Commercial Banking

Commercial Checking:
Minimum to open
$1,000
Access
Unlimited
Interest
N/A
Earnings Credit

An earnings credit is paid on the average collected balance in the account.  If the credit equals or exceeds the maintenance/activity, no charge will be levied against the account.  The credit is based upon the average 90 day Treasury Bill rate at auction during the prior month; with a minimum rate of 0.25% and maximum of 1.80%.
Maintenance/Activity

Maintenance | E-Statement | month

Maintenance | Paper Statement | month
Each check paid
Each deposit slip posted
Each check deposited

$    5
$  10
$ .14
$ .25
$ .09
Balance Requirement
None
Internet Banking
No charge
Overdraft Protection
Commercial Line of Credit may be available to provide overdraft protection if an item is presented against insufficient funds.
Overdraft Sweep
Transfer funds from another commercial account in increments of $100 if an item is presented against insufficient funds. 
Statement Cycle
Monthly
Commercial Interest Checking:
Minimum to open
$5,000
Access
Unlimited
Interest
Interest is compounded daily based on the current collected balance and paid monthly (at statement cycle).
Earnings Credit
N/A
Maintenance/Activity

Maintenance | E-Statement | month

Maintenance | Paper Statement | month

Each check paid
Each deposit slip posted
Each check deposited

$    5

$  10
$ .14
$ .25
$ .09
Balance Requirement
$10 per month if balance falls below $5,000 during statement cycle.
Internet Banking
No charge
Overdraft Protection
Commercial Line of Credit may be available to provide overdraft protection if an item is presented against insufficient funds.
Overdraft Sweep
Transfer funds from another commercial account in increments of $100 if an item is presented against insufficient funds.
Statement Cycle
Monthly
Commercial Investment Checking:
Minimum to open
$25,000
Access
Unlimited
Interest 
Interest is compounded daily based on the current collected balance and paid monthly (at statement cycle).
Earnings Credit
N/A
Maintenance/Activity

Maintenance | E-Statement | month

Maintenance | Paper Statement | month

Each check paid
Each deposit slip posted
Each check deposited

$     5

$   10

$  .14
$  .25

$  .09
Balance Requirement
$10 per month if balance falls below $25,000 during statement cycle.
Internet Banking
No charge
Overdraft Protection
Commercial Line of Credit may be available to provide overdraft protection if an item is presented against insufficient funds.
Overdraft Sweep
Transfer funds from another commercial account in increments of $100 if an item is presented against insufficient funds.
Statement Cycle
Monthly
Commercial Investment:
Minimum to open
$10,000
Access

Limited to 6 covered withdrawals per statement cycle.  Excess activity incurs a $10 charge per withdrawal.
Interest 
Interest is compounded daily based on the current collected balance and paid monthly (at statement cycle).
Earnings Credit
N/A
Maintenance/Activity

Maintenance | E-Statement | month

Maintenance | Paper Statement | month

Each check paid
Each deposit slip posted
Each check deposited

$    0

$    0

$    0
$    0

$    0

* Subject to excess activity discussed above
Balance Requirement
$10 per month if balance falls below $10,000 during the statement cycle.
Internet Banking
No charge
Overdraft Protection
Commercial Line of Credit may be available to provide overdraft protection if an item is presented against insufficient funds.
Overdraft Sweep
Transfer funds from another commercial account in increments of $100 if an item is presented against insufficient funds.
Statement Cycle
Monthly

Commercial Services

The following fees may be assessed against your account.
Account balance assistance (per hour)
$20
Account research (per hour)
$20
Cashier’s Check
$5
Check Printing/Deposit Slips
$*
Collection Items
$15
Commercial Line of Credit (annual)
$50
Duplicate Statement
$5
Night Depository Bag
$25
Nonsufficient Funds (NSF) Item (each)
$30
Overdraft (OD) (each check or debit paid)
$30
Photocopying (per item / per side)
$1
Return Item Fee
$5
Stop Payment
$30
Wire Transfers
     Incoming
$10
     Outgoing
$15
     International
$50

* Cost of check printing varies depending on the style of checks ordered.

Dormant Accounts

An account is dormant if there has been no deposit to or withdrawal from the account for a period of one year. Dormant account statements may be mailed or electronically transmitted.

Overdraft Protection and Overdraft Sweep

Overdraft Protection is available with our checking accounts by linking your account to a Commercial Line of Credit. For additional information or to apply for a Commercial Line of Credit, please contact an Executive Officer.

Overdraft Sweep is available with our checking accounts by transferring funds from another commercial account in increments of $100 if an item is presented against insufficient funds. For additional information, please contact a Client Service Representative.

Safe Deposit Box

Available for BankSouth clients only.

Restriction of Withdrawals

BankSouth reserves the right to require written notice seven (7) days prior to your withdrawing funds from your Commercial Interest Checking, Commercial Investment Checking or Commercial Investment account(s).

Yield Information

Deposit yields are updated weekly. Please contact a BankSouth Client Service Representative to receive information regarding current interest rates.

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