- Business Checking
- Business Advantage Account
- Business Advantage Plus
- NOW Accounts
- Insured Money Market Account
- Sweep Accounts
Dart Bank is committed to providing you with a business checking account tailored to fit your needs. You may open a Dart Bank business checking account with as little as a $50.00 minimum deposit—and, depending on the balance you maintain, you may be able to offset most or all service fees. Each month Dart Bank will calculate an annual earnings credit on the daily investable balance of your commercial account, and you will receive an earnings credit up to the amount of the service fees on the account.
Business Advantage Account
Our Advantage account offers:
- No minimum balance
- No monthly maintenance fee*
- 200 free transactions** (combination of debit and credit items deposited)
- Free business debit card with no annual fee upon approval
*A monthly fee is assessed if check images accompany statement. **Transactions over 200 debit/credit will be charged a per-item fee. Minimum opening deposit $50.
Business Advantage Plus
Business Advantage Plus Our Advantage Plus account offers:
- $15,000 minimum daily balance
- 500 free transactions per month*
- No monthly fee, if minimum balance is maintained**
- Free business debit card with no annual fee (upon approval)
The Business Advantage Plus is a great alternative for the business that has more monthly activity and keeps a balance of $15,000.00 or more in their account daily. This account allows 500 debit/credit items to process thru the account with no fees, when the daily minimum balance is maintained.
*If the daily minimum balance is not maintained for the entire statement cycle, there will be a per item fee for all transactions for the entire month.
**A monthly fee is assessed if check images accompany your monthly statement.
NOW Accounts are interest-bearing checking accounts available to individuals and sole proprietors. They offer a number of advantages:
- Unlimited check-writing privileges
- Service charges are waived when you maintain a minimum balance of $500
- No minimum amount for deposits or withdrawals
- Accessible via ATM
A monthly fee is assessed if check images accompany your statement.
Insured Money Market Account (Hi-Fi)
Here’s a checking account that helps you earn a higher yield. With the Hi-Fi Insured Money Market Account, you may make unlimited withdrawals at the counter or ATM, and unlimited transfers to Dart Bank loan accounts. You may also make up to six withdrawals per month via pre-authorized transfers, automatic transfers or third party checks. Interest is compounded monthly, and you will receive monthly statements detailing account earnings and activity. You may open a HI-FI account with a minimum initial deposit of $2,500— and you pay no monthly service fee if you maintain a balance of $2,500 or more. A monthly fee is assessed if check images accompany your statement.
Sweep Accounts allow businesses to tie together a transaction checking account and an insured money-market account for the purpose of earning interest on their balances.
A target balance is established for the transaction account based on your individual needs. Funds in excess of the target balance are automatically transferred (swept) to the insured money market account daily, maximizing the earning potential on your account. Should the transaction account fall below zero, funds are automatically transferred from the insured money-market account to the transaction account to bring it to the target balance. The target balance is also established to limit the total number of transfers from the insured money-market account to no more than six time(s) per month.
|Account Type||There Is No Monthly Service Charge If You Maintain:||Otherwise, Your Monthly Service Charge Will Be:||Unlimited Check Writing?||Interest Bearing?|
|Business Checking on Analysis*||N/A||$10.00
($5.00 if account is on safekeeping) *
|Business Advantage Account**||N/A||**see below||
200 Free Transactions (Combination of Debits, Credits, and foreign items deposited)
|Business Advantage PLUS Account***||$15,000.00 actual daily balance||.30¢ per each item for the entire statement cycle, regardless of when the balance falls below. Or .30¢ per item after 500 if the minimum is maintained.||500 Free Transactions (Combination of Debits, Credits, and foreign items deposited)||No|
and .30¢ per debit
Insured Money Market Account
|$2,500||$12.95||6 preauthorized withdrawals allowed per month; 3 may be by check||Yes|
|Sweep Accounts||Established Target Balance||$50.00||Yes||Yes|
*Analyzed Account: analysis statement is sent monthly, earnings credit is used to offset fees, deposits and credits are .25¢ each, checks written are .15¢ each, foreign items deposited are .10¢ each, and local items deposited are .08¢ each.
** Business Advantage Account: Non-truncation fee of $10 per month if check images accompany statement. 200 free transactions (combination of debits, credits & foreign items deposited). Transactions over 200 will be charged $0.30 cents each. Minimum opening deposit $50. Customer purchases checks.
***Business Advantage PLUS Account Non-truncation fee of $10 per month if check images accompany statement 500 free transactions (combination of debits, credits & foreign items deposited if the $15,000.00 daily balance is maintained, any items exceeding 500 will be charged .30 each. If the daily balance is not maintained, .30 per each item for the entire statement cycle. Minimum opening deposit $50.00 Customer purchases checks. Now Accounts available to Individuals and Sole Proprietors.
HI FI Accounts available to Individuals, Sole Proprietors, Corporations, Partnerships and LLC’s