Commercial Checking
Alabama
| Opening Deposit | $100 minimum | |
| Eligibility | All businesses | |
| Transaction limitations | Unlimited | |
| Interest | None | |
| Service Charges | Monthly Service Charge | $11.00 per month |
| Checks Paid/Debits | $0.16/item | |
| Deposit Credits | $0.35/item | |
| Deposited Items | Drawn on Compass: $0.07/item, Local and Clearinghouse: $0.08/item, Non-Local and Other Federal: $0.09/item | |
| Earnings Credit | Each month, Compass Bank gives you an earnings credit on your average positive usable balance (which is your monthly ledger balance minus uncollected funds and checking account reserves.) Any negative Collected Balance in the account shall bear interest at an annual rate equal to Compass Bank's Prime Lending Rate plus four percent (4.0%), not to exceed 18%, with each change in the rate charged to become effective without notice to depositor on the effective date of each change in the Prime Lending Rate. | |
| Returned Cancelled Checks | $5.00 | |
Effective 1/1/2006
