balancing Assistance - per hour

$25.00

Account Closing Within 180 days

$25.00

Account Research - per hour

$25.00

Continuous Overdraft Fee After 5 Business Days *

$3.00

Debit Card PIN Replacement - Each

$10.00

Debit Card Replacement - Each

$10.00

Debit Card Rush Order - Each

$15.00

Deposited Items Returned Unpaid - Each

$10.00

Excess Transactions Fee - Money Market & Savings **

$15.00

Levy / Garnishment - Each

$40.00

Money Order - Each

$5.00

Overdraft Fees - Each

$35.00

Returned Items Fees - Each

$35.00

Special Statement - Each

$25.00

Statement Copy - Each

$5.00

Stop Payments - Each

$31.00

Sweep Fee - Each

$5.00

Wire Transfers - Domestic Outgoing - Each

$25.00

Wire Transfers - Foreign Outgoing - Each

$55.00

Wire Transfers - Incoming - Each

$18.00

Additional Fees and Terms:

An Overdraft Fee applies to overdrafts created by check, in-person withdrawal or other electronic means.
* A Continuous Overdraft Fee of $3.00 will be applied each business day after 5 consecutive business days in which the account is overdrawn.
** You may not make more than six (6) transfers and withdrawals from your account per statement period by means of a preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order payable to third parties. Excess Transactions Fee (over six items per statement period): $15 per item after six

HSA and Your Employees

Health Savings Accounts provide a tax deduction for employers who contribute to their employees' accounts. Known to attract or retain employees by expanding employee benefits, an HSA can lower overall health insurance costs by switching to the less costly high deductible health plans.

* Consult a tax advisor for a list of qualified medical expenses. For qualifying customers only.