Business & Professional Checking Solutions
Momentum Business Checking:
Designed for established Business Clients with Online Banking and other service needs. This account includes:
- Free Momentum Business Connect Online
- Bill pay service - Free for first 25 items; $0.50 per item over 25
- Free Visa Check card
- Free unlimited Momentum ATM Usage
- Free notary services
- Non-interest bearing account
- Maintenance fee - $12 per month
Minimum average collected account balance to avoid monthly maintenance fee is $2,500.
Momentum Platinum Business Checking:
This account offers special rewards for your business relationship. These rewards include:
- Free Momentum Business Connect Online
- Bill pay service - Free for first 25 items; $0.50 per item over 25
- Free Visa Check card
- Free unlimited Momentum ATM Usage
- Free notary services
- 50% off first order of basic checks
- Maintenance fee - $20 per month
Minimum average collected account balance to avoid monthly maintenance fee is $10,000 or $100,000 in combined deposit balances or $100,000 in outstanding loans.
Fully Analyzed Commercial Checking:
Designed for a complex, large business that uses Treasury Management services and wishes to maintain larger balances to offset monthly maintenance charges or uses Automated Overnight Investment Services (SWEEP).
- Free notary services
- $0.12 per item for electronic debits/credits
- $0.12 per deposited item
- $0.15 per check payment
- $0.35 per deposit
- No minimum balance requirement
- Maintenance fee - $16 per month
- Unlimited check writing privileges
- Detailed monthly account analysis statements provided
- Your American Momentum Treasury Management consultant is available to design a system to enhance your working capital
Momentum Business Interest Checking:
Ideal for sole proprietors and non-profit organizations.
- Momentum Business Connect Online
- Bill pay service - Free for first 25 items; $0.50 per item over 25
- Free Visa Checkcard
- Free unlimited Momentum ATM Usage
- Free notary services
Federal regulations limit the number of debit transactions that money market accounts may have. These account types may have no more than six (6) debit transactions in a monthly statement cycle and no more than three (3) can be checks or drafts payable to a third party. The regulations define a limited debit transaction as a check, check card transaction, transfer or pre-authorized transfer, including those made by a phone or modem. Unlimited transactions are permitted if made by the customer in person, by mail, at the ATM or by telephone when a check is mailed to the customer.
American Momentum Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2009, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.
