Far East National Bank offers accounts geared to the needs of all businesses. We are committed to building long-term banking relationships by meeting your company's financial needs with quality products and exceptional personal service.
Checking Account Comparison
| Account Type |
Basic Business Checking
|
Business Checking |
Business NOW Checking 3
|
| Bank the way you want to. |
A checking account with no minimum balance for businesses with low activity. | A checking account that offers the flexibility of doing business via a branch, ATM, or online. |
An interest-bearing checking account with a low minimum opening deposit
|
| Minimum opening deposit |
$100 | $500
|
$2,000 |
| Interest calculation |
•Non-interest
bearing
|
•Non-interest
bearing |
•Variable
rates 4 |
| Minimum daily balance to avoid monthly service & per item charges |
None | $2,500
|
$2,500 |
| Monthly service charge |
$0 | $10
|
$10
|
| Per item fee |
$0.25
per transaction over 80 debits or 100 credits
|
$0.20
per debit |
$0.20
per debit |
| Statement |
Monthly | Monthly |
Monthly |
| Outstanding features |
•No
minimum balance requirement |
•Low
minimum balance requirement |
•Unlimited
check writing |
1. A business savings or business money market is required to open the Basic Business Checking account. the FENB Premium Business Savings account does not meet this requirement. |
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2. Limited to eBanking access only. First 20 bill payments per statement cycle are free. A fee of $0.40 applies to each additonal payment. Standard and Premium Internet Banking services require additional fees. |
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| 3. Only available for
sole-proprietorships and non-profit organizations.
|
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4. Interest
rates may change from time to time without prior notice.
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| Account Type |
Minimum Opening Deposit |
Minimum Balance to Obtain Annual Pecentage
Yield
|
Interest Rate |
Annual Percentage Yield* |
| Business Checking |
$500 |
N/A |
N/A |
N/A |
| Business Now Checking |
$2,000 |
$2,000 |
0.50% |
0.50% |
| Updated
on: 05/6/08
|
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|
|
|
| *APY - Annual Percentage
Yield. APY is accurate as of the updated date referenced above.
Rates are subject to change without notice. Fees could reduce
earnings on the account. Please check with our branches for updated
account information including our list of miscellaneous fees and
charges.
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