Coastal offers three types of Business Checking account relationships: Basic, Dividend, and Community.
Both Basic and Dividend Checking require a low maintenance fee of just $10.00 per month. However, Member Business Account holders can easily avoid this fee by maintaining the required average daily balance in their account.
Although Business Community Checking does not require a monthly maintenance fee or minimum average daily balance, it is very limited in the number of items processed without incurring a fee per item. Items include checks paid, withdrawals, deposits, deposited items, ACH debits
and credits.
Careful consideration should be given to the number of items a business expects to be processed on their account before selecting the Coastal Business Checking Account that best meets their individual business' needs.
| |
Monthly Fee |
Average Daily Balance Required to Avoid Fee |
| |
|
|
| Business Basic Checking |
$10.00
|
$2,500 |
| |
|
|
| Business Dividend Checking |
$10.00 |
$5,000 |
| |
|
|
| Business Community Checking* |
N/A |
N/A |
* Business Community Checking is intended for non-profit businesses with
low monthly items.
|
To open a Coastal business account just stop by any of our Coastal branches and speak with any of our Member Service Representatives.
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