Banking Built For Your Business
Commercial Deposit Products
The right deposit solutions help your business manage cash with confidence. Ixonia Bank offers flexible commercial deposit products backed by responsive service and experienced bankers who understand your business.
Business Checking Accounts
| Product | Basic Business Checking Plus | Select Business Checking Plus | Elite Business Checking Plus |
|---|---|---|---|
| Account Overview | The ideal account for Sole Proprietors with low transaction volumes, & non-complex banking requirements. | A cost-effective solution for emerging businesses with moderate transaction processing or moderate treasury management needs. | An account designed for high transaction accounts or those with complex treasury management needs. Many account fees can be offset with a monthly earnings credit.1 |
| Maximum Number of Items Processed per Statement Cycle at No Charge2 | 50 items | 500 items | N/A |
| Per Item Charge over Maximum | $0.25/item over 50 | $0.25/item over 500 | N/A |
| Per Credit Charge | N/A | N/A | $0.20 per credit, plus $0.13 per item credited |
| Per Debit Charge | N/A | N/A | $0.15 |
| Rolled Coin Charge / Strapped Currency Charge (partial or full) | $0.15 / $0.30 | $0.15 / $0.30 | See Commercial Banker for details. |
| Business Paper Statement Charge | $4.00 | $4.00 | $4.00 |
| To Avoid Monthly Paper Statement Charge | $4.00 credit applied to Service Charge with eStatement enrollment. | $4.00 credit applied to Service Charge with eStatement enrollment. | $4.00 credit applied to Service Charge with eStatement enrollment. |
| Minimum Balance to Open | $100 | $100 | $100 |
| Minimum Account Balance to Avoid Monthly Maintenance Charge | None | $2,500 daily balance | N/A |
| Other Relationship Balances to Avoid Monthly Maintenance Charge | None | $100,000 in Savings or Loan Relationship(s) | N/A |
| Monthly Maintenance Charge | None | $15.00 | $20.00 |
| Earnings Credit | N/A | N/A | Yes3 |
| Business Online Banking Available4 | Yes | Yes, with Treasury Management solutions available. See Commercial Banker for details. | Yes, with Treasury Management solutions available. See Commercial Banker for details. |
| Business Online Bill Pay Available4 | Yes | Yes | Yes |
| Other Benefits | No Annual Fee Debit Card. FREE ATM Transactions5. FREE 24-Hour Telephone Banking. | No Annual Fee Debit Card. FREE ATM Transactions5. FREE 24-Hour Telephone Banking. | No Annual Fee Debit Card. FREE ATM Transactions5. FREE 24-Hour Telephone Banking. |
(1) Ixonia Bank limits preauthorized and/or automatic transfers (including telephone and Internet Banking transfers) and withdrawals (check, draft, debit card or similar order) to six per month. Each debit in excess of regulatory limitations may result in a charge of $7.50/item. You may make unlimited “in person” or ATM withdrawals.
(2) Withdrawals, also known as Debits include: checks, withdrawals, electronic and ACH transfers, and Debit Card transactions.
(3) See a Universal Banker for more details.
(4) Additional charges apply.
Rates may change after the account is opened for variable rate accounts. Fees imposed could reduce the earnings on accounts. Ask us for other applicable fees, terms and additional details.
Business Savings & Money Market Accounts
| Products | Statement Savings1 | Money Market1 |
|---|---|---|
| Account Overview | A simple savings account great for those just starting to save, or set aside funds for unexpected purchases. | Keep the flexibility of checkbook access while earning a variable interest rate based on balance. |
| Minimum Opening Balance | $50 | $1,000 |
| Minimum Balance Required to Avoid Service Charge | $100 | $1,000 |
| Interest Paid | Current rates Interest compounds daily and is credited monthly. | Current rates Interest compounds daily and is credited monthly. |
| Maximum Monthly Withdrawals to avoid fee2 | N/A | 6 |
| Excess Withdrawal Fees | None | $7.50 per item |
| Monthly Fee | $3.00 if balance falls below $100 minimum | $5.00, plus $0.25 per check and withdrawal fee if balance falls below $1,000 minimum |
| Business Online Banking Available3 | Yes | Yes |
| Online Bill Pay Available3 | Yes | Yes |
| Remote Deposit Capture Available3,4 | Yes | Yes |
| Advantages | Account can be attached to checking for overdraft protection. | Account can be attached to checking for overdraft protection. |
(1) Ixonia Bank limits preauthorized and/or automatic transfers (including telephone and Internet Banking transfers) and withdrawals (check, draft, debit card or similar order) to six per month. Each debit in excess of regulatory limitations may result in a charge of $7.50/item. You may make unlimited “in person” or ATM withdrawals.
(2) Withdrawals, also known as Debits include: checks, withdrawals, electronic and ACH transfers, and Debit Card transactions.
(3) See a Universal Banker for more details.
(4) Additional charges apply.
Rates may change after the account is opened for variable rate accounts. Fees imposed could reduce the earnings on accounts. Ask us for other applicable fees, terms and additional details.
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