For businesses who want to earn credit for their balances. An earnings credit can be earned an applied to offset fees.
An earnings credit is applied to reduce or offset a monthly account maintenance fee and certain transaction fees
Addition to online banking. Designed to work as part of a suite of Hometown tools to best serve your business.
A negative balance service fee of 9% may be assessed against your account for drawing against funds that are not considered collected in accordance with the bank’s check collection schedule. A copy is available on request. An earnings credit allowance will be calculated in the amount of a .50% credit on an average collected balance after deducting a 10% reserve requirement. The earnings credit will be applied against the service fee per statement cycle.
*Rates are subject to change.