We know that you have to make challenging business
decisions every day. Deciding which business checking account is right for you
shouldn’t be one of them. That’s why we offer a wide variety of business
checking accounts that can meet the needs of businesses of all sizes. The
best
part is, we don’t nickel and dime our business customers with excessive account
maintenance
fees.Use the quick reference chart below to determine which account is perfect
for you. Download our Business
Checking Options Brochure.
| Basic
Business Checking | This
account is best suited for start-up businesses with low
checking account activity.
There’s no charge for electronic transactions† and up to 10 checks per
statement cycle will be processed at no charge. | $0 | $1.00
per check in excess of ten (10) checks | | Advantage
Business Checking | Up
to 500 paper items†† per month will be processed at no charge. Take
advantage of unlimited teller transactions with free cash and loose coin processing. | $2,500 | $15.00
per month (This fee is waived if you maintain the required minimum balance.) |
| Community Checking | Community
Checking is designed to meet the needs of local schools, municipalities,
clubs
and non-profit organizations with limited or seasonal checking account activity. | $0 | $0 |
| Business Interest Checking | This
account is available to any sole proprietorship, non-profit
organization or
public entity with low transaction volume and the desire to earn interest on checking
funds. | $2,500 | $15.00
per month (This fee is waived if you maintain the required minimum balance.) |
| Business Money
Market | This account is a great
option for those who wish to earn interest on liquid funds without having to tie
up money in longer-term investments. Our Money Market account pays tiered interest
rates
based on the daily collected balance in the account. | $2,500 | $15.00
per month (This fee is waived if you maintain the required minimum balance.) |
| Commercial Management
Checking | This non-interest bearing
account is designed for businesses with higher activity levels who wish to reduce
or even eliminate monthly service charges. Take advantage of Account Activity
Analysis and Cash Management services. | Compensating
balance determined by the bank | $150.00
(With this account, monthly maintenance fees and activity costs are offset
by an earnings allowance.) | † Electronic
items include: The transfer or withdrawal of funds completed using the 24-hour
telephone banking service; Transactions completed using the Bank of Botetourt
VISA Check Card (i.e. POS (Point Of Sale) debit/credit transactions or ATM (Automated
Teller Machine) transactions); Transactions completed using online banking and
online bill payment service (i.e. web transfers, direct deposits, automatic drafts/debits,
payments made through the online bill payment serviceand processed through the
ACH (Automated Clearing House.) †† Paper
items include: Deposits, transfers, checks made payable to third parties or checks
made payable to cash. (Transactions you complete in person, over the counter,
through the night depository, through the drive-up teller window or by live telephone
request are considered paper items.)
| 
