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Business checking accounts have an initial deposit requirement of $100.00 and no limit on the number of deposits, checks, or withdrawals allowed. Accounts may be subject to account analysis or a monthly service charge.
Business NOW Accounts are interest bearing accounts for , non-profit organizations, governmental units, and fiduciary (if funds are held for an individual). These accounts have a minimum initial deposit of $1000.00 with no limit on the number of checks, deposits, or withdrawals allowed. Service charges are:
Minimum daily balances over $ 4,999.00 | None |
Minimum daily balances $ 1,000.00 - $ 4,999.00 | $ 4.00 / Month |
Minimum daily balances up to $ 1,000.00 | $ 7.00 / Month |
Personal NOW Accounts are interest bearing accounts for individuals and have a minimum initial deposit of $1000.00. There is no limit on the number of checks, deposits, or withdrawals allowed. Service charges are:
Minimum daily balances over $ 999.00 | None |
Minimum daily balances $ 500.00 - $ 999.00 | $ 4.00 / Month |
Minimum daily balances up to $ 500.00 | $ 6.00 / Month |
Lee Bank & Trust Company offers free personal checking accounts to all customers. There is an initial deposit requirement of $100.00, no limit on the number of deposits, checks, or withdrawals, and no monthly service charge. Statements are delivered monthly.
Insured Money Fund Accounts are interest bearing accounts for any type of depositor whether an individual, business, or other organization. The minimum initial deposit is $ 2,000.00 and there may be no more than 6 withdrawals each month. Only 3 of these withdrawals may be made by check. Service charges are:
Minimum daily balances over $ 1,999.00 | None |
Minimum daily balances up to $ 1,999.00 | $ 2.00 / Month |
Over 3 checks per month | $ 10.00 / Item |
Over 6 withdrawals per month | $ 10.00 / Item |
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