BUSINESS CHECKING CHART
Our business banking products and services are designed to work for your specific business needs.
| Account Type | Ben's Business Checking | Ben's Free Business Checking | Ben's Community Checking |
|---|---|---|---|
| Partnering for Success with our Business Customers | Created with the needs of a Small Business in mind | Created with Community Organizations in mind | |
| Monthly Maintenance Fee | $9.00 (Waived for the first statement cycle) |
None | $3.00 (Waived for the first statement cycle) |
| Requirement to waive maintenance fee | N/A | N/A | Average monthly balance of $100.00 |
| Interest Bearing | No | No | No |
| Ben's Business Checking Fees | $0.20 per check or debit fee $0.60 per deposit or credit fee $0.07 per item within each deposit. An earning credit allowance based on the 91-day T-bill auction rate and calculated on your average collected balance will aid in offsetting your monthly service charges. | The first 250 transactions* per month are FREE and each transaction thereafter is $0.45. * Transactions include: Check writing, withdrawals, point of sale, deposits, and deposited items. |
The first 15 checks per month are FREE and each check paid thereafter is $1.00. |
| Online Banking Fees | FREE Online Banking viewing and transferring | FREE Online Banking viewing and transferring | FREE Online Banking viewing and transferring |
ATM Fees(1) |
All Ben ATMs are FREE. Foreign ATM fee: inquiry $0.75, withdrawal $1.00. Surcharge if applicable. | All Ben ATMs are FREE. Foreign ATM fee: inquiry $0.75, withdrawal $1.00. Surcharge if applicable. | All Ben ATMs are FREE. Foreign ATM fee: inquiry $0.75, withdrawal $1.00. Surcharge if applicable. |
| Phone Banking | FREE Inquiries and Account Transfers | FREE Inquiries and Account Transfers | FREE Inquiries and Account Transfers |
| Standard Features | - Check Imaging - Business Overdraft - Business VISA® Debit Card (no annual fee) - End of Month Statement Cycle - Overdraft Privilege(2) (if qualified) |
- Check Imaging - Business Overdraft - Business VISA® Debit Card (no annual fee) - End of Month Statement Cycle - Overdraft Privilege(2) (if qualified) |
- Check Imaging - Business Overdraft - Business VISA® Debit Card (no annual fee) - End of Month Statement Cycle |
1 - A limited number of other banks may choose to impose a surcharge fee to your account. Benjamin Franklin Bank is part of the SUMSM program. Look for ATMs that have the "SUMSM" logo and you won't pay a surcharge. Check for locations online at http://www.sum-atm.com.
2 - Ben’s Overdraft Privilege Service (Ben's ODP) automatically comes with designated accounts, upon account holder qualification. If checks, in-person, withdrawals or other electronic means (excluding ATM transactions) exceed your available balance, we may pay it for you (up to $700 on eligible personal accounts and up to $1000 on eligible business accounts) for a nominal Overdraft Fee of $ 27.50 per item. Ben’s ODP saves you time, embarrassment and possibly, an additional fee from the drawee institution. Whether your overdrafts will be paid is discretionary and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standing, or you are not making regular deposits, or you have too many overdrafts. You will not pay interest on the amount overdrawn, unlike at other institutions. The amount of any overdraft plus the Overdraft Fee that you owe is due and payable upon demand. There are no initial set-up, monthly or annual maintenance fees. Ben’s ODP automatically becomes effective 30 days after account opening if your account qualifies. Ask a Ben Banker for Ben’s Overdraft Privilege Service Policy brochure
