Prosperous businesses create prosperous communities. Solera Bank offers a variety of commercial checking accounts to help businesses thrive. One of them is sure to be right for your business, and all come with free online banking, free paper or electronic statements with images, and free telephone banking.
| Description |
Ideal for businesses with moderate activity. |
| Minimum Deposit to Open Account |
$100.00 |
| Minimum Balance to Avoid Basic Fee |
$1,500 minimum daily balance
--or-- a $3,000.00 average collected balance |
| Basic Monthly Fee |
$8.00 |
| Other Account Provisions |
- Unlimited check writing.
- No charge for up to 150 transactions per monthly statement cycle (ledger debit, credit and deposited items). A fee of $0.25 is charged for each item in excess of 150.
|
| How Interest is Paid |
Not Applicable |
| Debit Card |
Yes |
| Overdraft Protection Line of Credit |
Yes, with approved credit. |
| Additional Features |
- Merchant Services: VisaTM, MasterCardTM, American ExpressTM, and DiscoverTM available (with approved credit).
- After Hours Depository.
- Free online banking.
- Optional online Bill Pay service for a $5.00 monthly fee allows you to make up to 10 payments per month; make additional payments for $0.55 each.
- Free telephone banking.
- Federal tax deposits accepted.
- Free electronic or paper statements with images.
- $1.00 per $1,000 currency/coin deposited over $5,000.00.
- Bounce Protection privilege - which allows customer to enter into an overdraft position - granted to customers by Solera Bank.
- Dormant/inactive service charge fee of $15.00 per month is applied to accounts with a balance of $100.00 or less and no activity for 6 consecutive months.
|
| Description |
Designed for businesses with a moderate to high volume of transactions. |
| Minimum Deposit to Open Account |
$100.00 |
| Minimum Balance to Avoid Basic Fee |
Not Applicable |
| Basic Monthly Fee |
$10.00 |
| Other Account Provisions |
- Unlimited check writing.
- Fee of $0.12 per ledger debit, credit and deposited item.
- Fee of $0.10 per electronic debit or credit posted.
- A variable earnings credit is applied to offset the basic monthly fee and debit, credit and deposited item fees. Earnings credit rate will adjust monthly based upon current money market trends and conditions.
|
| How Interest is Paid |
Not Applicable |
| Check Card |
Yes |
| Overdraft Protection Line of Credit |
Yes, with approved credit. |
| Additional Features |
- No minimum balance required.
- Merchant Services: VisaTM, MasterCardTM, American ExpressTM, and DiscoverTM available (with approved credit).
- After Hours Depository.
- Free online banking.
- Optional online Bill Pay service for a $5.00 monthly fee allows you to make up to 10 payments per month; make additional payments for $0.55 each.
- Free telephone banking.
- Federal tax deposits accepted.
- Free electronic or paper statements with images.
- $1.00 per $1,000 currency/coin deposited over $5,000.00.
- Dormant/inactive service charge fee of $15.00 per month is applied to accounts with a balance of $100.00 or less and no activity for 6 consecutive months.
|
| Description |
Designed to aggregate service charges and earnings credit from multiple checking accounts against a designated primary checking account. Monthly statement includes detailed account information and a summary of maintenance fees and service charges. Unused earnings credits in excess of service charges can be carried forward to subsequent statement periods. |
| Minimum Deposit to Open Account |
$100.00 |
| Minimum Balance to Avoid Basic Fee |
Not Applicable |
| Basic Monthly Fee |
$15.00 |
| Other Account Provisions |
- Unlimited check writing.
- Fee of $0.12 per ledger debit, credit and deposited item.
- Fee of $0.10 per electronic debit or credit posted.
- Earnings credit calculation based on the average monthly collected account balance, less reserve requirement. Variable rate earnings credit will be applied to offset the basic monthly fee and debit, credit and deposited item fees. The earnings credit rate will adjust monthly based upon current money market trends and conditions.
- If the average collected balance during your statement cycle is negative, your account will be assessed a fee calculated at 2% above the published Wall Street Journal printed rate in effect at the time your statement is cycled.
|
| How Interest is Paid |
Not Applicable |
| Check Card |
Yes |
| Overdraft Protection Line of Credit |
Yes, with approved credit. |
| Additional Features |
- No minimum balance required.
- Merchant Services: VisaTM, MasterCardTM, American ExpressTM, and DiscoverTM available (with approved credit).
- After Hours Depository.
- Free online banking.
- Optional online Bill Pay service for a $5.00 monthly fee allows you to make up to 10 payments per month; make additional payments for $0.55 each.
- Free telephone banking.
- Federal tax deposits accepted.
- Free electronic or paper statements with images.
- $1.00 per $1,000 currency/coin deposited over $5,000.00.
- Dormant/inactive service charge fee of $15.00 per month is applied to accounts with a balance of $100.00 or less and no activity for 6 consecutive months.
- Free Sweep Transfer Account. Allows for a zero-balance account to use for payroll and other needs. Funds are swept from a primary operating account to the zero balance account to pay for debits as they are presented for payment.
- Free Commercial Revolving Line of Credit Sweep Account. Allows customers to arrange an automated sweep to and from their checking account in order to advance or pay down their commercial revolving line of credit.
- International Services. Wire transfers (U. S. or foreign currency); foreign drafts (U.S. or foreign dollars). You may present foreign drafts or checks for deposit to your Solera National Bank account on a collection basis. Fees calculated in account analysis. Refer to Fee Schedule.
- Wire Transfers - wire funds from your Solera National account to another account domestically and internationally. Fees calculated in account analysis. Refer to Fee Schedule.
- Dormant/inactive service charge fee of $15.00 per month is applied to accounts with a balance of $100.00 or less and no activity for 6 consecutive months.
- ACH. Provides customer with electronic transfer capabilities for direct deposit/payroll, bill payment, customer-initiated electronic payments/receivables (e.g. health club membership dues, homeowner association fees), etc.
|
| Description |
A good choice for nonprofit corporations and sole proprietors seeking unlimited check writing and market interest rate earnings on funds. |
| Minimum Deposit to Open Account |
$100.00 |
| Minimum Balance to Avoid Basic Fee |
$1,500.00 |
| Basic Monthly Fee |
$10.00
if minimum daily balance falls below $1,500.00 at any time during the statement cycle. |
| Other Account Provisions |
- Unlimited check writing.
- Fee of $0.12 per ledger debit, credit and deposited item. Fee of $0.10 per electronic debit and credit posted. These fees are applied regardless of minimum balance maintained.
|
| How Interest is Paid |
The daily balance method is used to calculate the interest on your account: Interest begins to accrue on the business day you deposit non-cash items (for example, checks). If you close your account before interest is credited, you will not receive the accrued interest. |
| Check Card |
Yes |
| Overdraft Protection Line of Credit |
Yes, with approved credit. |
| Additional Features |
- Merchant Services: VisaTM, MasterCardTM, American ExpressTM, and DiscoverTM available (with approved credit).
- After Hours Depository.
- Free online banking.
- Optional online Bill Pay service for a $5.00 monthly fee allows you to make up to 10 payments per month; make additional payments for $0.55 each.
- Free telephone banking.
- Federal tax deposits accepted.
- Free electronic or paper statements with images.
- $1.00 per $1,000 currency/coin deposited over $5,000.00.
- Dormant/inactive service charge fee of $15.00 per month is applied to accounts with a balance of $100.00 or less and no activity for 6 consecutive months.
|
| Description |
For charitable nonprofit exempt under Section 501c(3) or (10) of the Internal Revenue Service code. |
| Minimum Deposit to Open Account |
$100.00 |
| Minimum Balance to Avoid Basic Fee |
None |
| Basic Monthly Fee |
None |
| Other Account Provisions |
- Unlimited check writing.
- No charge for up to 150 transactions per monthly statement cycle (ledger debit, credit and deposited items). A fee of $0.25 is charged for each item in excess of 150.
|
| How Interest is Paid |
Not Applicable |
| Check Card |
No |
| Overdraft Protection Line of Credit |
No |
| Additional Features |
- After Hours Depository.
- Free online banking.
- Optional online Bill Pay service for a $5.00 monthly fee allows you to make up to 10 payments per month; make additional payments for $0.55 each.
- Free telephone banking.
- Free electronic or paper statements with images.
- $1.00 per $1,000 currency/coin deposited over $5,000.00.
- Dormant/inactive service charge fee of $15.00 per month is applied to accounts with a balance of $100.00 or less and no activity for 6 consecutive months.
|
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