Commercial Checking

Opening Deposit

$100 minimum

Eligibility

All businesses

Transaction limitations

Unlimited

Interest

None

Service Charges

Monthly Service Charge

$18.00 per month

Checks Paid/Debit

$0.15/item

Deposit Credit

$0.60/item

Deposited Items

Drawn on Compass: $0.10/item, Local and Clearinghouse: $0.10/item, Non-Local and Other Federal: $0.10/item

FDIC Charge

The assessment rate paid by Compass Bank is applied to the average ledger balance. Additional fees may apply.

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 Index 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 Index Rate.

Returned Cancelled Checks

$5.00