Business Accounts & Services

Colonia Business Checking

Great account for businesses with less than 500 transactions per month*
$100 minimum to open account
No monthly service charge fee if $2500 balance is maintained at all times**
500 free transactions***

*Transactions include deposits, debits, and checks per month
**A $10 monthly service charge fee will be charged if balance falls below $2500 at any time
***A $0.15 per transaction fee will be applied for every transaction above 500

Colonia Business Interest Checking

(For Sole Proprietors and Non-Profit Organizations Only)

$100 minimum to open account
No monthly service charge if $2500 balance is maintained at all times*
500 free transactions**
Tiered Interest paid on balances of $2500 and over
Rates are subject to change after account is opened

*A $10 monthly service charge will be charged if balance falls below $2500 at any time
**A $0.15 per transaction fee will applied for every transaction above 500

Colonia Business Analyzed Checking

Best type of account for high activity
Fees are offset by Earnings Credit Allowance
Earnings Credit Rate approximates the four week average of the 90-Day T-Bill rate
Fees assessed against the ECR are as follows per item:

Debit $.15
Local $.06
Non-Local $.08
Deposit $.35
Monthly Service Charge $10

Colonia Business Money Market

$1000 minimum to open account
No monthly service charge fee if $2500 balance is maintained at all times*
Tiered interest paid monthly on collected balances over $2500**
Rates are subject to change after account is opened
Up to six withdrawals per month***

*A $20 monthly service charge will be charged if balance falls below $2500 at any time
**No interest paid if balance falls below $2500
***You may make up to six (6) pre-authorized, automatic or telephone transfers from your account each statement cycle. Of the six transactions, no more than three (3) may be point of sales, draft, or third party check.There is no limitation on in-person withdrawals. A $20.00 charge will be assessed for each transaction exceeding the limitations

Colonia Business Savings

$500 Minimum to open account
No quarterly service charge if $1000 balance is maintained at all times*
Tiered interest paid monthly on collected balances over $1000**
Rates are subject to change after account is opened
Withdrawals restrictions***

*A $5 quarterly service charge will be charged if balance falls below $1000 at any time
**No interest paid if balance falls below $1000
***You may make up to six (6) pre-authorized, automatic or telephone transfers from your account each statement cycle. Of the six transactions, no more than three (3) may be point of sales, draft, or third party check. There is no limitation on in-person withdrawals. A $5.00 charge will be assessed for each transaction exceeding the limitations