Commercial Money Market
The Commercial Money Market Account pays higher rates for higher balances. This account has unlimited withdrawals in person or at ATMs per statement cycles, but normal transaction fees apply. When you open your Commercial Money Market Account, you will receive your first 20 items deposited at no charge per statement cycle!
Money Market Accounts are subject to Money Market Accounts are subject to federally regulated transaction limitations which dictate how many transactions by type can be completed within a monthly service charge period.
Unlimited withdrawals permitted if:
— Done in person, by messenger, by mail, or at an ATM.
— Made by telephone when a check is mailed to the depositor.
Unlimited transfers are permitted:
— Between accounts of the same depositor at the same bank, provided transfer is done in person, by messenger, by mail, or at an ATM.
— To pay loans at the same bank.
Up to six (6) transfers a month permitted to another account of the depositor at the same bank or to third party.
If you exceed the transaction limitations more than twice within a twelve (12) month period, your Money Market Account will be converted to a non-interest bearing checking account and will be subject to the terms and conditions of that account