![[bgimage]](https://www.texasgulfbank.com/wp-content/themes/texas-gulf-bank/assets/images/background-image.jpg)
| COMMERCIAL CHECKING | GULF STAR NOW | PORTSIDE BUSINESS CHECKING | GULF STREAM MONEY MARKET | |
|---|---|---|---|---|
| Average Daily Balance to Avoid Monthly Maintenance Fees | N/A | N/A | N/A | $2,500.00 |
| Interest Rate Structure | N/A | May be adjusted to be competitive with market rates/$2500.00 minimum daily balance to earn interest. | N/A | May be adjusted to be competitive with market rates. Tiered rates apply ($00.01, $40,000.00, $100,000.00, $500,000.00 & $1,000,000.00 minimums to earn interest); see Investment Rate Index. |
| Minimum Opening Deposit | $300.00 | $300.00 | $100.00 | $300.00 |
| Monthly Maintenance Fees | TBD using Account Analysis. Please see additional information in the section below. | TBD using Account Analysis, except account not eligible for offset by compensating balances. Please see additional information in the section below. | $7.00 125 free items/month (deposits, checks/debits, deposited items) $.25/item after 125 (does not include electronic funds transfers) | N/C if average daily balance remains $2,500.00 or over. If under $2,500.00 see Commercial Account Analysis, except account not eligible for offset by compensating balances. |
| Other Fees Which May Apply | See Details | See Details | See Details | See Details |
| Additional Info | See Details | See Details | ||
| Statement | Monthly | Monthly | Monthly | Monthly |
| Withdrawals | Unlimited | Unlimited | Unlimited | We prohibit transfers to third parties by POS (Point of Sale). No other transaction limitations apply to this account. |
Additional Information
Commercial Account Analysis allows for monthly maintenance fees, transaction fees and other components of the monthly activity cost to be offset by compensatory balances. Your monthly earnings credit is determined by your account’s average collected balance, multiplying it by the earnings credit rate* and the number of days in the statement cycle and then dividing that number by 365 days. Your account will not be debited a monthly maintenance fee for the month if your monthly earnings credit is larger than your account’s monthly activity costs. If the monthly activity cost is greater than the monthly earnings credit, the difference is your monthly maintenance fee. Commercial Account Analysis is used on all Texas Gulf Bank business checking accounts with the exception of the Portside account; however, please note that only non-interest-bearing accounts are eligible for an earnings credit offset.
*The Earnings Credit Rate for Commercial Account Analysis is based on Texas Gulf Bank’s Cost of Funds and is subject to change at any time at the bank’s discretion. Earning’s Credit Rate is determined by Texas Gulf Bank, N.A. and is set each month based on current market conditions. You may call us at (800) 467-7216 for the current Earnings Credit Rate. The interest rate as well as the rate index used in the calculation may change at any time at bank’s discretion. (average collected balance X earnings credit rate X number of days in statement cycle) / 365 = monthly earnings credit). Additionally, National Prime interest rate will be charged each day of the monthly statement cycle that you have a negative average collected balance and will be included in the miscellaneous service charge. (The amount of the negative average collected balance for the monthly statement cycle will be multiplied by the National Prime interest rate [Wall Street Journal /WSJ Prime Rate as of the first of the month] and that product multiplied by the number of days in the statement cycle, then divided by 365.) You may contact the bank for the current National Prime interest rate. The interest rate as well as the rate index used in the calculation may change at any time at the bank’s discretion.
Commercial Account Analysis Monthly Activity Cost = The Sum of the Following Fees:
| Maintenance Fee | $15.00 |
| Number of checks/debits | $0.15 each |
| Number of electronic debits | $0.12 each |
| Number of deposits | $0.25 each |
| Number of electronic credits | $0.12 each |
| Number of deposited items | $0.10 each |
| Miscellaneous Services | Fees Vary |
Business Fee Schedule
Business Debit Card
| Balance Inquiry at ATM Locations we do not own or operate | $2.00 each (Note: ATM Withdrawals cannot be made using Business Debit Cards) |
| Replacement Cards | $5.00 each |
| Change Personal Identification Number (PIN) | No fee |
Overdrafts/Non-Sufficient Funds
The categories of transactions for which an overdraft fee or NSF fee may be imposed are those by any of the following means: check, in-person withdrawal or transfer, or by electronic means, excluding one-time debit card transactions.
| Overdraft paid item fee | $30.00 each |
| Non-sufficient funds (NSF) return item fee | $30.00 each |
| Courtesy Threshold | We do not charge an overdraft or NSF fee for de minimis transaction amounts ($5.00 or less) |
| Temporary Checks (limit 12) | $0.50 each |
| Cashier's Checks - Customer | $3.00 each |
| Money Orders - Customer | $2.00 each |
| Non-customer check cashing | greater of $8.50 or 1% of check |
| Chargeback/Returns Fee | $10.00 each |
| Garnishments, Subpoenas, Levies | $25.00 each, plus attorney fees |
| Account Activity Printout | $3.00 each |
| Special Statement Cutoff | $5.00 each |
| Activity inquiry (no charge for Q-Line Automated Phone Banking) | $3.00 each |
| Account Reconcilement | $30.00 per hour; minimum 1/2 hour |
| Research | $30.00 per hour; minimum 1/2 hour |
| Account Requiring Multiple or Conditional Signatures | $25.00 per month, per account |
| Balance inquiry (no charge for Q-Line Automated Phone Banking) | $2.00 each |
Online Banking
| Online Banking | No fee |
| Online Banking with Bill Pay | No fee |
| Mobile Banking* | *Depending on your mobile service provider, you may be charged web access rates, data transfer fees or standard text messaging rates. Check with your wireless provider for details on your specific plan. |
MasterCard®/VISA®* (Merchant Card Services), if approved
A third-party provider approves the application and negotiates the rates associated with the services.
| $50.00 setup |
| Telephone Transfer (no charge for Q-Line Automated Phone Banking) | $5.00 each |
| Stop Payments | $30.00 each item |
| Non-Time Accounts Closed Within 30 Days of Opening | $15.00 each |
Domestic Wire Transfers
| Customer - incoming | $5.00 each |
| Customer - outgoing | $25.00 each |
Foreign Wire Transfers
| Customer - incoming | $10.00 each |
| Customer - outgoing | $35.00 each plus correspondent bank wire charges |
Dealer Drafts
| Incoming and Outgoing | $10.00 each |
Collections
| Customer - incoming | $10.00 each |
| Customer - outgoing | $12.00 each |
| Coupon Books (replacement) | $10.00 each |
| Amortization Schedule | $10.00 each |
Zipper Bags
| Small | $5.00 each |
| Large | $7.00 each |
| Night Depository Lock Bags | $20.00 each |
| Strapped Currency | $0.35 per strap |
| Rolled Coins | $0.25 per roll |
| Deposit Corrections | $2.00 each |
Photocopies
| Customer | $0.25 each page |
| Non Customer | $0.50 each page |
Safe Deposit Boxes
(annual rental - prices vary by size and location)
| Key deposit | $25.00 per box |
| Box drilling | $50.00 plus vendor's charges |
Positive Pay
| Positive Pay Setup Fee | As of 7/01/2022, $25.00 |
| Monthly Fee | $50.00 per month |
| Exception/Non-Uploaded Items | $2.00 each (AS OF 7/1/2022, $4.00 each) |
ACH
| Setup Fee | $25.00 each |
| ACH Files 1-25 | $15.00 per month |
| ACH Files 26-300 | $30.00 per month |
| ACH Files 300+ | $60.00 per month |
| Per ACH File | $0.10 each |
| ACH Returns | $10.00 each |
Remote Deposit Capture
| Setup Fee | $25.00 each |
| Monthly Fee (>/= 60 checks deposited per month) | $50.00 per month |
| Monthly Fee (<60 checks deposited per month) | $30.00 per month |
| Deposited Items | $0.10 each |
Lockbox
| Setup Fee | $25.00 each |
| Monthly Fee | Fees vary based on your business needs. Call for specific pricing (800) 467-7216 |
| Transaction Fee | $0.10 each |
Treasury Service Online Wires-Monthly Fee
| Fees vary based on your business needs. Call for specific pricing (800) 467-7216 |
*MasterCard® is a registered trademark of Mastercard International Incorporated and VISA® is a registered trademark of Visa International Service Association
Note: Except as shown below*, deposits made during our business hours (of the branch where the deposit is made) will be posted the same day. Business hours vary from location to location and may be found in the Location Guide of our website.
*Deposits made to your account via debit card must be received by 2:00 P.M. CST to be reflected in your balance that same business day. Deposits made through Remote Deposit Capture or Mobile Deposit must be completed before 5:00 P.M. CST to be reflected in your balance that same business day. Transfers made using TGB Online/Mobile Banking or Q-Line Automated Phone Service before 8:00 P.M. CST will be reflected in your balance that same business day. Transfers or deposits made after the cut-off times shown, or on a Saturday, Sunday, or Federal holiday, will be reflected in your balance on the next business day we are open. More detailed information is available upon request. Contact us at 1-800-467-7216.
Gulf Star NOW (Non-Profit Organizations and Sole Proprietorships Only) - Additional Information
Checking With Interest Accounts are variable rate accounts with rates subject to change at any time at the bank's discretion. Interest Calculations are compounded and credited monthly on the daily collected balance. Interest will be credited to account on each statement cycle date.
Money Market Accounts - Additional Information
Money Markets accounts are variable rate accounts with rates subject to change at any time at the bank's discretion. Interest calculations are compounded and credited monthly on the daily collected balance. Interest on Money Market Accounts will be credited to the account on each statement cycle date. We prohibit transfers to third parties by POS (Point of Sale); this also includes TGB Debit Card payments made via Mobile Pay Apps/Mobile Wallets. No other transaction limits apply to this account.