The Bank of Commerce
Deposit Accounts

Types of 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)

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
  • Check images returned with statements

Senior Account

Non Interest Bearing Account

At The Bank of Commerce, if age 62 or better, there are additional privileges with our Senior Account. You have the convenience of having your Social Security and other retirement checks deposited directly to your account.

  • No monthly minimum balance fee
  • No service charge fees per statement cycle
  • 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
  • Check images returned in statements

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
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Fees may reduce earnings on these accounts.

Money Market Account

Interest Bearing Account

Any individual or business qualifies for a Money Market Account, which allows you flexibility and competitive interest rate. 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 fee if $2500.00 balance is maintained every day of the statement cycle
  • $7.00 service charge fee if balance falls below $2500.00 any 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**
  • Each withdrawal or transfer in excess of the number allowed will be assessed a $10.00 Excess Transaction Fee.
  • Check images returned with statements
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Fees may reduce earnings on these accounts

**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