Simply Free Business Checking
Provident's new (free business checking) account is perfect for small businesses and organizations with a low volume of deposits and checks paid. It doesn't require a large opening balance and there are no minimum balance requirements or fees.
$100 minimum required to open account.
Business Interest Checking
Business Interest Checking is available only to non-profit organizations and sole proprietorships.
- Minimum to open this account is $100
- Interest is paid on collected balances.
- No monthly fee if a $2,000 average collected balance is maintained.
- Interest is paid on collected balances of $600 or more.
- If average collected balance falls below minimum, monthly service fees are paid by the client on a direct-charge basis.
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| Standard fees are as follows: |
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Monthly Maintenance Fee: |
$10.00 |
| Per Deposit (paper): |
.40 |
| Per Deposit (paperless): |
.15 |
| Deposited Items: |
.08 |
| Checks and other debits: |
.18 |
|
Interest on Lawyers Trust (IOLTA)
The IOLTA account earns interest on trust funds deposited by attorneys into a consolidated trust account. Provident debits the interest from the account and remits it to the state IOLTA Board.
- Minimum to open this account is $100
- Interest is paid on collected balances.
- No monthly fee if a $2,000 average collected balance is maintained.
- Monthly service fees are paid by the client on a direct-charge basis.
- Interest is paid on collected balances of $600 or more.
|
|
| Standard fees are as follows: |
|
Monthly Maintenance Fee: |
$10.00 |
| Per Deposit (paper): |
.40 |
| Per Deposit (paperless): |
.15 |
| Deposited Items: |
.08 |
| Checks and other debits: |
.18 |
|
Business Money Market Account
Businesses with available cash to invest on a short-term basis will enjoy the interest-earning potential of Provident’s Business Money Market Account.
- Minimum to open this account is $1000
- No monthly fee if a $1,000 average collected balance is maintained
- $6.00 monthly service fee if balance falls below $1,000
- Federal regulations limit third-party transactions or pre-authorized transfers to six per statement; no more than three of which may be checks. Over this limit, each item is $10.00.
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