Business Banking

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Business Banking - Checking Accounts

At Normangee State Bank, we treat business checking accounts just like personal checking accounts and, best of all, we don't charge extra money for your business checking account. Simply open an account in your business name then do business as you normally would.

Business Checking

  • Minimum Opening Balance - $200.00
  • Balance required to avoid service charge - $500.00
  • Monthly maintenance Fee - $12.50 (if during statement period the balance falls below $500.00)
  • Statement Period - Monthly
  • Balancing of Statement - No Charge
  • Per Withdrawal Charge - $00.10 (when balance falls below $500.00)
  • Check Reorder - Cost of check printing varies depending on the style of checks ordered
  • Insufficient Funds Charge (per item) - $25.00
  • Stop Payment Charge (per item) - $15.00

Business Banking - Savings

Regular Savings

  • Minimum Opening Balance - $200.00
  • Balance required to avoid service charges - $200.00
  • Interest rate - See rate schedule
  • Annual Percentage Yield (APY) - see rate schedule
  • To obtain APY requires a $200.00 minimum balance
  • Interest computation method - daily balance*
  • Interest will be compounded - semi-annually
  • Interest will be credited - semi-annually
  • Interest will be accrued - daily
  • On non-cash items, interest will begin to accrue on the next business day
  • If you close your account before interest is credited, you will receive the accrued interest.
  • Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.
  • Statement period - semi-annual (statements available on request)
  • Monthly maintenance fee - $5.00 if balance falls below $200.00
  • Transaction limitations - 3 free withdrawals each month. There will be an excess withdrawal fee of $3.00 for each additional withdrawal.

*The Daily Balance is determined by the application of a daily periodic rate to the full amount of principal in the account each day.

Money Market Savings

  • Minimum Opening Balance - $2,500.00
  • Interest will not be paid if balance falls below - $2,500.00
  • Interest rate - See rate schedule
  • Annual Percentage Yield (APY) - see rate schedule
  • To obtain APY requires a $2,500.00 minimum balance
  • Interest computation method - daily balance*
  • Interest will be compounded - monthly
  • Interest will be credited - monthly
  • Interest will be accrued - daily
  • On non-cash items, interest will begin to accrue on the next business day
  • If you close your account before interest is credited, you will receive the accrued interest.
  • Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.
  • Statement period - monthly
  • Transaction limitations - 3 free withdrawals each month. There will be an excess check charge of $3.00 for each additional withdrawal. If the balance falls below $2,500.00, no interest will be paid and a $20.00 charge will be levied.
  • Bank reserves the right to require seven (7) days notice on withdrawals.

*The Daily Balance is determined by the application of a daily periodic rate to the full amount of principal in the account each day.