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Commercial Accounts

 

Citizens Bank of Ada offers a variety of accounts to fit the needs of your business.

Business Checking Accounts

Call us or visit one of our convenient locations to open a business bank account and for more information regarding commercial lending and small business loans in Ada.

Smart Business Checking

  • Unlimited Check Writing/Debit Card Transactions
  • Online Banking
  • Notary Service
  • Monthly Statements with Check Images
  • No charge on First Visa Debit Card
  • $50 opening deposit
 
Account Fees: Excess Debit Fee (Over 55)- $0.23 Per Debit Item. This fee is assessed if the debit transactions reach over 55 for the statement cycle.

Regular Commercial Checking

  • Unlimited Check Writing/ Debit Card Transactions
  • Online Banking
  • Notary Service
  • Monthly Statements with Check Images
  • No charge on First Visa Debit Card
  • Earnings Credit on 1/10% of Monthly Average Net Collected Balance
  • $100 opening deposit
Per Item Fee- $0.08. This fee is assessed for each debit and credit transaction that processes through the account for the statement cycle. 
Monthly Service Charge Fee $3.00
Earnings Credit may be used to offset Monthly Service Charge Fee and Per Item fees. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. 

Commercial Money Market

  • Online Banking with Business Bill Pay
  • Notary Service
  • Monthly Statements with Check Images
  • Variable Tiered Interest Rate Credited and Compounded Monthly
  • $2,500.00 opening deposit
You must maintain a minimum average daily balance of $2,500.00 to obtain the disclosed annual percentage yield.
Account Fees: A Low Balance Service Charge of $8.95 will be assessed if the average daily balance for the statement cycle falls below the $2,500.00. This will be assessed monthly. An excessive-withdrawal penalty of $1.00 will be imposed for each debit transaction in excess of 6 per month. This will be assessed monthly.
You may make six(6) transfers from your account each four(4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.

Business Plus

  • Unlimited Check Writing/Debit Card Transactions
  • Online Banking
  • Notary Service
  • Monthly Statements with Check Images
  • No charge on First Visa Debit Card with Bonus Points Rewards Program
  • Variable Interest Rate Credited and Compounded Monthly
  • $1,500.00 opening deposit
You must maintain a minimum average daily balance of $1,500.00 to obtain the disclosed annual percentage yield.
Account Fees: A Low Balance Service Charge of $6.95 will be assessed if the average daily balance for the statement cycle falls below the $1,500.00. This will be assessed monthly.

Repurchase Sweeps Account

Tied to a Commercial Business Checking Account at Citizens Bank of Ada

All funds exceeding a daily balance of $1,000.00 in the attached Commercial Checking Account are swept into an interest bearing savings account at the end of each business day.

Variable Interest Rate Credited and Compounded Monthly

Account Fees: Sweep Monthly Fee $50.00

 

Repurchase Super Sweeps Account

Tied to a Commercial Business Checking Account at Citizens Bank of Ada.

All funds exceeding a daily balance of $50,000.00 in the attached Commercial Checking Account are swept into an interest bearing savings account at the end of each business day. 

Variable Tiered Interest Rate Credited and Compounded Monthly. 

Account Fees: Super Sweep Monthly Fee $95.00 

Visit any of our convenient locations to open a business checking account today!

 

Non-Personal Savings

  • Online Banking
  • Notary Service
  • Monthly Statements with Images
  • Variable Interest Rate Credited and Compounded Quarterly
  • $25.00 opening deposit
You must maintain a minimum average daily balance of $25.00 to obtain the disclosed annual percentage yield.
You may make six(6) transfers from your account each four(4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.
Account Fees: A low balance service charge of $1.00 will be imposed if the average daily balance for the quarter falls below $10.00. This is assessed quarterly. An excessive-withdrawal penalty of $1.00 will be imposed for each debit transaction in excess of 6 per month. This is assessed quarterly.
 

Start saving today! Give us a call at 580-332-6100 or visit any location today. 

 

For more information regarding fees for services and products, please see our disclosures here

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