Andover Bank has three Business Checking Accounts designed to meet the needs of all businesses and corporations. All accounts provide monthly statements and the security of FDIC Insurance. A wide variety of support services are available to enhance the convenience of your account relationship.
The monthly service charge fee for this account is $6.50 plus 15 cents per check paid. There is no charge for items deposited into your account. An earnings credit will be given to offset the monthly fee. The earnings credit is calculated as follows: for every $100 average available balance maintained in the account, a 3.5% earnings credit will be given to offset the fee.
Free Business Checking
No monthly service charge will be assessed on this account. Transaction items per monthly service cycle at no cost 75; 25 cents per item thereafter. A transaction item is defined as each deposited, paid or cashed item, such as checks, cash deposits, and withdrawals. There are unlimited, no-fee electronic transactions.
Commercial Interest Checking
Andover Bank offers a Commercial Interest Checking with a tiered interest earning structure. Interest is variable, could change at any time, compounds monthly and is credited monthly at the end of the statement cycle. No monthly service charge will be assessed if the balance on the account is above $10,000. If the balance falls below $10,000 anytime during the cycle, the fee is $15.00. Transaction items per month at no cost 75; 25 cents per item thereafter. A transaction item is defined as each deposited, paid or cashed item, such as checks, cash deposits and withdrawals. There are unlimited, no-fee electronic transactions.
Our knowledgeable account representatives
will help you choose the account that is right for you. Contact
us today by phone at 440-293-7605 or e-mail us at email@example.com.