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Business Banking

Westbound Business Advantage

Westbound Business Advantage is an interest-bearing Money Market account suitable for all types of businesses.

*See Account Limitations

Account Features:

  • Tiered Interest Rates
  • E Statements
  • WESTLINE Access
  • Online Banking

Minimum Opening Balance: $500
Service Charge (Monthly): $12
Minimum Daily Balance required to Avoid Service Charge: $3000
Minimum Daily Balance Required to Earn Interest: $3000
Excess Withdrawal Fee: $20 for each additional transaction in excess of six.

**Method of Computation and Payment of Interest

Tiered Interest Rates: Higher rates for larger balances.

  • $3000.00 - $9999.99
  • $10.000.00 - 24,999.99
  • $25,000.00 - $49,999.00
  • $50,000.00 - $94,999.99
  • $95,000.00 - and over

* Account Limitations
The Federal Reserve Board's Regulation D allows this account to have six transfers or withdrawals, or a combination of such transfers and withdrawals, to another account of the depositor at the same institution or to a third party by means of a preauthorize or automatic transfer, or telephonic agreement, order or instruction, or by check, draft, debit card, or similar order made by the depositor and payable to third parties per statement cycle . An account with excessive transfer/withdrawals is subject to reclassification.

**Method of Computation and Payment of Interest
We use the daily balance method to calculate the interest on you account. This method applies a daily perodic rate to the principal in the account each day. On interest-bearing checking accounts, interest will be compounded and credited monthly. If you close your account before the interest is credited, you will receive the accrued interest. Interest begins to accrue no later than the business day you deposit non-cash items (for example, checks).