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Business Checking Comparison Chart

COMMERCIAL CHECKINGCOMMERCIAL
NOW
BUSINESS
PORTSIDE CHECKING
COMMERCIAL
MONEY MARKET
Average Daily Balance to Avoid Monthly Maintenance FeesN/A$2,500.00$2,500.00$5,000.00
Interest Rate StructureN/AMay be adjusted to be competitive with market rates/$2500.00 minimum daily balance to earn interest.N/AMay 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 FeesTBD 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 ApplySee DetailsSee DetailsSee DetailsSee Details
Additional InfoSee DetailsSee DetailsSee Details
StatementMonthlyMonthlyMonthlyMonthly
WithdrawalsUnlimitedUnlimitedUnlimitedWe prohibit transfers to third parties by POS (Point of Sale). No other transaction limitations apply to this account, but Debit Fee may apply.
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 ServicesFees Vary
FDIC Assessment (if any)Fee Varies
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
Dollar limitations per day varies by Agreement and Bank Officer approval.
Saturday, Sunday, & Monday are treated as one processing day.

Consumer ATM/Debit Card (Sole Proprietorships Only)

ATM/Debit Card Monthly

$1.00 per month/per account
ATM not owned by Texas Gulf Bank
Balance Inquiries/Withdrawals:
Replacement Cards:

$2.00 each
$5.00 each
Change PIN (Personal Identification Number)No Fee
Dollar Limitations (ATM Card)
(Saturday, Sunday & Monday are treated as one processing day.
Cash withdrawals and point-of-sale transactions from all accounts per accountholder are combined for one $1,000.00 limitation.)
$1,000.00 per processing day

Dollar Limitations (Debit Card)
(Saturday, Sunday & Monday are treated as one processing day.
Cash withdrawals from ATM $1,000.00 and point-of-sale transactions $2,000.00. Cash withdrawals and point-of-sale transactions from all accounts per accountholder are combined for the $3,000.00 limitation.)
$3,000.00 per processing day


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 ThresholdWe do not charge an Overdraft Paid Item Fee or NSF Return Item Fee for de minimis transaction amounts ($5.00 or less)
No Representment FeesWe will only charge a single NSF Return Item Fee &/or Overdraft Paid Item Fee for multiple presentations of the same item

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 cashinggreater 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 BankingNo fee
Online Banking with Bill PayNo 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 FeeFees 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, but Debit Fee may apply. Note: $10.00 for each debit in excess of 10 per monthly statement cycle. (This fee not applicable to electronic payments, online banking/Q-Line transfers between your TGB accounts, or ATM withdrawals by Sole-Proprietorship using Consumer Debit Card.)