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BUSINESS CHECKING ACCOUNTS
Silver Lake Bank has developed accounts to meet the needs of virtually all types of businesses. A $100 minimum deposit is required to open an account.


Commercial Analysis Checking
Designed for medium to large sized businesses with significant monthly activity.
  Features & Fees
Earnings credit applied each month against activity and other bank fees to eliminate or reduce service charges.
Monthly service charge is $10.
Fees for debit items include $.15 per check and $.05 per ACH debit.
Fees for deposited items include $.05 per SLB check and $.07 for all other checks.
No charge for internal funds transfers or ACH Deposits. Charges for ACH origination apply.
Monthly eStatement available.
Business Checking
This account is designed for businesses writing fewer than 50 checks and depositing less than 75 paper items per month.
  Features & Fees
No monthly service charge if ACB1 is $500 or more. $8.50 service charge if ACB1 is below $500.
50 check withdrawals monthly at no charge. Each additional withdrawal is $.25
75 paper deposited items monthly at no charge. Each additional paper deposited item is $.25
No charge for internal funds transfer or ACH activity, charges for ACH Origination apply.
Monthly eStatement is free. Paper statements are $2 per statement period.

Express Business
For the small business with minimal monthly activity.
  Features & Fees
No monthly service charge if ACB1 is $100 or more. $5 service charge if ACB1 is below $100.
25 free total check withdrawals and paper deposited items. Additional items over 25 are $.25 each.
No charge for internal funds transfer or ACH activity. Charges for ACH origination apply.
Monthly eStatement is free. Paper statements are $2 per statement period.
Express Club
Small informal clubs, groups and organizations will enjoy no monthly minimum balance requirement.
  Features & Fees
25 free total check withdrawals and paper deposited items. Additional items over 25 are $.25 each
No charge for internal funds transfer or ACH activity. Charges for ACH origination apply.
Monthly eStatement is free. Paper statements are $2 per statement period.
Commercial Cash Management Account
Designed to give large balance commercial customers the opportunity to earn interest on idle checking account funds.
  Features & Fees
Earn competitive interest rates on idle funds
Transfer of idle funds is automatic
Visible through Silver Express Internet Banking
Receive detailed daily confirmation of activity
Account secured by repurchase agreements and is not FDIC insured

 
1ACB= Average Collected Balance