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| Business Checking | Business NOW Checking | Analyzed Business Checking | |
|---|---|---|---|
| Best For: | Small to medium sized businesses with moderate transaction activity levels | Sole Proprietorships or non-profits with moderate transaction activity levels | Businesses who have multiple accounts with EH and want to take advantage of our premium services |
| Minimum opening deposit | $500 | $2,000 | N/A |
| Earns Interest | No | Yes, see Current Rates | Yes, see Current Rates |
| Monthly Service Fees | $15 / month | $15 / month | See Below |
| Service Fee Waived by | 1. Maintaining a minimum daily balance of $2,500 or 2. An average daily balance of $3,000 |
1. Maintaining a minimum daily balance of $2,500 or 2. An average daily balance of $3,000 |
Charges to this account are based on the offset of services rendered by the account earnings credits for the month. |
| Account features |
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| Monthly Transaction Levels | First 150 checks or other debits per month no charge each check over 150 is $.30 per item. First 100 deposited items deposited per month no charge each item deposited over 100 is $.10 |
First 150 checks or other debits per month no charge each check over 150 is $.30 per item. First 100 deposited items deposited per month no charge each item deposited over 100 is $.10 |
Suits accounts with high volume needs |
| Open an Account today | Open an Account today | Open an Account today | |
Fees and withdrawals could reduce the earnings on accounts.
| Premium Business Money Market | Business Savings | IOLTA Account | Business Certificate of Deposit | |
|---|---|---|---|---|
| Best For: | Businesses who want to earn higher interest rates on higher balances and can limit transactions | Businesses who wish to consistently save money for unexpected expenses or special purchases | Legal professionals who need an account that meets the requirements set by the California State Bar | Businesses who wish to earn higher interest on funds that are deposited for fixed 3, 6 or 12 month terms |
| Minimum opening deposit | $ 1,000 | $ 2,500 | $ 2,000 | $ 10,000 |
| Monthly Service Fees | $20 / month | $10 / month | None | None |
| Service Fee Waived by | Maintaining a minimum daily balance of $10,000 | Maintaining a minimum daily balance of $2,500 | N/A | N/A |
| Earns Interest | Yes, See Current Rates | Yes, See Current Rates | Yes at least 68% of Fed Fund Target Rate | Yes, See Current Rates |
| How interest is paid | Compounds daily, posted at end of month | Compounds daily, posted at end of month | Compounds daily, posted at end of month, and remitted to state of California quarterly | Interest compounds daily and credits at maturity unless an interest disbursement instruction has been selected |
| Access to Funds | May have up to six (6) debits a month including checks per 4 week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, or instruction by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited. | Unlimited check writing privileges and deposits | Funds available after fixed 3, 6 or 12 month term has expired. A penalty may be imposed for early withdrawal | |
| Open an Account today | Open an Account today | Open an Account today | Open an Account today | |
