BUSINESS CHECKING

FEE SCHEDULE

•  $10.00 monthly service fee.  

MINIMUM BALANCE REQUIREMENT 

• To open this account you must deposit $100.00

OVERDRAFT PROTECTION 

• If checking account becomes overdrawn, you may arrange for an automatic sweep of funds from your savings account, other checking, or NOW account.  Written customer authorization is required for this service.  The fee for this service will be charged to the recipient account. 

 Shelby County Bank ATM & Debit Cards  

• No charge for debit purchases. 
• ATM use at any Shelby County Bank Machine, no charge.  
• If you use an ATM that is not operated by Shelby County Bank, you may be charged a transaction fee of $2.00 by Shelby County Bank.  The first 5 transactions per month will be waived.  The operator of the machine and / or an automated transfer network may charge an additional fee.
• Fees may be charged on rejected transactions at a non-proprietary machine.
• ATM Card Users:  If funds are available, you may access $200.00 per card per day at an ATM.Visa
• Debit Card Users:  If funds are available, you may access $1,000.00 per card per day at an ATM.  You may also make purchases of up to $300.00 per card per day.

ONE OVERDRAFT IN THE FIRST 90 DAYS MAY RESULT IN CLOSURE OF THE ACCOUNT.

BUSINESS NOW   

• No interest can be earned by corporations, partnerships, or other entities organized or operated to make a profit. 
• The interest rate and annual percentage yield stated below are accurate as of the last business date.  If you would like more current rate and yield information please call us at (317)-398-9721. We reserve the right at any time to require not less than 7 days notice in writing before any withdrawal from an interest bearing account.

FEE SCHEDULE

• There is a $10.00 monthly service fee.
• No monthly service fee for Non-Profit Organizations.
• Fees could reduce earnings.

MINIMUM BALANCE REQUIREMENT

• To open this account you must deposit $100.00.
• To obtain the annual percentage yield disclosed you must maintain a minimum daily balance of $1,500.00.
• If on any day during the statement period the balance falls below $1,500.00, interest will be forfeited for that day.

VARIABLE RATE

• The interest rate and annual percentage yield for your account depend upon the applicable rate tier.  The interest rate and annual percentage yield for these tiers may change at our discretion.  We may change the interest rate on this account daily.
• The following tiered rates apply to this account:

COMPOUNDING AND CREDITING

• Interest will be compounded monthly and will be credited to this account monthly.
• If the account is closed before interest is credited, you will receive the accrued interest.

BALANCE COMPUTATION METHOD

• We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.

ACCRUAL OF INTEREST ON NONCASH DEPOSITS

• Interest begins to accrue on the business day you deposit non-cash items (for example, checks).

OVERDRAFT PROTECTION 

• If checking account becomes overdrawn, you may arrange for an automatic sweep of funds from your savings account, other checking, or NOW account.  Written customer authorization is required for this service.  The fee for this service will be charged to the recipient account.

 Shelby County Bank ATM & Debit Cards  

• No charge for debit purchases. 
• ATM use at any Shelby County Bank Machine, no charge.  
• If you use an ATM that is not operated by Shelby County Bank, you may be charged a transaction fee of $2.00 by Shelby County Bank.  The first 5 transactions per month will be waived.  The operator of the machine and / or an automated transfer network may charge an additional fee.
• Fees may be charged on rejected transactions at a non-proprietary machine.
• ATM Card Users:  If funds are available, you may access $200.00 per card per day at an ATM.Visa
• Debit Card Users:  If funds are available, you may access $1,000.00 per card per day at an ATM.  You may also make purchases of up to $300.00 per card per day.

 ONE OVERDRAFT IN THE FIRST 90 DAYS MAY RESULT IN CLOSURE OF THE ACCOUNT.

BUSINESS SAVINGS

• The interest rate and annual percentage yield stated below are accurate as of the last business date.  If you would like more current rate and yield information please call us at (317)-398-9721. We reserve the right at any time to require not less than 7 days notice in writing before any withdrawal from an interest bearing account.

FEE SCHEDULE

• There is a $3.00 monthly service fee when the balance falls below $200.00 any day of the month.
• There is an excess withdrawal fee of $1.00 for each withdrawal in excess of five during the month.
• Fees could reduce earnings.
• No monthly service fee or withdrawal fee, regardless of minimum balance during the statement period, for non-profit organizations.

MINIMUM BALANCE REQUIREMENT

• To open this account you must deposit $5.00.
• To obtain the annual percentage yield disclosed, you must maintain a minimum balance of $25.00.
• If on any day of the month the balance falls below $25.00, interest will be forfeited for that day.

VARIABLE RATE

• The interest rate for your account is .744% with an annual percentage yield of .75%.  The interest rate and annual percentage yield for this account may change at our discretion.  We may change the interest rate on this account daily.

COMPOUNDING AND CREDITING

• Interest will be compounded monthly and will be credited to this account monthly.
• If the account is closed before interest is credited, you will receive the accrued interest.

BALANCE COMPUTATION METHOD

• We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.

ACCRUAL OF INTEREST ON NONCASH DEPOSITS

• Interest begins to accrue on the business day you deposit non-cash items (for example, checks).

TRANSACTION LIMITATIONS

• During any statement period you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party.

 Shelby County Bank ATM & Debit Cards   

• No charge for debit purchases. 
• ATM use at any Shelby County Bank Machine, no charge.  
• If you use an ATM that is not operated by Shelby County Bank, you may be charged a transaction fee of $2.00 by Shelby County Bank.  The first 5 transactions per month will be waived.  The operator of the machine and / or an automated transfer network may charge an additional fee.
• Fees may be charged on rejected transactions at a non-proprietary machine.
• ATM Card Users:  If funds are available, you may access $200.00 per card per day at an ATM.Visa
• Debit Card Users:  If funds are available, you may access $1,000.00 per card per day at an ATM.  You may also make purchases of up to $300.00 per card per day.