Frandsen Bank & Trust




AccountHighlightsInterestService Charge
Small Business Checking
  • Ideal for businesses with limited check-writing needs
  • Items deposited are limited to 100 during the calendar month
  • Checks are limited to 30 during the calendar month
  • No minimum balance required
  • Analysis statement available
  • eStatement available
None
  • Charge for check activity - $0.50 per check paid in excess of 30 during the calendar month.
  • If more than 100 items are deposited during the calendar month, a $15 maintenance fee will be charged plus $.20 per item deposited in excess of 100 items.
  • Earnings credit given to offset service charges:
    • Calculated on average positive available balance less a 5% reserve requirement
    • Variable rate based on current market conditions
  • Charges incurred for negative available balances:
    • Calculated on average negative available balance
    • Based on Prime as posted in the Wall Street Journal on the last business day of the month, plus 4.75%




AccountHighlightsInterestService Charge
Business Checking
  • Available to all types of businesses
  • No minimum balance required
  • Analysis statement available
  • eStatement available
None
  • Monthly Maintenance fee: $8
  • Checks paid:
    • Paper statement:  $0.15
    • eStatement:  $0.07
  • Electronic Debits/Credits:  $0.05
  • Checks deposited:
    • On us: $0.05
    • All others: $0.08
  • Earnings credit given to offset service charges:
    • Calculated on average positive available balance less a 5% reserve requirement
    • Variable rate based on current market conditions
  • Charges incurred for negative available balances:
    • Calculated on average negative available balance
    • Based on Prime as posted in the Wall Street Journal on the last business day of the month, plus 4.75%




AccountHighlightsInterestService Charge
Business Interest Checking
  • Available to all types of businesses
  • eStatement available
  • Analysis statement available
  • No minimum balance required
  • Accrues daily; credited and compounded monthly
  • Monthly Maintenance fee: $8
  • Checks paid:
    • Paper Statement:  $0.15
    • eStatement:  $0.07
  • Electronic Debits/Credits:  $0.05 
  • Checks deposited:
    • On us: $0.05
    • All others: $0.08
  • Charges incurred for negative available balances:
    • Calculated on average negative available balance
    • Based on Prime as posted in the Wall Street Journalon the last business day of the month, plus 4.75%




AccountHighlightsInterestService Charge
Community Groups Checking
  • Designed for non-profit and community organizations such as sports teams, reunions, committees and others
  • Make unlimited deposits
  • Limited check writing
  • No minimum balance required
  • eStatement available
None
  • No monthly maintenance fee
  • Charge for check activity - $0.15 per check paid in excess of 30 during the statement cycle.




AccountHighlightsInterestService Charge
Money Market
  • $2,500 minimum balance required
  • Unlimited in-person transactions
  • Withdrawal limitations apply per federal regulation*
  • Accrues daily; credited and compounded monthly
  • Pays interest on a tiered basis
  • $10 monthly maintenance fee if account falls below $2,500 on any day during the statement cycle




* During any calendar month, you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order.


Member FDIC