Checking Accounts
New Generation Checking
Non Interest Bearing Account
- No minimum balance required to open account
- No service charge fees per statement cycle
- Monthly statement (Check safekeeping)
- Check images available online
- Copies of checks available for $1.00 per copy
- No per item charge
- Free access to Online banking
- Free Bill Payment on consumer accounts
- Free and easy access to TeleXpress telephone banking
- VISA® Debit Card Available
If the account becomes dormant, it will be changed to a Regular Checking and fees may apply.
Businesses are not eligible for this account.
Regular Checking
Non Interest Bearing Account
Minimum to open account is $100.00
- No service charge fee if $100.00 balance is maintained every day of the statement cycle
- $7.00 service charge fee if balance falls below $100.00 any day of the statement cycle
- No per item charge
- Check images returned with statements
- Check images available online
- Free access to Online Banking
- Free Bill Payment on consumer accounts
- Free and easy access to TeleXpress telephone banking
- VISA® Debit Card Available
Senior Account
Non Interest Bearing Account
At the Bank of Commerce, if age 59 or better, there are additional privileges, such as a no fee checking account, complimentary Bank logo checks and three cashier's checks or three money orders per month with no issue fee. You have the convenience of having your Social Security and other retirement checks deposited directly to your account at no cost.
- No monthly minimum balance fee
- Complimentary Bank logo checks (limit of 2 boxes per calendar year)
- No issue fee on three Cashier's checks or three Money orders per month
- No fee for regular Traveler's Cheques (Minimal fee for Traveler's Cheques for two)
- Check images returned in statements
- Check images available online
- No per item charge
- Free access to Online Banking
- Free Bill Payment on consumer accounts
- Free and easy access to TeleXpress telephone banking
- VISA® Debit Card available
Super Now Account
Interest Bearing Account
By maintaining a $500.00 minimum balance in a Super NOW Account, you can earn interest and avoid a monthly service charge fee. If your balance drops below $500.00, there will be a $7.00 service charge fee for that statement cycle. Super NOW Accounts are available for individuals, non-profit organizations, and sole proprietorships.
- Minimum to open account is $500.00
- No service charge fee when a $500.00 minimum balance is maintained every statement cycle
- Interest paid on the collected balance
- Interest is compounded daily and paid monthly
- No per check charge
- Check images returned with statements
- Check images available online
- Free access to Online Banking
- Free Bill Payment on consumer accounts
- Free and easy access to TeleXpress telephone banking
- VISA® Debit Card available
Money Market Account
Interest Bearing Account
Any individual or business qualifies for a Money Market Account, which allows you flexibility and competitive interest rates. By maintaining a $2,500.00 balance every statement cycle, you can earn interest and avoid a $7.00 service charge fee. Many people use this account for their operating funds, then transfer into a regular checking account at bill-paying time. Interest is paid to the account on an escalating scale; the more money in the account, the higher the rate.
- Minimum to open account is $2,500.00
- No service chargefee when a $2,500.00 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
- Some restrictions apply to withdrawals**
- Image Checks returned with statements
- Check images available online
- Free access to Online Banking
- Free Bill Payment on consumer accounts
- Free and easy access to TeleXpress telephone banking
- VISA® Debit Card available
**Money Market restricted transactions:
Federal regulations limit the number of transfers from Money Market Accounts. No more than six transfers can be made during each thirty (30) - day statement cycle by pre-authorized transfer, automatic transfer or telephone transfer (including data transmission by computer or other electronic devices). Of these six (6) transfers, no more than three (3) may be made by check, draft, or debit card. By law, if the above limits are exceeded three (3) times in a (12) - month period, the account will be changed to a different type of account. For the purposes of the transaction limitation, we count Money Market checks as of the date we post them to the account, not the date they were written. An unlimited number of withdrawals may be made in person, by ATM, or by mail or messenger.
Health Savings Account
Interest Bearing Account
Are you covered under a high-deductible health plan? If so, a Health Savings Account might be just right for you. The following information will help you decide if you're eligible.
Deductibles and Out of Pocket Thresholds
- Deductibles for 2008 must be at least $1,100.00 for self only coverage. Family coverage is $2,200.00
- Your health plan policies' out of pocket expenses for 2008 must be more than $5,600.00 for self only coverage and $11,200.00 for family coverage
- Maximum contributions for 2008 includes up to the amount of your annual health plan deductible and cannot exceed $2,950.00 for self coverage and $5,800.00 for family coverage. Eligible for coverage on the first day of the month the deposit is for. Annual contribution limits must be pro-rated over the eligible months.
- Individuals age 55 or older and not enrolled in Medicare can contribute an additional $900.00 per year for 2008. Amounts could change annually, based on Cost of Living Adjustments.
Other Considerations
- You may not be eligible for a Health Savings Account if you are covered by another health plan, enrolled in Medicare or claimed as a dependent on another person's tax return. Also, if you receive prescription benefits prior to meeting your deductibles
Please click here for a printable Questionnaire to help determine your eligibility.
- Minimum to open account is $100.00
- No service charge fee when a $300.00 minimum balance is maintained every day of the statement cycle
- No per item charge
- Image Checks returned with statements
- Check images available online
- Free access to Online Banking
- Free Bill Payment on consumer accounts
- Free and easy access to TeleXpress telephone banking
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 by maintaining a $100.00 minimum balance, there is no monthly service charge.
- Minimum to open account is $100.00
- No service fee if $100.00 balance is maintained every day of the statement cycle*
- Unlimited check writing
- Check images returned with statements
- Check images available online
- Free access to Online Banking
- Free Bill Payment with a monthly Service Charge
- Free and easy access to TeleXpress telephone banking
- VISA® Business Debit Card Available
*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.
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:
- Truth in savings
- Funds Availability
- Electronic Transfers Rules
- Terms and Conditions
These disclosures are also available prior to opening an account or at any time and will be provided to you by contacting us.
