Business Checking

Expanded Business Accounts
(effective May 1, 2006)

Business
Accounts
Basic
Business
Basic
Business Plus
(Sole Proprietorship)
Premium
Business
Premium
Business Plus
(Sole Proprietorship)
Example of Business Service
Charge Calculation
Step 1
Monthly Maintenance Fee $5.00
Per Debit Fee (Checks Written)  25x.12 $3.00
Deposit Items  38x.05 $1.90
Return Deposit Items  1x$3.00 $3.00
Total Charges $12.90
Step 2
Average Collect Balance $2,478.77
Less Reserve Deduction (3.00%) ($72.86)
Average Collected Balance $2,355.91
Credit Calculation
Average Collected Balance ($2,355.91) x Variable Rate
(3.00%) x # of days in statement cycle ÷ by number of
days in year (365)
Total Credit $5.81
Total Charges less Total Credit = Service Charge of $7.09
*Variable Rate is subject to change without notice

Minimum
Balance
None $1,000 None $1,000
Monthly
Maintenance
Fee
None None $5.00 $5.00
Interest None Tiers
$1,000-$2,499
$2,500-$24,999
Above $25,000
None Tiers
$1,000-$2,499
$2,500-$24,999
Above $25,000
Per
Debit
Fee
None

If more than 50 items
20¢ per item

None

If more than 50 items
20¢ per item

12¢ 12¢
Deposit
Items
None

If more than 75 items
20¢ per item

None

If more than 75 items
20¢ per item

Reserve
Deduction
N/A N/A 3.00% 3.00%
Return
Deposit
Item
$3.00 per item $3.00 per item $3.00 per item $3.00 per item
Credit
Collected
Balance
N/A N/A Variable Rate* Variable Rate*
Special
Features
Image Statement Image Statement Image Statement Image Statement
Additional Business Account Services Available
  • ACH Payroll Origination
  • Wire Transfers
    Domestic
    International
  • Corporate Visa Accounts
  • Loans
    Lines of Credit
    Term
    Real Estate
  • Notary Service
    • Internet Banking
    • Instant Cash & Check Cards
    • Night Depository
    • Cash Management
    • Merchant Visa
    A Note on Image Statements
    Nicollet County Bank is proud to offer the latest in technology by automatically imaging all checks! The check images are printed in numerical order on 8 1/2" x 11" pages for customer convenience. The statements are pre-punched, and ready to be stored in the hardcover binder, provided free of charge.

    Personal Checking Accounts

    Business Checking Accounts

    New Custom Checks... Gustavus Adolphus, Saint Peter Public Schools, NCB Logo