This chart provides general characteristics of businesses that fit into the various business checking products offered by Merchants Bank. Please note that these are only guidelines. Individual circumstances may dictate which checking product is best for a particular business.
Please contact us to help assess the Business Checking account that is right for you.
|Target Audience||Transaction Volume||Monthly Fee||Transaction Fee||Earnings Credit|
|MBT Business Classic||Small Companies with average balance of $5,000 or less.||Less than 150 transactions per month (includes checks, deposits, and deposited items.||No Monthly Fee||First 150 debit transactions free, $0.15 for each additional debit||No earnings credit|
|MBT Business Advantage||Small Companies with average balance of $10,000||Between 200-400 transactions per month (includes checks, deposits, and deposited items.||Maintain a minimum daily balance of $5,000.00 and avoid the $15.00 monthly service charge.||First 200 debit transactions free, $0.25 each additional debit up to 400, $1.00 per item over 400||Managed or indexed Earnings Credit Rate|
|MBT Business Elite||Mid to Large size companies with average checking balance of $25,000 or more||Greater than 200 transactions per month (Includes checks, deposits, and deposited items.||Maintain a minimum daily balance of $25,000 and avoid the $25.00 monthly service charge.||First 400 debit transactions free, $0.75 each additional debit||Managed or indexed Earnings Credit Rate|
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