Overview of Business Accounts
Whatever you envision for your business, Edgar County Bank and Prospect Bank, a division of Edgar County Bank & Trust Co., have the products and services you need to help your business reach its goals. We serve everyone from large corporations to small, local businesses. We don’t assume that “one size fits all” which is why we have developed customized accounts and services tailored to meet the unique needs of your business.
From business checking and savings accounts to lines of credit, Edgar County Bank and Prospect Bank strive to work hand-in-hand with you to find the solution that works best for you. We provide the personalized attention you need to grow your business.
Not only do we support you with your banking needs, we also support local businesses because we believe it’s important for community growth. As always, our knowledgeable, service-focused banking professionals are available to assist you at any of our branches. By giving you choices, freedom, and outstanding customer service, Edgar County Bank & Trust Company welcome you to banking, the way it's meant to be — simple and easy.
Comparison of Business Account Features
Opening Balance | Monthly Service Charge | Free Debit Card** | Transaction Fees | Online Banking | Earnings Credit | Interest Earning | Restrictions/Other | |
|---|---|---|---|---|---|---|---|---|
Checking
| ||||||||
$100 | - | ✓ | ✓ | ✓ | - | - |
| |
$1,000 | $8* | ✓ | ✓ | ✓ | - | ✓ |
| |
$100 | $7* | ✓ | ✓ | ✓ | ✓ | - |
| |
TBD | TBD | ✓ | TBD | ✓ | TBD | - | - | |
$50 | - | ✓ | ✓ | ✓ | - | ✓ |
| |
$50 | - | ✓ | ✓ | ✓ | - |
| ||
Savings
| ||||||||
$100 | $5* | - | - | ✓ | - | ✓ |
| |
$100 | $5* | - | ✓ | ✓ | - | ✓ | (a) (c) | |
$2,500 | $8* | - | ✓ | ✓ | - | Tiered | (b) (c) | |
Money Market
| ||||||||
$1,000 | $10* | - | - | ✓ | - | Tiered | (c) | |
$25,000 | $10* | - | - | ✓ | - | Tiered | (c) |
Success Business Checking* Monthly service charge if average daily balance falls below a specified amount. See account representative for details.
** Subject to approval. Fee for replacement cards.
(a) $3 fee for each withdrawal over 4 per month
(b) $5 fee for each withdrawal over 6 per month
(c) Limit of six (6) transfers from a savings or money market savings account during any one calendar month to another of your accounts with us or to a third party by means of a preauthorized or automatic transfer.