Business Checking and Savings Accounts
| United Basic Business Checking Account | United Premium Business Checking Account | United Business Checking Account | United Business Interest Checking | United Premiere Non-Profit Account | United Business Money Market Account | |
|---|---|---|---|---|---|---|
| Description | Non-Interest Bearing Regular Checking Account Low Transaction Activity |
Non-Interest Bearing Regular Checking Account Moderate Transaction Activity |
Non-Interest Bearing Regular “Analysis” Checking Account High Transaction Activity |
Interest Bearing Checking Account for Sole Proprietorships and Non-Profit Organizations only | Interest Bearing Checking Account for Non-Profit Organizations and Associations | Money Market Rate Account Limited Access |
| Initial Deposit | $100 | $100 | $100 | $100 | $100 | $1,000 |
| Interest1
Minimum Daily Balance Required to Earn Interest |
Not Applicable
Not Applicable |
Not Applicable
Not Applicable |
Not Applicable
Not Applicable |
Tiered Interest
$2,500 to $49,999 $50,000 and up Minimum $2,500 Daily Balance Required to Earn Interest |
Variable Rate of Interest based on United American Bank 60 day $1,000 Certificate of Deposit.
Minimum $6,000 Daily Balance Required to Earn Interest |
Tiered Interest
$ 5,000 to $ 9,999 $10,000 to $24,999 $25,000 to $49,999 $50,000 to $99.999 $100,000 and up Minimum $5,000 Daily Balance Required to Earn Interest |
| Account Features2 | For Businesses with Low Monthly Activity:
20 Deposits per month 100 Checks per month $2,000 in currency/coin furnished or deposited per month |
For Businesses with Moderate Monthly Activity:
25 Deposits per month 200 Checks per month $7,500 in currency/coin furnished or deposited per month |
For Businesses with High Monthly Activity or High Balance Accounts:
Activity Charges per Account Analysis |
Unlimited Check Writing
Unlimited Deposit Activity |
Monthly Activity Parameters:
20 Deposits per month 100 Checks per month $2,000 in currency/coin furnished or deposited per month |
Unlimited withdrawals in person or by ATM3
6 pre-authorized withdrawals per statement cycle; 3 of which may be made by check |
| Average Monthly Balance to Avoid Service Charge | $6,000 | $10,000 | Balances applied toward Account Analysis | $2,500 | $6,000 | $5,000 |
| Service Charge | $10 Monthly | $18 Monthly | Based on Account Analysis | $15 Monthly | $12 Monthly | $20 Monthly |
| Other | Monthly Statement | Monthly Statement | Monthly Statement | Monthly Statement | Monthly Statement | Monthly Statement |