Business Checking

SMALL BUSINESS CHECKING

If your business has a limited number of transactions each month, Small Business Checking may be right for you.

  • No monthly maintenance fee when a $2,500 minimum daily balance is maintained; otherwise, a $10 regular monthly maintenance fee will apply.
  • Per-item charge for each check, deposit, or item deposited (on-us or transit) over 100 per statement cycle is $0.35.
  • Open with a $100 deposit.

COMMERCIAL ANALYSIS

As your business grows to have larger balances and more transactions each statement cycle, consider taking advantage of our Commercial Analysis account featuring:

  • An earnings credit to offset or reduce account charges.
  • The option of combining accounts for analysis to maximize use of balances in noninterest-bearing accounts. If charges are not completely offset by balances, the difference will be service-charged to your account.
  • A regular monthly service fee of $14, a per-debit fee of $0.18 and a per-deposit fee of $0.45. The per-item-deposited fee is $0.08 for in-state and $0.09 for out-of-state items. Other service fees, as appropriate, are calculated as part of your monthly service charges.

ZERO BALANCE ACCOUNTS

Zero Balance Accounts (ZBAs) are designed for companies that prefer to concentrate all funds into one general operating account, while using subsidiary accounts for specific purposes such as payroll, benefits, etc. Account features include:

  • Ability to segregate check disbursements (accounts payable) and deposit concentration (accounts receivable) transactions, while reconciling funds to one general operating account.
  • A regular monthly service fee of $14, per-debit fee of $0.18 and per-deposit fee of $0.45. The per-item-deposited fee is $0.08 for in-state and $0.09 for out-of-state items. Other service fees, as appropriate, are calculated as part of your monthly service charges. Fees will be charged to the general operating account.

BUSINESS INTEREST CHECKING

Let your money work for your business with a Business Interest Checking account. Account features include:

  • Competitive interest rate.
  • No minimum balance requirement.
  • Interest Checking (NOW) account interest rates are applied to your collected balance, less reserve requirements.
  • Interest is compounded daily and credited monthly.
  • A regular monthly service fee of $12, a per-debit fee of $0.18 and a per-deposit fee of $0.45. The per-item-deposited fee is $0.08 for in-state and $0.09 for out-of-state items.
  • Open with a $100 deposit.

COMMERCIAL MONEY MARKET ACCOUNT

With this account, your business will earn a competitive interest rate, compounded monthly and paid monthly on your daily collected balances. Interest is paid based on tiered balances. Account features include:

  • An unlimited number of withdrawals and transfers can be initiated at our banking offices, by mail or via North State Bank ATM.
  • For other types of transfers, government regulations limit money market accounts to six (6) transfers or withdrawals per monthly cycle; if exceeded a $5 fee will apply.
  • With a $1,000 minimum balance, there is no regular monthly service fee on this account. The regular monthly service fee is $6. Tiered money market rates of interest are paid on balances of $1,000 or more.
  • Open with a $1000 deposit.

COMMUNITY CHECKING

Designed for small nonprofits, Community Checking’s convenience and low minimum balance requirement can benefit your organization.  Account features include:

  • No monthly maintenance fee with a $500 minimum daily balance in the account.
  • Process up to 100 checks, deposits and items deposited (on-us or transit), respectively, per statement cycle; per-item fee in excess of this limit is $0.35.
  • Open with a $100 deposit.

IOLTA CHECKING — INTEREST ON LAWYERS' TRUST ACCOUNT

For attorneys and law firms, North State Bank offers participation in the North Carolina State Bar IOLTA program. Account features include:

  • Small and/or short-term funds are deposited in an interest-bearing checking account. Interest earned on this account, less service charges, is forwarded by North State Bank to the North Carolina State Bar for use in public interest projects, such as legal services for those in need.
  • Interest Checking (NOW) account interest rates apply to this account, less reserve requirements.
  • Interest is compounded daily and credited monthly.
  • Regular monthly service fee of $14, per-debit fee of $0.18 and per-deposit fee of $0.45. The per-item-deposited fee is $0.08 for in-state and $0.09 for out-of-state items.
  • Fees are charged to the general operating account.

 

Fees may reduce earnings.