Commercial Checking
The Business Checking Account is designed for small- to medium-sized businesses with low transaction volume.
- Minimum to open $100.00
- To avoid a service charge you must maintain a minimum daily balance of $1,000 or an average daily balance of $2,500
- A $10.00 monthly service charge will apply if one of the above balances are not maintained
- A $0.25 per item fee will be charged for items in excess of 150 items per statement cycle
- This account will be offered to non-profit organizations free of service charge
Commercial Interest Checking
This account is available to sole proprietors, non-profit organizations, governmental units and those acting in a fiduciary capacity.
- Minimum to open $100.00
- No service charge with $2,500 minimum daily balance or $3,000 average daily balance. A service charge of $15.00 will apply if conditions are not met.
- A $0.25 per item fee will be charged for items in excess of 150 items per statement cycle
- Interest will be compounded daily credited to your account monthly
Commercial Analysis Checking
The Commercial Analysis Checking account allows businesses the opportunity to reduce or eliminate bank service charges with an earnings credit on deposited funds. The earnings credit is applied to charges and can reduce or even eliminate the service fees incurred. If the earnings credit exceeds the monthly service activity, the customer will not be charged. Earnings credit, which may reduce service fees incurred, are calculated based on the investable balance.
The following charges are considered in the analysis calculations:
- Service charge $15.00
- Each deposit $0.75
- Each item deposited $0.10
- Per item paid $0.15
- Other miscellaneous fees may apply
IOLTA
Georgia Commerce Bank offers an account for attorneys complete with all the expected banking services.