Business Checking Accounts

Regular Checking Account

  • Minimum balance to open account: $50.00
  • Monthly service charge: a service charge fee will be charged each month or statement cycle if the balance in the account falls below $400.00 on any day of the month or statement cycle.
  • Fees: the following fees may be assessed against your account:
    Below $100---------$8.00
    $100-$199----------$7.00
    $200-$299----------$6.00
    $300-$399----------$5.00
    $400 and above-none

Now Checking Account

  • Minimum balance to open account: $1,500.00
  • Interest bearing account*
  • Minimum balance to obtain the annual percentage yield: $1,500.00
  • Fees: the following fees may be assessed against your account:
    $1,500.00 and above----none
    Below $1,500.00 -- $5.00 service charge fee.
  • Compounding and crediting: interest will be credited to the account on a monthly basis. Interest begins to accrue on the business day you deposit noncash items (for example, checks).
  • Balance computation: daily balance method is used to calculate interest. This method applies a daily periodic rate to the principal in the account each day.
  • Frequency of rate changes: at our discretion, we may change the interest rate on the account. The rate will never change by more that 2.00% daily.
  • Effect of closing: if you close your account before interest is credited, you will receive the accrued interest.
  • Not applicable for Corporations or Limited Liability Corporations (LLC).

*Visit your local Bank of Wiggins branch for information on interest rates.