Business Resource Management Checking

Our Business Resource Management checking account is a powerful cash management tool that provides every Business Checking, Business Analyzed Checking, Sole Proprietor Checking, and Non-Profit Checking account holder an opportunity to increase the interest earned on idle funds. The rates earned on this account are very aggressive, often surpassing those rates offered by the larger money center banks. As an additional enhancement, the interest earned on this account increases with the balances maintained, pursuant to the following chart:

Features

• $10 monthly fee
• Eligibility: All
• Interest Bearing*
• Up to 6 (Total) transactions per month¹
• Unlimited "Over-the-Counter" Transactions
• Check Images returned with statement
• Overdraft/Sweep available²
• Armored Car Service available³
• Free Telephone Banking
• Free Internet Banking⁴

Notes

• Minimum to open: $1,000
• Minimum to avoid fee: $5,000

1. You may only make 6 (six) transfers from your account each statement cycle - transfers by checks to third parties, ACH or other third party transfers may not exceed 3 (three). 
2. $5 per sweep
3. Prices vary with market
4. No setup or monthly charge. Optional Bill Pay service cannot be used with this account

Are there any Limitations on this account? Can I use it as my primary checking account?

Unfortunately, no. Peoples First is able to offer these competitive rates due to the fact that this is a limited activity account offered only as an enhancement to existing account holders. Think of this account as a convenient mechanism to earn interest on idle funds without going through the hassles of opening Certificates of Deposit. Some of the product highlights are shown below:

• Very competitive yield, increasing with the size of the account
• Up to three checks written per month
• Up to six total pre-authorized, telephone, or facsimile transfers. Three of these transfers may be in the form of a check.
• Unlimited in person transfers at no charge
• No monthly service charge with minimum balance
• No complicated "sweep agreements" or uncertain yield
• Federally insured up to $100,000
• Free imaged statements, along with free binder to reorganize your monthly statements
• 24-Hour Easy Access automated phone system to obtain balance, deposit, or check information

I Like the Concept. How do I open a Business Resource Management Account?

Opening a Business Resource Management checking account is simple. Just call your nearest banking center or stop by at your convenience. We will obtain most of the necessary information from your existing account. Please keep in mind that this is a companion account intended as an enhancement those account holders who already maintain a Business Checking, Business Analyzed Checking, Sole Proprietor Checking, or Non-Profit Checking account with Peoples First. Please keep in mind that on all accounts, including Business Resource Management, information is subject to verification through ChexSystems.