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Sample Service Charge Calculation for Business Checking

Business checking accounts are assessed a service charge based on the types of activity during the month. The earnings credit* offsets that month's service fees.

Calculation
Account maintenance fee     $ 20.00
Checks written (25 @$.25) 6.25    
       
Electronic credits (40@$.15) 6.00   12.25
       
Items deposited:  
 
On us items (20@$.08)   1.60  
Transit (20@$.12)   2.40  
       
Electronic credits (25@$.15)   3.75 7.75
       
TOTAL Service Charges     $ 40.00
       
Earnings Credit:
Available balance $25,000    
Less: 12% reserve 3,000    
Investable balance $22,000    
       
(Investable balance x rate)÷12      
($22,000 x 1.00%)÷12     $ 18.33
       
Your current month's service fee     $ 21.67
       
   
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