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BUSINESS CASH MANAGEMENT

Minimum Opening Deposit:

$2,500

Monthly Service Charge:

$13.00

Minimum Balance to Waive Monthly Service Charge:

$2,500

Excess Transaction Fee:

None

Interest**:

Interest rate and annual percentage yield may change daily, at our discretion. Interest is compounded and credited monthly
Interest is not earned on any day the balance drops below $2,500.

Ownership Type:

Sole Proprietorships, corporations, partnerships, non-profit organizations

Restrictions:

There is no limit on the number of withdrawals or transfers of funds to other Provident Bank accounts made in person, or by mail , or automated teller machine. For purposes of this account a withdrawal means the receipt by the account holder of a direct payment form Provident Bank. All other withdrawals or transfers of funds are restricted to six per statement cycle. No more than three may be made by check, draft or similar device drawn by the account holder to third parties. Withdrawals / transfers in excess of these limits will subject the account to loss of transfer capabilities or closure.

**We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit noncash items (for example, checks).

 

BUSINESS SAVINGS

Minimum Opening Deposit:

$100

Minimum Balance to Obtain APY

$10.00

Monthly Service Charge:

$5.00

Minimum Balance to Waive Monthly Service Charge:

$ 300 minimum daily balance in this account

Excess Transaction Fee:

If your average balance is less than $300 per month you are limited to 2 withdrawals per month. Subsequent withdrawals will be charged $1 per withdrawal.

Interest**:

Interest rate and annual percentage yield may change daily, at our discretion. Interest is compounded daily and credited quarterly.

Ownership Type:

Sole Proprietorships, corporations, partnerships, non-profit organizations

**We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items (for example,
checks).

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Provident Bank  -  Over 50 years serving the Inland Empire with a history of safety and soundness!

 
 

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