The Bank of Commerce
Deposit Accounts

Checking Accounts

Business Checking

Type of Account Minimum to open Minimum balance to avoid Service Charge Monthly Service Charge Interest Earned Check Images in statement
Business Checking $100 $100 $7 if balance falls below $100 N/A Yes
Now
Checking
+
$500 $500 $7 if balance falls below $500 Paid monthly on collected balance Yes
Money Market ** $2500 $2500 $7 if balance falls below $2500 Paid monthly on collected balance Yes
Features: Visa® Debit Card - convenience of a credit card, but debits your checking account and is accepted everywhere VISA is accepted.
Online Banking - Online account access with the ability to view check images up to 18 months and transfer funds anytime.
Online E-Statements - Safe and secure method to receive statements online.
Mobile Banking - Banking from your cell phone - anytime, anywhere.
Bill Pay on business accounts (includes DBA's) - Conveniently pay bills online, anytime for a small monthly fee.
24 hour TelXpress - allows you to access your accounts by phone 24/7.
 
Other Related Charges:

$31 Overdraft Fee per item
$31 Returned Item Fee per item
21% Interest on Overdraft (non-consumer accounts only)
$25 Stop Payment per item
$40 Stop Payment Fee - For Recurring
Electronic Payments
 

$5 Transfer charge to cover overdraft
$15 Collection item
$1 Account activity printout
$25 Per hour for research/minimum charge $25/plus $1 per copy over 50

Business Checking

Non-Interest Bearing Account

At The Bank of Commerce, you don't need to maintain a large balance just because you have a business. Business Accounts are treated the same as Regular Checking Accounts.

  • Minimum to open account is $100.00
  • No service charge when a $100.00 balance is maintained every day of the statement cycle *
  • Unlimited check writing
  • Check images returned with statements
  • Check images available online

*Some business accounts may be subject to analysis, which may result in a monthly fee. Call or come in and see a customer service representative for details.

Now Account

Interest Bearing Account

By maintaining a $500 minimum balance in a NOW Account, you can earn interest and avoid a monthly service charge. NOW Accounts are available for individuals, non-profit organizations, sole proprietorships, philanthropic charitable, religious, political and government accounts.

  • Minimum to open account is $500.00
  • No service charge fee if $500.00 balance is maintained everyday of the statement cycle
  • $7.00 service charge fee if balance falls below $500.00 any day of the statement cycle
  • Interest paid on the collected balance
  • Interest is compounded daily and paid monthly
  • Check images returned with statements
     

Money Market Account

Interest Bearing Account

Any individual or business qualifies for a Money Market Account, which allows you flexibility and competitive interest rates. Many people use this account for their operating funds, then transfer into a regular checking account at bill-paying time. Fees can reduce the earnings on this account.

  • Minimum to open account is $2500.00
  • No service charge when a $2500.00 minimum balance is maintained every day of the statement cycle
  • Money Market rates paid on an escalating scale - the more you deposit, the more you earn
  • Regulatory withdrawal restrictions apply**
  • Check images returned with statements
  • Check images available online
  •  

**Savings Account and Money Market restricted transactions

Federal Regulation D allows an unlimited number of withdrawals from your account in person, by ATM, or by mail or messenger. However, this regulation limits the number of transfers you may make from a Savings Account or Money Market Account. No more than six transfers can be made during each calendar month for Savings and each statement cycle for Money Market Accounts by check, draft, debit card, pre-authorized transfer, automatic transfer, or telephone transfer (including data transmission by computer or other electronic devices). If the above limits are exceeded three (3) times in a twelve (12)-month period, the account may be subject to closure or reclassification. For the purposes of the transaction limitation, we count checks as of the date we post them to your account, not as of the date you write them.

Disclaimer for New Accounts applications and Loan applications

New Account Finalization Procedure

The Bank of Commerce is a "Community Bank" located in Eastern Idaho with headquarters in Idaho Falls. Because of the local nature of our bank, we request that all new account applicants come into one of our local branches and meet our friendly staff to finalize your new account or loan.

Certain disclosures are provided at the time that you open your account. All deposit accounts are subject to but not limited to the following:

These disclosures are also available prior to opening an account or at any time and will be provided to you by contacting us.

 
FDIC Equal Housing Lender