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Analyzed Business Checking

Ideal for businesses with heavy transaction activity, or those using a broad range of Island services.

 
 
 

Find a branch |  Call (800) 848-5654, option 5

 
Rates and Fees effective 01/01/2009
Determine if this account is right for your business by completing the Analyzed Business Checking Worksheet using the information below. Miscellaneous fees may also be incurred. Unless specifically listed below, they will be assessed outside of the monthly analysis and will not be offset by earnings credit.
General Cash/Currency
Earnings rate 1.75% Currency deposited/purchased (per $100) $0.20
Borrowing rate 4.00% Rolled coin deposited/purchased (per roll) $0.10
Reserve requirement Waived Bagged coin deposited (each) $3.50
Monthly maintenance (per zero balance or analyzed account) $18.00 Boxed coin purchased (each) $3.50
Monthly activity (per zero balance or sweep account) $15.00 Wire Transfers
    Incoming $10.00
Deposits/Electronic Credits (each) Incoming fax wire notification (each) $2.00
Deposit processing $1.25 Outgoing ($50 minimum transfer) $25.00
  per check deposited—transit $0.08 International $35.00
  per check deposited—on us $0.05 ACH
Deposit correction $2.00 ACH file transmission (per file) $10.00
Returned Item (paper or electronic) $15.00 ACH item processing (per item) $0.10
ACH credit Waived Other
Checks/Electronic Debits (each) Courier/armored car service As quoted
Checks written   Third party services As quoted
  Paid through in-clearing $0.12 Money Service Business $50/mo.2
  Cash paid at branch $0.25    
ACH debit $0.10    
Non-sufficient funds (NSF) $26.00    
Uncollected funds $26.00    
Stop payment $20.00    
Money order $2.00    
Cashier's check $2.00    
Collection item (incoming/outgoing) Cost + $10.00    
  Documentary Cost + $50.00    
See Also
You might also like a Business Savings account to save for unplanned expenses and special purchases while earning dividends.

Get Overdraft Protection for your checking through an Island Business Line of Credit, Savings, or Money Market Account.

 

Terms & Conditions

1 All ATMs in the Co-Op Network are entirely fee-free to Island members. Co-Op is a nationwide network of over 25,000 ATMs owned by credit unions, including The Island, as well as participating 7-Eleven® store ATMs.
 

2 Businesses subject to compliance auditing or FinCEN regulations.
 

Based on the level of activity on your account, we reserve the right to convert your account to another type of checking. We will give you 30 days notice if we elect to convert your account.
 

Programs (including but not limited to fees, rates, and features) are subject to change without notice. After account is opened, dividend rate and APY may change at North Island Credit Union's discretion. Fees may reduce earnings.