Business Accounts

Please contact a Sonora Bank Customer Service Representative for more information.

Rate Information – The interest rate and annual percentage yield may change at any time.

Compounding Frequency – Interest will be compounded daily.

Crediting Frequency – Interest will be credited into this account monthly.

Effect of closing an account – If you close your account before interest is credited; you will not receive the accrued interest.

Daily balance computation method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of interest on non-cash deposits – Interest will begin to accrue on the business day you deposit non-cash items (for example: checks) into your account.

Minimum balance to open – The minimum balance required to open this account is $1,000.00.

Minimum balance to avoid Maintenance Fee – A maintenance fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.

Limitations on frequency of transfers – During any monthly statement cycle, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction. No more than six transfers may be made by check, draft, debit card or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account may be subject to closure.

Fees and Charges – The following fees and charges apply to this account:

• Transaction Fee: A transaction fee of $3.00 will be charged for each debit transaction (excluding electronic transactions) in excess of six during a statement cycle.

Rate Information – The interest rate and annual percentage yield may change at any time.

Compounding Frequency – Interest will be compounded daily.

Crediting Frequency – Interest will be credited into this account quarterly.

Effect of closing an account – If you close your account before interest is credited; you will not receive the accrued interest.

Daily balance computation method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of interest on non-cash deposits – Interest will begin to accrue on the business day you deposit non-cash items (for example: checks) into your account.

Minimum balance to open – The minimum balance required to open this account is $25.00.

Minimum balance to avoid Maintenance Fee – A maintenance fee of $1.50 will be imposed every statement cycle if the balance in the account falls below $25.00 any day of the cycle.

Deposit Limitations – You may make an unlimited number of deposits into your account.

Limitations on frequency of transfers – During any monthly statement cycle, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction. No more than six transfers may be made by check, draft, debit card or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account may be subject to closure.

Fees and Charges – The following fees and charges apply to this account:

• Transaction Fee: A transaction charge fee of $1.00 will be charged for each debit transaction (excluding electronic transactions) in excess of six during a statement cycle.

New Deposit Insurance Limits
Each depositor is insured to at least $250,000.00.