Business Savings is a good business practice. Monthly service charge of $10 can be avoided with a minimum daily balance of $1,000. Debits in excess of 6 per month are $1 each.
About Money Market and Savings Account transaction limitations
Federal Regulation limits certain types of withdrawal and transfer transactions you can process from your savings or money market account to a maximum combined total of six (6) per month. Limited transactions include preauthorized or automatic transfers, telephone and online requests, by check, draft, debit card or similar order (including Point of Sale transactions). An ’Exceeded legal limit debit fee’ of $3 will apply for each transaction that exceeds the regulatory limit.