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Business Checking

No two businesses are alike. That’s why Texas Gulf Bank offers several business checking options to suit your unique company needs. Whatever programs you select, we’ll give you down-to-earth advice that makes good business sense.

Commercial Checking

Designed to meet the essential needs of any business, this account gives you unlimited check writing privileges and itemized reporting. Upon request, overdraft protection between accounts is available. This is the only account that uses Account Analysis, as described below.

Account Comparison Chart

Commercial Now

Available to non-profit organizations and sole proprietorships. Make your checking dollars work harder with our interest-bearing Commercial NOW Account.

Account Comparison Chart

Business Portside Checking

Designed specifically for sole proprietorships and small businesses with limited transaction activity, this account features a low balance to open and a small monthly maintenance fee.

Account Comparison Chart

Commercial Money Market

Our tiered Commercial Money Market Account allows you to earn a higher interest rate when you have higher amounts on deposit. This account is the perfect account for businesses that want the most from every deposit and easy access to funds. 

Account Comparison Chart  

Account Analysis Program (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 Miscellaneous Services (including, but not limited to, Stop Payment Fees, Deposit Correction Fees, coin and currency purchases, etc.)
plus FDIC Assessment (if any) Fees Vary**

= 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.

Increase Your Business’s Efficiency with Mobile Banking!

Not sure which business account is right for you?

Stop by any of our banking locations or give us a call.
We’ll set you up with an account that meets your business’ banking needs.