ONLINE BANKING ALERT:Retail Online Banking has a fresh, new look beginning August 9th. Business Online Banking to be updated at a later date.

BUSINESS BANKING

Business Checking Accounts

 

First Landmark Bank offers a wide variety of products and services to fit the needs of business from small to large. Our accounts and services can help make banking convenient and efficient. Many features utilize new technologies that help you save time and money.

BUSINESS CHECKING

 

FEATURE

COMMERCIAL CHECKING

PREMIER COMMERCIAL CHECKING

COMMERCIAL INTEREST CHECKING

Only available to non-profit and sole proprietorship entities

Minimum opening deposit

$100 $100 $100

Maintenance fee

$101

Maintenance fee can be avoided by meeting the balance requirement

$252

Maintenance fee can be avoided by meeting the balance requirement

$153

Maintenance fee can be avoided by meeting the balance requirement

Transactions per Statement Cycle

200 Free4

Combined credits, debits and deposits

500 Free4

Combined credits, debits and deposits

200 Free4

Combined credits, debits and deposits

Cash Handling

Up to $10,000

at no charge**

Up to $1,000

at no charge; fee of $2.00 per $1,000 handled thereafter

Up to $10,000

at no charge**

Interest Bearing

   

Free online banking

For inquiries and transfers between internal accounts

Bill Pay††

eStatements

Printed statements provided monthly

Printed statements provided monthly

Printed statements provided monthly

 

1 A Maintenance Fee of $10 will be imposed every statement cycle if the average ledger balance* falls below $1,000.
2 A Maintenance Fee of $25 will be imposed every statement cycle if the average ledger balance* falls below $10,000 or if the average ledger balance* in combined checking accounts falls below $25,000.
3 A Maintenance Fee of $15 will be imposed every statement cycle if the average ledger balance* falls below $2,500.
4 A $0.35 charge per item over the stated number of free transactions regardless of account balance.
* The average ledger balance is calculated from an aggregate of the daily ledger balances divided by the number of days for the statement period.
** Bank reserves the right to convert account to appropriate account type if transactions per statement cycle and cash handling services exceed account parameters.
Interest is compounded daily, credited monthly and paid on collected balances.
†† If Bill Pay is inactive for more than 90 days, a $12 fee will be assessed for each month the service remains inactive.

 

SPECIALIZED BUSINESS CHECKING PRODUCTS

 

Interest on Lawyer’s Trust Account – IOLTA Account

 

  • Minimum Deposit to Open - $100
  • Account activity charges based on analysis of per item fees as follows:
    • $17 Monthly maintenance fee
    • $.17 Per debit Item
    • $.10 Per on-us deposited item
    • $.11 Per foreign deposited item
    • $.80 Per deposit

 

Compensating balances may offset all or portions of the maintenance fee and activity charges. The earnings credit less total account activity is remitted to State Bar Association.

Commercial Analysis Account


This account is best suited for accounts with a large number of monthly transactions. Use your monthly account balance to help offset activity charges.

 

  • Minimum Deposit to Open - $100
  • A Maintenance Fee of $17 will be imposed every statement cycle
  • 10% reserve requirement
  • Earnings credit calculation: Collected balance minus 10% reserve requirement
  • Negative collected balance charged at a rate of bank stated rate of Prime + 3%, calculated daily
  • Compensating balances may offset all or portions of the maintenance fee and account activity charges, which are based on analysis of per item fees as follows:
    • $.17 Per debit Item
    • $.10 Per on-us deposited item
    • $.11 Per foreign deposited item
    • $.80 Per deposit
    • $.15 per electronic deposit
    • $2.00 per $1,000 cash handled
    • $.10 per roll coin or strap purchased

 

All Business Checking Accounts include Online Banking for account inquiries and transfers between internal accounts. Online Bill Pay is also available; if Bill Pay is inactive for more the 90 days, a $12 fee will be assessed for each month the Bill Pay service remains inactive. Electronic Statements available for all accounts. Printed statements provided monthly.