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Business Checking

Small Business Checking

Ideal for small businesses with a low number of account transactions.

  • $100 minimum to open account
  • No monthly maintenance fee with $750 minimum daily balance
  • No activity fee on first 100 debit transactions
  • $10 monthly maintenance fee if daily balance goes below $750
  • $0.30 per debit for debit transactions exceeding 100

Colony Commercial Checking

Designed for businesses with a larger volume of account transactions.

  • $100 minimum to open account
  • $10 monthly maintenance fee
  • Detailed monthly analysis statement for monitoring account activity
  • Analysis charges based on monthly activity ($.50 per credit, $.10 per item deposited, $.10 per debit)
  • Earnings credit (based on the daily collected balance less 10% reserve) may offset, in part or in full, the fees/charges
  • Unlimited monthly transactions

Business Regular Savings

  • $100 minimum to open account
  • Earns interest on average daily balance
  • Interest is credited quarterly
  • No monthly maintenance fee with minimum daily balance of $100 during the month
  • $5.00 monthly maintenance fee if daily balance goes below $100 during the month
  • Six free withdrawals per month
  • $3.00 fee for each withdrawal in excess of six per month*

 

*Federal Regulation and our deposit agreement permit or authorize no more than six transfers and withdrawals, or a combination of such transfers and withdrawals, per monthly statement cycle for a money market or savings account. The transfers and withdrawals limit applies to those made to another account, including your transaction account at Colony Bank or to a third party by means of a preauthorized or automatic transfer, or telephonic (telephone/PC) order or instruction, or by check, draft, debit card, or similar order made by you and payable to third parties. A preauthorized transfer includes any arrangement by Colony Bank to a third party form your account upon written or oral instruction, including an order received through an automated clearing house (ACH) or any arrangement by Colony Bank to pay a third party at a predetermined time or on a fixed schedule (e.g. bill payment). Unlimited transfers and withdrawals may be made by mail, messenger, and automated teller machine (ATM), in person, or by withdrawals made by telephone (via check mailed to you) under an arrangement that - Permits transfers for the purpose of repaying loans and associated expenses at Colony Bank; Permits transfers of funds from the money market/savings account to another of your accounts at Colony Bank; or Permits withdrawals (payments directly to you) from the money market/savings accounts. Unlimited withdrawals, deposits, and transfers can be made in person at Colony Bank's ATMs and banking locations.

Business Preferred Money Market

Perfect if you want a savings account with check writing capabilities.

  • $1,000 minimum to open account
  • Earns interest on a tiered format on average daily balance
  • No monthly maintenance or activity fee with minimum daily balance of $1,000 and less than six transfers and/or withdrawals
  • $7.50 monthly maintenance fee if daily balance goes below $1,000 during the month
  • $7.50 activity fee if transfers and/or withdrawals exceed six per month*
  • Interest is credited monthly

 

*Federal Regulation and our deposit agreement permit or authorize no more than six transfers and withdrawals, or a combination of such transfers and withdrawals, per monthly statement cycle for a money market or savings account. The transfers and withdrawals limit applies to those made to another account, including your transaction account at Colony Bank or to a third party by means of a preauthorized or automatic transfer, or telephonic (telephone/PC) order or instruction, or by check, draft, debit card, or similar order made by you and payable to third parties. A preauthorized transfer includes any arrangement by Colony Bank to a third party form your account upon written or oral instruction, including an order received through an automated clearing house (ACH) or any arrangement by Colony Bank to pay a third party at a predetermined time or on a fixed schedule (e.g. bill payment). Unlimited transfers and withdrawals may be made by mail, messenger, and automated teller machine (ATM), in person, or by withdrawals made by telephone (via check mailed to you) under an arrangement that - Permits transfers for the purpose of repaying loans and associated expenses at Colony Bank; Permits transfers of funds from the money market/savings account to another of your accounts at Colony Bank; or Permits withdrawals (payments directly to you) from the money market/savings accounts. Unlimited withdrawals, deposits, and transfers can be made in person at Colony Bank's ATMs and banking locations.

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