Small Business Checking Account

An account designed with the small business owner in mind. All the benefits you need in convenience, savings, and security.

Monthly Service Charge Waived If: A minimum daily balance of $500.00 is maintained during the monthly statement period.

Other Charges: No charge for the first 50 debit transactions (checks paid, withdrawals, automatic transfer or payment out of account), per monthly statement period. First 100 deposited items at no charge, per monthly statement period. A debit fee and item deposit fee of $0.15 will be assessed for each additional debit transaction or item deposited.

Account Benefits: A 0.25% interest rate reduction on a business loan with automatic payments (upon qualification). This account offers ACH Origination (refer to fee schedule), no annual fee business credit card (upon qualification), online banking, bill payment, and debit card (upon qualification).

Checking Sub-Account: Checking accounts consist of a checking sub-account and a savings sub-account. Skagit State Bank may periodically transfer funds between these two sub-accounts. If your account earns interest, your interest calculation will remain the same. If your checking account does not earn interest, no interest will be paid on either sub-account. The savings sub-account will be governed by the rules governing our other savings accounts. This process will not affect your available balance, the interest you may earn, FDIC insurance protection, or your monthly statement.

Dormant Accounts: An account that is inactive (debit or credit) for 24-60 months will be reclassified as a dormant account. Dormant accounts will be subject to a regular monthly service charge of $6 (non-refundable per State of Washington). The time periods of inactivity are as follows:

• 24 months—All checking, money market, interest checking, and savings accounts
• 30 months—Time certificates of deposit
• 60 months—Safe deposit boxes

Note: Under current state abandoned property law, any property unclaimed after three years (with the exception of safe deposit boxes) must be relinquished to the custody of the State of Washington.