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Checking

Depending on the type of activity and balances that a business account will have, Clarkston State Bank has three excellent products to choose from:

Basic Business Checking

The Basic Business Checking is the perfect account for a small business just opening up.  It offers a low monthly fee that can be waived with compensating balances, and 50 free checks a month.  After 50 checks are written there is a nominal fee per check.

Basic Business Checking
Minimum Opening Deposit $100.00
Maintenance Fee $10.00 per month if minimum balance falls under $2,000.00
Excess Debit Fee $0.30 per check over 50
TelephoneTransfer Fee $5.00 per transfer
Stop Pay Fee $30.00 per stop pay
Fee for Monthly Check Images $3.00 a month
   

PerksPlus Business Checking

One step up from the Basic Business Checking, the PerksPlus Checking allows for more check writing each month.  The PerksPlus Checking gives the customer the flexibility to write up to 200 checks with out a per check fee. This is the perfect account for a medium size company.

PerksPlus Business Checking
Minimum Opening Deposit $100.00
Maintenance Fee $15.00 per month
Excess Debit Fee $0.30 per check over 200
Telephone Transfer Fee $5.00 per transfer
Stop Pay Fee $30.00 per stop pay
Fee for Monthly Check Images $3.00 a month
   

Regular Business Checking

The optimal account for large business customers, and most robust checking account option, the Regular Business Checking analyzes the account and potentially offsets fees based on balances kept.  This account gives the customer credit for keeping high balances, and offsets fees with those credits.

Regular Business Checking
Minimum Opening Deposit $100.00
Maintenance Fee $15.00 per month
Debit Fee $0.30 per check
Telephone Transfer Fee $5.00 per transfer
Stop Pay Fee $30.00 per stop pay
Fee for Monthly Check Images $3.00 a month
   

IOLTAs

For attorneys, Clarkston State Bank offers IOLTAs (Interest on Lawyers’ Trust Accounts).  The accounts earn interest which is remitted to the Michigan State Bar Association on a quarterly basis.  These accounts are not charged any maintenance fees.

IOLTAs
Minimum Opening Deposit $100.00
Maintenance Fee None
Excess Transfer Fee None
Telephone Transfer Fee $5.00 per transfer
Stop Pay Fee $30.00 per stop pay
   
Rate Tiers
$0 - $4,999.99
$5,000.00 or more