Androscoggin Bank

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Business Checking Accounts

Having the right checking account for your business means balancing functionality with cost.  With our FreeStyle Business, MainStreet and Corporate Checking accounts, we offer real solutions to help you manage your money effectively and securely.  And, our Community NOW account offers an interest earning alternative for sole proprietorships and not-for-profit organizations.  Selecting the account that best meets your needs has never been easier.   Androscoggin Bank…bringing value to business checking.

EZ Choice Checking Comparison

 

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FreeStyle Business

MainStreet Business

Corporate

Community NOW1

Minimum Opening Balance

$25.00

$25.00

$25.00

$25.00

Monthly Service Charge

None

$8.00

$6.00

$6.00

Minimum daily account balance to waive monthly service charge2

NA

$5,000.00

NA

$100.00

Monthly Transaction Charges

First 200 transactions no charge, then $.30 each3

First 400 transactions included, then $.30 each3

(4) see details below

(5) see details below

Earns Interest

No

No

No

Yes

Earnings Credit

No

No

Yes

NA

Unlimited Check Writing

Yes

Yes

Yes

Yes

Checks

First Order no charge6

First Order no charge6

Charge

Charge

eBusiness (online banking with check images)

Free9

Free9

$6.00/month

$6.00/month

eBillPay

Free9

Free9

$6.00/month plus $.50 for each bill payment over 10

$6.00/month plus $.50 for each bill payment over 10

eStatement

Yes

Yes

Yes

Yes

ATM Charges7

None

None

None

None

VISA® Check Card

Free9

Free9

Free9

Free9

Debit Card Transactions

Free9

Free9

Free9

Free9

Overdraft Protection8

Yes

Yes

Yes

Yes

Unlimited Telephone Banking

Free9

Free9

Free9

Free9

Combined Monthly Statement

Yes

Yes

Yes

Yes

Notary Services

Free9

Free9

Free9

Free9



1 Not-for-profit organizations and sole-proprietor businesses are eligible.
2 Qualified balances include all deposit and loan balances
3 Transactions include deposits, deposited items & inclearing checks
4 Deposits $.10; Deposited items $.12; Checks paid $.16.  Charges may be offset by earnings credit.
5 First 20 deposits/month Free; then $.10 each additional .  First 100 deposited items/month free then $.12 each additional.  First 50 checks paid/month Free; then $.16 each additional. 
6 First order includes 200 Basic Style Checks, other styles available for a charge 
7 Androscoggin Bank does not charge customers for ATM use.  Owners of other ATMs may assess a surcharge.Androscoggin Bank cardholders can use over 150 Maine Cash Access ATMs surcharge free.
8 Credit approval required 
9 Charges for unusual activities such as overdrafts, stop payment orders, duplicate statement or imprinted checks may be assessed.


Product Disclosure Schedule of Charges

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