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Today, more than ever, it's important to have the best possible team of business professionals working for you. At Forest Park National Bank and Trust, you have our continuing commitment to be your knowledgeable and reliable resource for all your business needs.
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Business Deposit Accounts
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ACCOUNT
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Minimum Opening Deposit
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Earns Interest
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Balance to Avoid Monthly Fee
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Maintenance Fee
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Coins/Currency Deposit
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Deposit Fees
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Check Deposits
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Written Checks
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ACH Deposits
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Business Checking*1
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$100
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No
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None
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$12
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$1 per 1,000
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$0.75
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$0.15
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$0.15
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$0.15
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Business NOW*2
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$100
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Yes
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None
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$12
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$1 per 1,000
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$0.75
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$0.15
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$0.15
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$0.15
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Business Money Market*3
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$2500
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Yes
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$2,500 Average Daily Balance
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$10 (waived if minimum balance is maintained)
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$1 per 1,000
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$0.75 each over 5
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$0.15 each over 10
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6 free debits, then $10 each
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No
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Business Savings
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$100
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Yes
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$250 Average Daily Balance
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$10 quarterly (waived if minimum balance is maintained)
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N/A*4
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$0.75 each over 15
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$0.15 each over 30
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No
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No
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Small Business Checking+
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$100
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No
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$1000 Average Daily Balance
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$12 (waived if minimum balance is maintained)
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First 100 transactions*5 free, then $.25 each
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First 100 transactions*5 free, then $.25 each
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First 100 transactions*5 free, then $.25 each
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$0.25 each over 25
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No
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Not-for-Profit Checking
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$100
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No
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None
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None
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No
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No
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No
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No
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No
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*1. Business checking accounts will receive an earnings credit that may lower the service charge base. The earnings credit is based on the monthly average collected balance.
*2. Business checking with interest accounts will receive interest based on the average collected balance. Federal regulation prohibits partnerships and "for-profit" corporations from having Business checking with interest accounts.
*3.Federal regulations limit transfers/withdrawals or a combination of transfers/withdrawals from savings and money market accounts to six each month. Limited transfers/withdrawals include the following: check, debit card or a similar order payable to a third party, preauthorized transfers, automatic transfers, and telephone transfers. Unlimited transfers or withdrawals are permitted for transfers to repay loans at the same institution, transfers to another account of the depositor at the same institution and withdrawals, when made by mail, messenger, ATM, in person, or by telephone, provided a check is mailed to the depositor.
*4. Not applicable. Additional fees may be required for special services.
*5. One transaction=one deposit, one deposited check processed, or one check written.
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Equal Housing Lender