Select Analysis Checking provides customers with an earnings credit on the account’s available balance to offset activity charges. Plus, the monthly analysis statement provides detailed information regarding the activity in the account.
How are earnings credits determined? First we calculate the account’s average daily balance. Then we subtract the average daily uncollected funds (the float) to arrive at an average daily collected balance. From this, we deduct the Federal Reserve Bank’s reserve requirement² to arrive at the average daily balance available for the earrings credit.³ The earnings rate will be applied to the account’s average daily available balance and will generate a monthly earnings credit to the account. This earnings credit will be used to offset activity charges before they are applied to the Select Analysis Checking account.
Fees that apply to the Select Analysis Checking account are determined as follows:
| Normal account maintenance | $7.50 per statement |
| Checks written and other service chargeable debits | $0.10 per item |
| Deposits made and other service chargeable credits | $0.50 per item |
| Items in deposits | $0.05 per item |
| FDIC insurance | $0.0001917 per dollar |
No Matter what the size of your business, First National Bank of Georgia is ready to help you decide which commercial checking account is best for you. See one of our friendly professional bankers today! They are ready to help you with your business checking needs.
