A savings account that works for you
Farmers National Bank offers a business savings account with a variable interest that helps your company earn money, as well as convenient online tracking through E-statements.
| Business Savings | |
|---|---|
| Minumum to Open | $100 |
| Monthly Service Fee | $5.00 if daily balance falls below $100 at anytime during the month |
| Interest | Variable rate applied on daily balances over $1.00 |
| Statement | Quarterly Statement |
| Additional Information | $1.00 service fee for each withdrawal over 6 per month |
| Debit Card | Savings can be attached to debit card to allow ATM withdrawals |
| Business Online Banking, Mobile Banking & E-statements* | Yes |
Business Debit Card
Features
- Card displays company name and name of the authorized user
- Separate cards available for each authorized user
- Multiple authorized signers (Maximum 6 per account)
- Easy expenses tracking from checking account statement or online anytime
- Dollar limits set individually
- Each card authorized or restricted for ATM usage and POS terminal usage/purchases
- Changes to the cards authorized by the business owner/manager only
- If one card is lost or stolen, it can be frozen and other cards remain active
- If an employee leaves, card can be frozen and other cards remain active
- Currently, a 1% fee is assessed on international transactions when a currency conversion occurs. Fee is unchanged. Visa will impose a 0.8% fee on foreign transactions when a currency conversion is not performed.
*Canceling E-Statements: You may opt-out of E-Statements at any time by visiting one of our branch locations. If you opt-out of E-Statements, we will resume delivery of your paper statements by U. S. Mail. There will be a $30.00 reinstatement fee associated with the reinstatement of paper statements. For Totally Green & Business Green Checking accountholders, there will be an additional $3.00 monthly paper statement charge.