Legends Bank: Your town. Your bank.
Online banking log in
border
Printable Forms

Kid's Bank

Reorder Checks

Helpful Links


nav bar Return Home Newsletters Locations Business Banking

October 22, 2014

Preferred Business Checking

At a glance

 A full featured account with unlimited check writing.

Best For
Small Business that need a general purpose account.

Features

  1. Monthly statement with paid check images.
  2. No monthly maintenance fee if average balance is $400 or more.
  3. Free account access via Telebank and Internet Banking.

Minimun Balance to earn interest
N/A

Fees

  1. No montly maintenace fee if average balance is $400 or more; otherwise a fee of $5 per statement cycle.
  2. $0.25 per item over 200 total debits, credits and deposited items per month.

Commercial Analysis Checking

At a glance

A full featured account with a monthly earnings credit to be applied against other charges.

Best for
Businesses that need a general purpose account for higher volume transactions.

Features

  1. Monthly earnings credit based on 91 day T-bill rate.
  2. $7 monthly service charge with per item charges (see below).
  3. Monthly statement with paid check images.
  4. Free account access via Telebank and Internet Banking.

Minimun Balance to earn interest
Investable Balance

Fees

  1. $7 monthly maintenance fee.
  2. $0.14 per paper debit or credit, $0.10 per electronic debit or credit, $0.07 on-us deposited item, $0.10 other deposited items.
  3. FDIC assessment - based on current calculation.

Insured Money Market Account (IMM Account)

At a glance

An interest bearing, limited transaction account.

Best For
Businesses that want check writing privileges and a competitive interest rate.

Features

  • A variable interest rate that may change weekly, not tied to any index. Interest is compounded and paid monthly.
  • Monthly statement with paid check images.
  • Withdrawals limited to 6 per month by federal law.
  • Free account access via Telebank and Internet Banking.

Minimum Balance
Minimum balance of $2,500 is required to earn interest on the account for that day.

Fees

  1. No monthly maintenance fee if average daily balance is $2,500 or more; otherwise a fee of $9 per statement cycle.
  2. An excess withdrawal penalty of $1.00 for each withdrawal over 6 during a monthly cycle.

Organizational Checking

At a glance

A full featured account with unlimited check writing .

Best for
Non-incorporated organizations that need a low volume checking account.

Features

  1. Monthly statement with paid check images.
  2. No monthly maintenance fee if minimum balance is $100 or more.
  3. Free account access via Telebank and Internet Banking.

Minimum Balance to earn interest
N/A

Fees

  1. No monthly maintenance fee if minimum balance is $100 or more; otherwise a fee of $2 per statement cycle.
  2. $0.25 per item over 100 total debits, credits and deposited items per month.


top