Business Checking

 

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

Customer Awareness ( Tips to Prevent ID Theft )

Business Checking Accounts

Business Savings Accounts

Merchant Services 

Business Checking Accounts


 

Every Business Checking Account includes these benefits and services:

  • Free Online Banking with Bill Pay
  • VISA® Debit Card - Instant Issue $5.00
  • Telephone Banking
  • ATM Banking
  • E-Statements
  • Mobile Banking

Small Business Checking

  • Monthly Fee - No Charge
  • Minimum Daily Balance - None
  • Interest paid on average collected balance of $5,000.00 or higher
  • First 150 Combined Items* – No Charge
  • Fee for Combined Items over 150 - $0.50 each
  • Free Online Banking statement or E-statement with check images
  • Paper statement with check images $3.00
  • Minimum opening deposit of $100.00 is required

*Combined Items include: Checks Paid,Deposit Tickets, Checks Deposited, Online Bill Payments and Electronic Debits & Credits

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Commercial Checking  

  • Monthly Fee: $10.00
  • FDIC Assessment - $0.02 per $100 average balance
  • Checks Deposited  – $0.10 each
  • Checks Paid - $0.20 for each paid during the month
  • Electronic Debits and Credits - $0.16 each
  • Free Online Banking statement or E-statement with check images
  • Paper statement with check images $3.00
  • Service charges may be reduced or eliminated through an earnings credit
  • Minimum opening deposit of $100.00 is required

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Business Savings Accounts


 

Business Savings

  • *Minimum opening deposit $100.00
  • Over two (2) withdrawals per month - $1.00 each
  • Monthly fee of $3.00 for balances under $100.00
  • Statements provided quarterly
  • Accounts which are inactive for 1 year and balance below $1,000 - Monthly charge $5.00
  • Preauthorized transfers are limited to 6 per month. Your account will be monitored for excess activity. If after notifying you, excess transactions continue, we may either close the account, cease paying interest on the account, or remove the transfer and draft capabilities

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Money Management

  • Minimum opening deposit of $100.00
  • Six (6) withdrawals per month
  • $10.00 per transfer over 6 per month
  • Monthly fee $8.00 if balance falls below $2,500.00
  • Preauthorized transfers are limited to 6 per month. Your account will be monitored for excess activity. If after notifying you, excess transactions continue, we may either close the account, cease paying interest on the account, or remove the transfer and draft capabilities.

*MINIMUM OPENING DEPOSIT ON ALL ACCOUNTS $100.00

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Please contact any of the following for more information on any of the above accounts:

info@bankofcadiz.com or Toll Free (866) 554-6066

  • Andrea Esposito
    (270) 522-6066

  • Beth Cerrati
    (270) 522-6066

  • Jennifer Knight
    (270) 522-0450

  • Betty Winders/Pat Jenkins
    (270) 885-3211

  • Jennifer Eidson
    (270) 759-4852

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