Professional Checking
Frontenac's Professional Checking is designed for smaller businesses with minimal checking activity.
- Minimum to open: $100.
- Non-interest bearing account.
- Minimum balance of $5,000 required to avoid monthly maintenance fee of $15.
- Transaction fees:
50 free debits/checks, then 50˘ per debit/check
20 free credits/deposits, then 50˘ per credit/deposit
60 free deposited items, then 20˘ per item
- Check Safekeeping feature.
Commercial Checking
Frontenac's Commercial Checking offers larger businesses the luxury of unlimited transactions and an earnings credit.
- Minimum to open: $100.
- Non-interest bearing.
- Maintenance and transaction fees:
Monthly maintenance fee: $20
Per debit/check: 16˘
Per credit/deposit: 40˘
Per deposited item: 10˘
An earnings credit is applied to the average collected balance of the account each month.
- Unlimited transactions.
- Check Safekeeping feature.
Interest Checking
If you qualify as a non-profit organization or a sole proprietor, Frontenac’s Interest Checking Account pays interest every month.
- Minimum to open: $100.00.
- Minimum balance of $5,000.00 required to avoid monthly maintenance fee of $15.00.
- Interest accrues daily on the collected balance.
- Interest paid quarterly.
- Accrued interest may be forfeited if account is being closed prior to date interest is schedul3ed to be credited to the account.
- Nine free withdrawals per quarter, then 50˘ per withdrawal.
- Quarterly statement.
- Check writing not permitted.
- Six authorized transfers allowed each month.