Deposits

SECURITY FIRST BANK offers a Business Checking Account designed to fit YOUR needs…whether you have a small business with just a few transactions or a large corporation processing thousands of transactions each month.

SECURITY FIRST BANK is committed to providing our customers the highest quality of personalized service using the latest technologies available.

Security Small Business Checking Account

• $100.00 Minimum opening deposit.
• No Monthly minimum balance.
• $1.00 Monthly maintenance fee.
• Write 10 checks free of charge per month.
• 10 Deposit items free of charge per month.
• $0.15 per check in excess of 10 checks per month.
• $0.15 per deposit item in excess of 10 items per month.
• Canceled checks/items are not returned with monthly statement.
• No Interest Earned.

Security Commercial Business Checking Account

• $100.00 Minimum opening deposit
• $1,500.00 Minimum balance precludes monthly maintenance fee of $10.00
• Canceled checks/items can be returned with monthly statement for $5.00 per month.
• Write 50 checks free of charge per month.
• 75 Deposit items free of charge per month.
• $0.15 per check in excess of 50 checks per month.
• $0.15 per deposit item in excess of 75 items per month.
• No Interest earned, except for qualified accounts.
• Offset activity expense with an earnings credit.

Security Premier Business Account

• $100.00 Minimum opening deposit.
• No Minimum balance.
• $5.00 per month maintenance fee.
• Canceled checks returned for $5.00 per month fee.
• $0.10 per deposited slip.
• $0.08 per checks deposited.
• $0.15 per checks/debits.
• Earnings applied based on 91-Day T-Bill rate to offset charges.
• 10% Negative credit.
• Non-interest bearing.
• Roll-up Analysis of multiple DDA Accounts.

OTHER ANALYSIS FACTORS AND DEFINITIONS

• Average Ledger Balance—The sum of the daily balance in the account, divided by the number of days in the month.
• Average Float—When a check is deposited to an account, it takes 1 to 2 days to collect the amount of the check from the institution it was drawn on. The Average Float is the daily average of the amount of these checks in process of collection.
• Average Available Balance—The Average Ledger Balance less Average Float
• Reserve Requirement—The Federal Reserve requires a percentage of all deposits be held in reserve. The amount held in reserve is not available for investment by the bank.
• Investable Balance—The Average Available Balance less Reserve Requirement. The Investable Balance represents the portion of an account’s balance that is available for the Bank to invest.
• Earnings Credit—The Earnings Credit is a non-cash credit calculated using the Investable Balance and the current Earnings Credit Rate. The Earnings Credit reduces the activity charge.
• Earnings Credit Rate—The Earnings Credit Rate is indexed to the prior month’s average 91-day Treasury bill auction rate.
• Negative Earnings Credit Rate—Negative Earnings Credit Rate is indexed to the Earnings Credit Rate and is assessed on days when the Average Balance is negative