Seasoned business owners with high transaction volume and sophisticated needs can cut the hassle out of banking with ACB’s Business Elite. This solution provides established businesses with no transaction limits and free cash management services1 .
Features & Fees:
- $500K combined relationship balance required to waive monthly maintenance fee 2 (business deposits and business loans for the same TIN/EIN)
- $50 per statement cycle3 maintenance fee if $500K combined relationship balance not maintained 1
- No transaction limits
- Credit of $200 towards the purchase of a value pack4 if purchased within 90 days of account opening 6
- No fees for cash management services
- Option to lease or purchase a Remote Deposit Capture check scanner5
1 Cash Management Services available are Remote Deposit Capture, ACH, and Positive Pay
2 Maintenance Fee assessed if minimum required balance isn’t met on any day of statement cycle
3 “Statement Cycle” means the period of time for which Adams Community Bank (ACB) provides a summary of the financial activities and transactions that post and settle to the accountholder’s account. The Business Elite Statement Cycle ends on the last business day of the month.
4 Value pack includes checks, deposit tickets, and an endorsement stamp. Credit provided within 30 days of your account being charged. Restrictions may apply.
5 Remote Deposit Capture check scanner options:
Customer leases a check scanner for $15.00 per statement cycle. Lease includes the use of a Bank owned check scanner and repairs or replacement of check scanner due to normal wear and tear. Check scanner will be returned to the Bank if related services are canceled by the customer or the Bank.
Customer purchases a Bank-approved check scanner. Customer will own the check scanner and will be responsible for any repairs and/or replacement of the check scanner.
6 One-time credit, unused portion of $200 credit will not be held for future use, credit will not be offered on multiple accounts for the same business identified by EIN/TIN.