Commercial Small Business 50/50

MARINETTE, WISCONSIN

COMMERCIAL SMALL BUSINESS 50/50

Small Business 50/50

A business checking account structured for a small business or organization that typically writes a limited number of checks against their account and/or deposits a small number of transit items (checks not drawn on our bank) into their account each month.

Small Business 50/50 requires you to maintain a minimum balance of $250.00 in your account in order to avoid paying a monthly maintenance fee.

Small Business 50/50 allows you to write up to 50 checks per statement cycle and/or deposit up to 50 transit items per statement cycle free of charge. Fees for excess activity will be assessed if you exceed 50 checks and/or 50 transit items in any statement cycle.

Small Business 50/50 monthly statements are generated as of the last business day of the month and checks posted against your account are returned with your monthly statement.

Small Business 50/50 requires an opening deposit of $100.00.

Features

• A minimum balance of $250.00
• No charge for deposit credits
• No charge for electronic debits or credits
• No charge for checks deposited that are drawn on our bank
• Free access to F&M Bank’s Internet Banking System
• ATM or debit cards access (sole proprietorships only)
• Checks returned with statement

Monthly Maintenance

There is a low monthly maintenance fee of $2.50 if the minimum balance is not maintained during the statement cycle.

Monthly Activity

The following account activity is included free of charge regardless of the minimum balance requirement.

• Up to 50 checks per statement cycle
• Up to 50 transit items deposited per statement cycle

Excessive account activity in any statement cycle, i.e. too many checks and/or transit items account will be charged regardless of whether the minimum balance requirement is met. Excessive activity charges are as follows:

• $0.25 for each check over the 50 check limit
• $0.10 for each transit item deposited over the 50 transit item limit

Miscellaneous Fees

Fees for additional bank services as outlined on our “Miscellaneous Fee Schedule” will be applicable to Small Business 50/50 customers. This includes our fee of $5.00 per advice of charge for deposited check(s) returned unpaid. A copy of our “Miscellaneous Fee Schedule” will be provided to you.

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