Commercial Accounts
The First Liberty National Bank offers three types of Commercial DDA accounts:
Small Business Accounts
Commercial Accounts with Account Analysis
Not-For-Profit Accounts
The Minimum Daily Balance will be used in determining the fees assessed for all types of Commercial Accounts.
Small Business Accounts: Small Business Accounts are defined as accounts with less than 50 items per statement cycle or less than 100 deposited items per month. These accounts will be charged a monthly fee based on a tiered balance structure:
Minimum Daily Balance Monthly Charge
$ 0.00 to $ 2,000.00 $10.00
$ 2000.01 to $10,000.00 7.50
$10,000.01 to $15,000.00 5.00
Above $15,000.00 0.00
Commercial Accounts with Account Analysis: For existing accounts which may qualify for Commercial Accounts with Account Analysis, the account will be monitored for three months before charging an analysis fee. The customer will be notified that the account is being monitored and will receive a copy of the analysis. The customer will be contacted by a Bank Representative to explain the analysis and to answer any questions.
For new accounts, the New Account Representative will explain the Bank's account analysis and provide a sample analysis. The customer will receive the analysis for two cycle periods before being charged.
Commercial Analysis Fees:
Account Maintenance $10.00 / month
Cash Collections $ 3.00
On-Us Items Deposited 2.500 cents
Foreign Items Deposited 3.500 cents
On-Us Checks 12.000 cents
Deposits 35.000 cents
ACH Debits 9.000 cents
ACH Credits 9.000 cents
Coin Rolls 10.000 cents
Bill Straps 10.000 cents
Earning Credit Rate Avg Fed Fund Rate
Uncollected Funds Rate Base Rate + 3.00%
Overdraft Rate Base Rate + 3.00%
Not-For-Profit Accounts: Proper documentation must be provided to qualify as a Not-For-Profit Account. No maintenance fee will be charged on the account; however, based on the accounts activity, the Bank retains the right to require account analysis.
Commercial NOW Accounts
Sole Proprietorships and some Not-For-Profit Accounts are the only commercial accounts which qualify for a Now Account.
These accounts will be charged a monthly fee based on a tiered balance structure:
Minimum Daily Balance Monthly Charge
$ 0.00 to $ 2,000.00 $12.00
$ 2,000.01 to $10,000.00 9.50
$10,000.01 to $15,000.00 7.00
Above $15,000.00 0.00
FLNB Overdraft Loan Account
Line of Credit for your protection from overdrafts. If the balance in your checking account is not sufficient to pay a check, money will be transferred from your loan, up to your limit, to prevent an overdraft and overdraft charge.
[Subject to Credit Approval]
FLNB Overdraft Protection
Automatic Transfer from a related deposit account.
If the balance in your checking account is not sufficient to pay a check, money can be transferred from another deposit account to prevent an overdraft and the related insufficient service charge. The cost of this service is $2.00 per transfer. Funds moving from a Savings Account is limited to six (6) transfers per month. [Not available for corporations and partnerships]
Overdraft Privilege Policy
- Read the complete Overdraft Protection Policy here
Money Market Accounts
Minimum Balance to Open $100.00
Average Daily Balance Monthly Charge
$0.00 to $499.99 $12.00
Above $500.00 0.00
Fee for each debit over 6 $10.00
You may make six (6) transfers from your account each month, but only three (3) may be by check, draft, debit card or similar order made to third parties.
If you need further information on our Commercial Accounts, please call our New Accounts Representatives, 936-336-6471 for Liberty Financial Center or 936-257-9700 for Dayton Financial Center or email us.