Business Deposits

Business Gold Checking Account

This account is designed for the larger business. This account does not earn interest.

Features

  • First 400 items processed at no charge; above 400, a transaction fee applies per item written and item deposited. No electronic transactions are counted toward fees.
  • No monthly service charge if average balance of $25,000 is maintained and transaction limit is not exceeded; if balance is not maintained a monthly service charge is imposed.
  • Free Business Debit Cards make purchases easy.
  • Internet Corporate Cash Management – free inquiry, in-house transfers and online bill payment.
  • E-statements or paper statements are available for your convenience.
  • Business Money Market Index, free with minimum balance of $7,500 and can be attached to your account as overdraft protection. Limited to six (6) potential overdrafts per month.
  • Refer to account disclosures for full details.

Go To Top

Business Green Checking

Features

  • No minimum balance required.
  • First 200 items processed at no charge; above 200, a transaction fee applies per item written and item deposited. No electronic transactions are counted toward fees.
  • Free Business Debit Cards make purchases easy.
  • Internet Corporate Cash Management – free inquiry, in-house transfers and online bill payment.
  • E-statement or paper statements are available for your convenience.  There is a monthly charge for paper statements.

Go To Top

Business Interest Checking

Features

  • Interest bearing account available to sole proprietors, not for profit organizations and public agencies with limited activity.
  • Interest paid monthly.
  • First 150 items processed at no charge; above 150, a transaction fee applies per item written and deposited.  No electronic transactions are counted towards fees.
  • Monthly minimum balance must be maintained to avoid a monthly service charge.
  • Per item charges may apply.

Go To Top

Commercial Analysis Accounts

Features

  • Unlimited transactions per month.
  • Service charges are based on monthly service charge in addition to account activity and may be offset by an earnings credit calculated on the average collected monthly balance. This allows for fees to be reduced or eliminated.
  • Additional fees may apply with Treasury Management services.
  • Detailed analysis statement available in addition to traditional monthly statement.
  • Traditional monthly statement available by e-statement or paper statements.
  • Free business debit cards make purchases easy.
  • Internet Corporate Cash Management – free inquiry, in-house transfers and online bill payment
  • Business Money Market Index account – free with a minimum balance of $7,500, can be attached to your account for overdraft protection. Limited to six (6) overdrafts per month.
  • Contact a Treasury Management Officer for further information.

Go To Top

Zero Balance Accounts

Features

  • Companion account to the Commercial Analysis account.
  • Allows for a separate account for payroll or special expense tracking while maximizing the earnings credit potential on the Commercial Analysis account.
  • Monies move daily from the Commercial Analysis account to the Zero Balance account to cover items as they are presented. Transfers are done automatically.
  • Monthly service charge in addition to per item charges. Service charges based on account may be offset by the combined earnings credit. This allows for fees to be reduced or eliminated.
  • Contact a Treasury Management Officer for further information.

Go To Top

Business Daily Repurchase Fund

Account Type: Sweep Account

Available to any company with excess monies to invest. Excess monies are moved on a daily basis to or from this account which is attached to a main business checking account in order to efficiently manage cash flow in an automated process.  Interest is calculated daily and credited monthly.

Features

  • Minimum Balance to open – $25,500.
  • Variable interest rate subject to change monthly based on market conditions.
  • Available to corporations, partnerships and other for profit organizations as a way to earn interest on operating funds.
  • Different fund rates available. A Treasury Management Officer will review the account history and work with the client to set target balances.
  • There is a monthly fee for this account.
  • This account is not FDIC insured. This account is backed by securities pledged at Federal Reserve for repurchase agreements.

Go To Top

Treasury Management Team

Roberta Harding
Vice President, Treasury Management
RHarding@farmersbankgroup.com
Racheal Solida
Assistant Vice President, Treasury Management
RSolida@farmersbankgroup.com