Commercial Checking
Enjoy the benefits of unlimited check writing. Plus, earning credits on your balance can offset monthly fees.
- $100 minimum deposit to open
- Earnings credit applied, based on collected balance less 10% reserve requirement.
- Per credit item - $.15
- Per debit item - $.30
- Per deposited item - $.11
- $15 monthly maintenance fee
Collected balance for earnings credit (less 10% reserve) x earnings credit rate x # days in month
TEMPORARY LIQUIDITY GUARANTEE PROGRAM
Marquis Bank is participating in the FDIC’s Transaction Account Guarantee program.
Under the program, through December 31, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account.
Coverage under the Transaction Account Guarantee program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules. This includes IOLTA’s (interest on lawyer’s trust accounts) and NOW Accounts that pay an interest rate lower than .25%.
FDIC INSURANCE
As of July 21, 2010, the standard maximum deposit insurance provided by the FDIC has been permanently increased to $250,000 per depositor, per insured depository institution for each account ownership category. For more information on FDIC insurance, visit www.FDIC.gov.
