business checking 
 Keeping your business moving

​Business Checking 

Our Business Checking offers several free items per month and discounted fee plans based on your account relationship with CoVantage. An earnings credit, based on the investable balance, can be used to offset activity fees.

  • Plan A is for business accounts with less than $100,000 in aggregate commercial loan balances with CoVantage.

  • Plan B is for business accounts with CoVantage aggregate commercial loan balances from $100,000 to $299,999.

  • Plan C is for business accounts with CoVantage aggregate commercial loan balances in excess of $300,000 and for charitable organizations. 

 

​Activity Fees ​Plan A ​Plan B ​Plan C
Relationship Accounts with less than $100,000 in aggregate commercial loan balances​ Accounts with aggregate commercial loan balances from $100,000 to $299,999​ Accounts with aggregate commercial
loan balances in excess of $300,000;
and for charitable organizations.*
Cleared drafts First 100 free each month,
 10¢ each thereafter​
First 100 free each month,
5¢ each thereafter​
Waived​
Checks deposited First 100 free each month,
6¢ each thereafter​
First 100 free each month,
3¢ each thereafter​
Waived​​
ACH debits First 100 free each month,
6¢ each thereafter​
First 100 free each month,
3¢ each thereafter​
Waived​​
ACH credits First 100 free each month,
6¢ each thereafter​
First 100 free each month,
3¢ each thereafter​
Waived​​
Rolled coin orders First 25 free each month,
10¢ per roll thereafter​
First 25 free each month,
5¢ per roll thereafter​
Waived​​
Currency strap orders​ First 25 free each month,
40¢ per strap thereafter​
First 25 free each month,
20¢ per strap thereafter​
Waived​​
 
*Charitable organizations, for the purpose of waiving fees, include youth groups, churches, civic clubs, and volunteer fire/rescue associations.
 

Interest

An earnings credit, based on the investable balance, will be calculated. The interest rate used in calculating the earnings credit will be based on an internal index. This earnings credit will be paid to your account on the last day of the month. The investable checking balance is your account balance in excess of reserve requirement and checks deposited and in process of collection. Checks in process of collection will generally be made available to you the next business day after the date of deposit.
 

Activity Fees

Business activity fees will be calculated monthly. These fees will be posted to your account on the last day of the month. In addition to the activity fees above, other standard checking fees apply. These fees may include: return check charges, overdraft fees, wire transfer fees, and check printing fees.