|
NOW Commercial1
|
Business
Checking
|
Basic
Business Checking
|
Smart
Business Checking
|
Small
Business Checking
|
| Designed
for |
| • Sole
proprietors or non-profit organizations who want to
earn interest, and have a low volume of account activity |
• Businesses
with a low volume of account activity and cash handling
requirement 3 |
• Businesses
with a low volume of account activity 3 |
• Businesses
with moderate account activity and a lower daily balance 3 |
• Businesses
with moderate account activity and limited cash handling
requirement 3 |
| Minimum opening
deposit |
| • $1,000 |
• $200 |
• $200 |
• $200 |
• $200 |
| Minimum daily
balance to obtain APY2 |
| • $1,000 |
• N/A |
• N/A |
• N/A |
• N/A |
| Minimum daily
balance to waive maintenance charge |
| • $1,000 |
• N/A |
• N/A |
• $2,000 |
• $5,000 |
| Monthly maintenance
charge |
| • $7.50 |
• $5
plus $0.25 per check and/or debit, minus earnings credit
on balances 4, if any |
• $0 |
• $10 |
• $20 |
| Per item
charge |
| • $0.20
per check and/or debit (if daily balance falls below
$1,000) |
• $0.25
per check and/or debit (see above) |
• $0.25
per check and/or debit in excess of 100 items (regardless
of balance maintained) |
• $0.25
per check and/or debit in excess of 200 items (regardless
of balance maintained) |
• $0.20
per check and/or debit in excess of 300 items (if daily
balance falls below $5,000) |
| Outstanding
features |
• Interest
earning
• Low monthly maintenance charge
• Low minimum daily balance requirement |
• Low
monthly maintenance charge
• Maintenance charge can be offset by earnings credit on balances |
• No
monthly maintenance charge
• No minimum daily balance requirement |
• Low
per item charge for moderate account activity
• Low minimum daily balance requirement |
• Low
opening deposit
• Low per item charge for moderate account activity
• limited cash handling |
1 Now
commercial available in CA, WA and TX only.
2 Call us for current Annual Percentage
Yield at: 1-800-9CATHAY or visit our website at
www.cathaybank.com
3 If account activity
is consistently high, with prior
notice, account may be converted
to the Analyzed Business Checking.
4 An earnings credit
of $0.25 per $100 of minimum daily
balance maintained, in excess of
the required minimum daily balance
is $1,000. Earnings credit is based
on the lowest daily balance of
the month. |
Checking
