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  • Bank Independent is pleased to introduce interest checking for all businesses (profit and non-profit), debit card rewards and an FDIC-insured overnight sweep option+ paying rates normally reserved for corporations with a professional money desk. 

    Need to reorder checks? Click here to learn more or place an order.

      Complimentary  Relationship Rewards Checking Premier Analysis Checking
       Small Business Icon  Medium Business Icon  Large Business Icon
    Best for:  Small to mid-sized businesses not processing significant amounts of cash and checks Small to medium-sized businesses with moderate transaction volumes wanting to earn interest (profit and non-profit) Middle market and larger companies with significant transaction volume
    Free Debit Card:  Yes Yes Yes
    Opening Minimum:  $100 $100 $100
    Monthly Service Fee:  None $7.95 $11.95
    Monthly Balance Requirement to avoid a service fee:  None You choose; Monthly direct deposit, OR monthly $50 auto transfer to a Smart Growth savings program, OR $2,500 in combined deposits.*** or loans.**** None
    Per Check Charges  $.45 after 300 per month $.55 after 400 per month See Analysis Charges*
    (see below)
    Interest Earning:  None Yes Earnings credit applied against service charges
    Free Check Images:  Yes Yes Yes
    Discounted Safe Deposit Box:  10%** 20%** 20%**

    * Analysis Charges - $.35 per credit, $.15 per debit, and $.095 per item deposited – and an additional 18% for any average collected overdraft balance; an earnings credit on the daily collected balance based on the previous month's 13-week U.S. Treasury Bill interest rate (less reserves and costs) is applied to offset or reduce some of the charges.

    Cash Concentration Zero Balance Accounts – Manage separate bank accounts for each company location or for accounting purposes through one Master account.

    Investment Sweeps – Link your Business Checking account to one of our automated sweep options that offers an opportunity to earn interest income. 

    *Raddon Financial Group, Chicago, IL 2011

    ** Safe deposit discount requires automatic payment from one of these Bank Independent checking accounts.

    *** Combined balances are determined by adding the minimum balance in your checking account during your statement cycle with all your other deposits and loan balances as of your checking account statement date.

    **** Mortgages closed with Bank Independent’s Mortgage Department and sold on the secondary market qualify for the Relationship Rewards Checking without a monthly service charge for seven years.

    + All ledger balances in the Premier Analysis Checking greater than $100,000 will be swept daily into the Business Premier Money Market Account (MMA) daily. Any day the ledger balance in the Premier Analysis Checking is less than or equal to zero ($0), funds will be swept back into the Premier Analysis Checking account in $10,000 increments. On the 6th sweep in a calendar month, all funds in the MMA will be swept back into the Premier Analysis Checking until your next statement cycle begins.


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