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Checking & Savings
Victoria & Grand

Checking & Savings Accounts

Give your business a solid foundation

The right accounts are an asset to your business. And the right banker will work with you to meet your particular business needs with a high level of personal service and the convenience of state-of-the-art technology. Whether you’re a sole proprietor or mid-sized business, a community group or a non-profit organization, BankCherokee offers checking & savings accounts to help you more efficiently manage your day-to-day cash flow.

Commercial Checking

For companies with high transaction volume.

Benefits

  • Earnings credit to offset service fee3
  • Free Business Check Card2
  • Free Internet Banking
  • Free Bill Pay

Minimum Balance Requirements

None

Monthly Maintenance Fee

$15 per month. Can be offset by earning credit3

Statement Options

  • Free Paper Statement (does not include check images)
  • Paper Statement with check images $5 per month
  • Free eStatement with check images

Activity Fees

  • 15¢ per check/debit
  • 40¢ per deposit/credit
  • 8¢ per deposited on-us item
  • 12¢ per deposited transit item
  • 10¢ per $100 cash deposited
  • Uncollected funds charge4

Business Checking

For companies with moderate transaction volume.

Benefits

  • 300 free transactions per month1
  • Business Overdraft Protection2
  • Free Business Check Card2
  • Free Internet Banking
  • Free Bill Pay

Minimum Balance Requirements

$2,500 Average Monthly Balance

Monthly Maintenance Fee

$10 per month if balance falls below minimum

Statement Options

  • Free Paper Statement (does not include check images)
  • Paper Statement with check images $5 per month
  • Free eStatement with check images

Activity Fee

40¢ per transaction over 3001

Small Business Checking

For companies with limited transaction volume.

Benefits

  • 100 free transactions per month1
  • Business Overdraft Protection2
  • Free Business Check Card2
  • Free Internet Banking
  • Free Bill Pay

Minimum Balance Requirements

$500 Average Monthly Balance

Monthly Maintenance Fee

$5 per month if balance falls below minimum

Statement Options

  • Free Paper Statement (does not include check images)
  • Paper Statement with check images $5 per month
  • Free eStatement with check images

Activity Fee

40¢ per transaction over 1001

Community Checking

For Non-Profit organizations, associations, youth groups & clubs.

Benefits

  • 30 free transactions per month1
  • Free Internet Banking
  • Free Bill Pay

Minimum Balance Requirements

None

Monthly Maintenance Fee

None

Statement Options

  • Free Paper Statement (does not include check images)
  • Paper Statement with check images $5 per month
  • Free eStatement with check images

Activity Fee

40¢ per transaction over 301

Business Money Market

This account offers higher rates while maintaining liquidity.

Benefits

  • Rates tiered for higher balances
  • 6 free withdrawals per month*
  • Monthly Statement
  • Check Access Available

Minimum Balance / Requirements

$10,000 daily balance

Monthly Maintenance Charge

None, or $10 per month if balance falls below minimum

Activity Charges

6 free withdrawals per month $10 for each additional withdrawal per month*

Business Savings

An excellent, basic savings plan for businesses.

Benefits

  • Variable interest rate
  • Easy cash access

Minimum Balance / Requirements

$500 daily balance

Monthly Maintenance Charge

None, or $5 per month if balance falls below minimum

Activity Charges

6 free withdrawals per month, 25¢ for each additional withdrawal per month*

  1. Transaction is defined as a check, ATM withdrawal, check card transaction, transfer, deposit ticket and each item included within the deposit.
  2. Subject to approval.
  3. Earnings Credit: A non-cash credit to your checking account that is an offset against your service charges.
  4. Uncollected funds charge: The portion of the deposit not yet collected.
    If a negative collected balance occurs during the statement period, it will be charged interest at 4% + prime as published daily in the Wall Street Journal.

* Federal regulations limit transfers to another account or to third parties by preauthorized, automatic, or telephone transfers to six per month with no more than three by check, debit card or similar order to third parties.