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