Both a Biz Money MarketSM account and Biz Tiered Savings account pay higher interest for higher balances. The Money Market account provides the ability to write checks. Compare All Business Savings Accounts.
You may make no more than six (6) transfer transactions per monthly cycle. These restricted transactions consist of transfers to third parties or another deposit account with us made by preauthorized or automatic transfers (including overdraft transfers), or telephone agreement (including data transmission), order, or instruction, such as using our telephone banking service or online banking, and transfers made by check, draft, point-of sale, or similar order payable to third parties. Payments to your loans with us and withdrawals or transfers made in person at ATMs or our branches do not count toward the six (6) transfer limit. If you exceed this limit on more than an occasional basis, we may freeze, close, and/or convert your account, transfer your funds to a transactional account, and/or charge you a fee. This applies to both business and personal accounts.
A checking account is considered dormant at 12 months of inactivity and a savings account is considered dormant at 36 months of inactivity. While your account is dormant, you will not be able to access the ATM or use your debit card at point-of-sale (POS) terminals.