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| COMMERCIAL CHECKING | COMMERCIAL NOW | BUSINESS PORTSIDE CHECKING | COMMERCIAL MONEY MARKET | |
|---|---|---|---|---|
| Average Daily Balance to Avoid Monthly Maintenance Fees | N/A | $2,500.00 | $2,500.00 | $5,000.00 |
| 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 | $500.00 | $500.00 | $100.00 | $1,000.00 |
| Monthly Maintenance Fees | TBD using Account Analysis. Please see additional information in the section below. | A Maintenance Fee of $15.00 will be imposed for each monthly statement cycle that the Average Daily Balance for the monthly statement cycle falls below $2,500.00. The Average Daily Balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle. | A Maintenance Fee of $10.00 will be imposed for each monthly statement cycle that the Average Daily Balance for the monthly statement cycle falls below $2500.00. The Average Daily Balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle. | A Maintenance Fee of $15.00 will be imposed for each monthly statement cycle that the Average Daily Balance for the monthly statement cycle falls below $5,000.00. The Average Daily Balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle. |
| Other Fees Which May Apply | See Details | See Details | See Details | See Details |
| Additional Info | See Details | 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 (Account Analysis–Applicable to Commercial Checking Account Only)
Minimum to Open: $500.00
Commercial Account Analysis
Average Collected Balance
X *Earnings Credit Rate
X Number of Days in Statement Cycle
(Divided by) 365 = Monthly Earnings Credit
The sum of the following fees = Monthly Activity Cost:
Maintenance Fee of $20.00
plus number of Checks/Debits x $.15
plus number of Electronic Debits x $.12
plus number of Deposits x $.25
plus number of Electronic Credits x $.12
plus number of Deposited Items x $.10
plus FDIC Assessment**
plus Miscellaneous Services (including, but not limited to, Stop Payment Fees, Deposit Correction Fees, coin and currency
purchases, etc.)
FDIC Assessment (if any) Fee varies
= Monthly Activity Cost
If the Monthly Activity Cost is less than or equal to the Monthly Earnings Credit, there is no Service Charge for the month. If the Monthly Activity Cost is greater than the Monthly Earnings Credit, the difference is the monthly Service Charge. Earnings credits are not credited to an account nor carried forward to the next month.
Note: National Prime interest rate plus a margin will be charged on any negative Average Collected Balance for the monthly statement cycle and will be added to the monthly 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> plus a margin and that product will be multiplied by the number of days in the statement cycle, then divided by 365.) As of the Disclosure provision date, the interest rate plus the margin you will be charged is National Prime plus 2%. The interest rate, margin, and rate index used in the calculation may change at any time without notice at bank’s discretion. You may call us at (800) 467-7216 for the current National Prime interest rate, margin, and rate index.
*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 without notice at the bank’s discretion. Earnings 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 FDIC Assessment (if any) may change at any time without notice at bank’s discretion. You may call us at (800) 467-7216 for the current FDIC assessment charge.
SPECIAL INFORMATION REGARDING COMMERCIAL ACCOUNTS ON ACCOUNT ANALYSIS: Notwithstanding anything contained in the Commercial Account Agreement to the contrary: 1) modification of the interest rate (and the margin and rate index used to calculate the rate) charged on any negative Average Collected Balance for the monthly statement cycle;
2) modification of the Earnings Credit Rate (and rate index used to calculate the rate); and 3) modification of the FDIC Assessment rate shall not be considered an adverse change for which you would receive notice. The rate charged on any negative Average Collected Balance for the monthly statement cycle, Earnings Credit Rate, and FDIC Assessment rate (along with any margin or rate index used to calculate any of these) are subject to change on a daily basis at the bank’s discretion. They will be provided by the bank to you by calling the following phone number during bank’s operating hours: (800) 467-7216.
Commercial Account Analysis Monthly Activity Cost = The Sum of the Following Fees:
| Maintenance Fee | $20.00 |
| 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 |
| FDIC Assessment (if any) | Fee Varies |
Business Fee Schedule
Business Debit Card
| Balance Inquiry/Withdrawal 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 ATM transactions by Sole Proprietorships using Consumer Debit Card and 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) |
Miscellaneous Fees
| 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 |
| 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 | $50.00 per month, per account |
| Balance inquiry (no charge for Q-Line Automated Phone Banking) | $2.00 each |
| 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 |
| Coupon Books (replacement) | $10.00 each |
| Amortization Schedule | $10.00 each |
| Strapped Currency | $0.35 per strap |
| Rolled Coins | $0.25 per roll |
| Deposit Corrections | $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 |
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 |
Zipper & Lock Bags
| Small Zipper | $5.00 each |
| Large Zipper | $7.00 each |
| Night Depository Lock Bags | $20.00 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 (one-time fee) | $25.00 each |
| Monthly Fee | $50.00 per month |
| Exception/Non-Uploaded Items | $4.00 each |
ACH
| Origination Setup Fee (one-time fee) | $25.00 each |
| Origination Monthly Fee | $35.00 per month |
| Per ACH File | $0.10 each |
| ACH Returns | $10.00 each |
Remote Deposit Capture
| Setup Fee (one-time fee) | $25.00 each |
| Monthly Fee | $50.00 per month |
| Deposited Items | $0.10 each |
Lockbox
| Setup Fee (one-time 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 Services Online Wire Transfer Service
| Service Setup Fee (one- time fee) | $25.00 Each |
| Domestic Wire Transfers Only | $12.50 Each |
*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.
Commercial 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.