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Business

Business Checking & Savings Options

Business Options

Choose your style Small Business Account Business Account Non-Profit Account Business Escrow Account Money Market Premier Money Market General Savings
Minimum opening deposit $50.00 $50.00 $0.00 $0.00 $0.00 $0.00 $0.00
Minimum to waive monthly service charge $2,500 Avg. Collected Balance $10,000 Avg. Collected Balance $0.00 $0.00 $2,500.00 $10,000.00 $100.00
Monthly service charge $10.00 $20.00 $0.00 $0.00 $10.00 $10.00 $3.00 per quarter
Add'l transaction limits and fees 200 items processed at no charge, $.40 per item over 200 500 items processed at no charge, $.50 per item over 500 150 items processed at no charge, $.40 per item over 150 Unlimited items, requires a related Checking Acct.      
Earns Interest None None None None Yes, Tiered Yes, Tiered Yes
Minimum balance to earn interest         $2,500.00 $10,000.00 $100.00
Limited number of withdrawals None None None None 6 per month 6 per month 6 per quarter
Excess withdrawal fee None None None None $5 per excess withdrawal $5 per excess withdrawal $1 per excess withdrawal
Statement type (may combine multiple accounts) E-statement or paper E-statement or paper E-statement or paper E-statement E-statement or paper E-statement or paper E-statement or paper

Added Free Services

Choose your style Small Business Account Business Account Non-Profit Account Business Escrow Account Money Market Premier Money Market General Savings
Debit card Instant issue Instant issue Instant issue   Instant issue Instant issue With Checking
Fraud protection Card Sentry Card Sentry Card Sentry   Card Sentry Card Sentry Card Sentry
Online Banking Available Available Available Available Available Available Available
Online Bill Pay Available Available Available Available Available Available Available
Mobile App with Remote Deposit Based on account type Based on account type Based on account type Based on account type Based on account type Based on account type Based on account type
Online Money Management My Money My Money My Money My Money My Money My Money My Money

Optional add on services

Choose your style Small Business Account Business Account Non-Profit Account Business Escrow Account Money Market Premier Money Market General Savings
Credit Card Processing Available Available Available        
ACH Processing Available Available Available        
Remote Deposit Capture Available Available Available        

Simplify your banking so that you can focus on running your business.


Small Business Checking

Maintain an average collected balance of $2,500 or more to waive the $10.00 Service Charge.

Features:

  • 200 items processed at no charge.
  • Additional items processed are $.40 per item.
  • Access to Your Account 24/7 with Free Internet Banking and Online Bill Pay offering My Money, a Personal Financial Management Tool.
  • Access to Your Account 24/7 with Free Mobile Banking.
  • Free E-Statement and Free E-Notices Available.

If your small business has grown and you typically have more than 200 items, you may find that upgrading to our Business Checking will save you money.


Business Checking

Maintain an average collected balance of $10,000 or more to waive the $20.00 Service Charge.

Features:

  • 500 items processed at no charge.
  • Additional items processed are $.50 per item.
  • Access to Your Account 24/7 with Free Internet Banking with Online Bill Pay featuring My Money, a Personal Financial Management Tool.
  • Access to Your Account 24/7 with Free Mobile Banking.
  • Free E-Statement and Free E-Notices Available.

The money-saving features of our non-profit business checking allow you to focus your resources where it makes a difference.


Non-Profit Checking

Features:

  • No Minimum Deposit to Open or Maintain
  • No Monthly Service Fee
  • No per item fee for the first 150 items, $.40 per item over 150 items
  • Access to Your Account 24/7 with Free Internet Banking with Online Bill Pay featuring My Money, a Personal Financial Management Tool.
  • Free E-Statement and Free E-Notices Available.

Higher Volume Non-Profit Accounts may benefit more from one of our other business accounts. We can help you choose the best fit for your organization.

Our options for Savings Solutions are designed to fit your personal or business savings needs.


Premier Market Account

Tiered interest rates are offered with our Premier Money Market Account when you maintain a daily balance of $10,000 or more, which also waive the $10.00 monthly service charge.


Money Market Account

Maintaining a daily balance of $2,500 or more earns interest at the prevailing Money Market Account rate and waives the $10.00 monthly service charge.

  • Both Money Market Accounts are limited to six withdrawals per month.
  • A $5 per excess withdrawal fee is charged is the limit is exceeded.

Savings

Maintaining a daily balance of $100 or more will waive the $3.00 quarterly service charge and allow the account to earn interest.

  • This savings account limits withdrawals to six per quarter
  • A $1 per excess withdrawal fee is charged if the limit is exceeded.

More Beneficial Banking Solutions

  • Local Credit Card Services Representation
  • Commercial or Small Business Loans
  • Commercial Real Estate Loans
  • Business Debit Cards and/or Credit Cards
  • On-line Check Images
  • Free notary, fax and photo coping services

Ask about our Bluegrass Employee Advantage-Employee Benefits Program

Disclosure of Account Terms:

The following applies to all interest bearing accounts - We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain the minimum balance in the account each day to obtain the disclosed annual percentage yield. The interest rate and annual percentage yield will depend upon the daily balance in the account as shown on the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account weekly. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (ex: checks). Interest is compounded monthly and is credited to the account monthly. Interest on savings is compounded and credited quarterly. If the account is closed before interest is credited you will not receive the accrued interest.

The following also applies to Premier and Money Market accounts - You may make six (6) transfers from your account each four (4) week or similar period by check, debit card or similar order including by preauthorized or automatic transfer, or by telephone (including data transmission) agreement, or instruction to third parties. Transfers or withdrawals made to another account of the same depositor at the same bank, if made by preauthorized or automatic transfer, telephone (including data transmission) agreement or instruction are also included.

Reg. GG Account Disclosure - (Unlawful Internet Gambling Enforcement Act Policy Disclosure) June 1, 2010-In accordance with the requirements of the Unlawful Internet Gambling Enforcement Act of 2006 and Regulation GG, this notification is to inform you that restricted transactions are prohibited from being processed through your account or relationship with our institution. Restricted transactions are transactions in which a person accepts credit, funds, instruments or other proceeds from another person in connection with unlawful internet gambling.