Monthly Service Fee:
$16 plus activity charges in excess of earnings credit
Some or all of the fees and services charges can be offeset by earnings credits received on qualified accounts with Mechanics Bank Various activity and service fees apply based on volume and services provided. Talk to your banker for more information based on your business.
When a business checking account does not meet specific account requirements or experiences excessive transaction or cash handling activity or routine uncollected funds, the Bank may decide to convert that account to a more appropriate account type. For Free Business Checking and Community Partner Checking, excessive transactions or cash handling activity is defined as 1.) more than 100 combined items per month (combined items include deposits processed, items deposited and checks paid) or 2.) more than $2,500 in coin and/or currency are deposited or furnished per month. If the Bank does decide to convert your account, you will be notified in advance and provided information regarding the benefits associated with your new account type.
‡ Combined balance shall be defined as follows: When used for service charge purposes, "combined balance" means the average monthly balance of the primary checking account, together with the combined current balances (determined on the statement date of the primary checking account) in all other business deposit and loan accounts.