For active businesses with the need to process a significant volume of transactions, we offer Commercial Analysis Checking. You pay only for the services you use, and unlike many banks, you are not charged for making a deposit or when you deposit checks drawn on Peoples State Bank.
An opening deposit of $250.00 is required to establish your account. The following fees apply to the account:
|Monthly analysis fee||$12.00|
|Per check paid or electronic debit||$0.15|
|Per check deposited not drawn on our bank||$0.12|
|Rolled coin (each roll)||$0.05|
|Currency (per 100 notes)||$0.60|
Balances in your account generate an earnings credit that can be used to offset your monthly analysis service charge. We apply the 13-week Treasury Bill rate to the average collected balance of your account, less the required reserves of 10% of your balance.
Please refer to the Other Services page for additional Business Banking services and features available.