Business Accounts | Loans | Services
 

Business Accounts

Commercial Service charges, if any, are determined through an analysis which gives earnings credit for balances maintained.  Individual analysis charges are listed below:

Commercial Checking  

• $10.00 – Account Maintenance (per month)
• $ .13 – Per item paid
• $ .40 – Per deposit
• $ .08 – Per item deposited
• $20.00 – Special transaction handling (per hour)
• $12.00 – Night deposit service (per year)
• $ .10 – Cash handling fee (per $100)
• $ .10 – Coin handling fee (per roll)
• Earnings credit – 90 day T-Bill

In addition, Sapelo Southern Bank offers a small business checking account for businesses with low activity levels.  This account is perfect for start-up companies and smaller businesses.

Free Small Business Checking

• No monthly maintenance fee
• Includes 500 items (deposits, items deposited and checks)
• $ .25 - Each additional transaction

Business Money Market Account

• Minimum opening deposit - $1,500
• Interest rate tiered, based on balance
• Interest paid monthly on average collected balance
• No maintenance fee with average collected balance of $1,500 or more
• Lower balance, monthly service fee of $8
• Three check withdrawals per month – no charge
• Each additional debit - $2

Business Savings

• Interest paid quarterly on average collected balance
• With minimum collected balance of $100, no service charge
• Lower balance, monthly maintenance fee of $2
• Three withdrawals per quarter
• Each additional withdrawal - $1
• Quarterly statement