Business Accounts
 


New Frontier Business Checking

  • Designed for small businesses
  • $100 minimum opeing deposit
  • Low monthly maintenance charge of only $10.00
  • Transaction limits for checks written should not exceed 115 items per month
  • Debits per item over 115 are $.12 per item
  • Deposits made should not exceed 35 items per month
  • Deposit items over 35 are $.07 per item
  • Returned deposited items are $1.00 per item

NOW Checking

  • Designed for sole proprietorships
  • $1500 minimum opening deposit
  • Unlimited transactions
  • Interest bearing
  • Interest compound and credits monthly
  • $10.00 service charge if balance falls below $1500

New Frontier Commercial Checking

  • Designed for larger businesses
  • $100 minimum opening deposit
  • Low monthly maintenance charge of only $7.00
  • Account charges are based on an analysis of the account activity each month
  • Earnings credit rate is based on the average collected balance of the previous month
  • Earnings credit rate is calculated based on the previous quarter’s average 91-day Treasury Bill
  • Earnings credit rate is applied against the monthly fee and transaction charges and if the earnings credit exceeds the account analysis charge, there is NO service charge
  • Debits per item fee is $.12
  • Deposit per item fee is $.07
  • Returned deposited items are $1.00 per item
  • FDIC insurance $.04 per $100.00 yearly
  • Reserve requirement is 3%

MSB Account

  • Designed for Money Service Businesses
  • $1000 minimum to open
  • Monthly account maintenance fee of $150.00
  • Account charges are based on an analysis of the account activity each month
  • Earnings credit rate is based on the average collected balance of the previous month
  • Earnings credit rate is calculated based on the previous quarter's average 91 - day Treasury Bill
  • Earnings credit rate is applied against the monthly fee and transaction charges and if the earnings credit exceeds the account analysis charge, there is NO service charge
  • Returned deposited items are $3.50 per item
  • Debit Items Fee is $0.20 per item
  • Checks Deposited On Us Fee is $0.10 per item
  • Checks Deposited Not On Us Fee is $0.10 per item
  • Deposits Credit Fee is $0.75 per deposit
  • Telephone Transfer Fee is $2.00 per outgoing transfer
  • FDIC Insurance Fee is $0.01 per $100 per month (based on Avg. collected bal)
  • Reserve Requirement is 3%
  • MSB Account application Fee is $200.00 (non-refundable)
* See Frontier Bank's Schedule of Fees for additional account fees.

Super MSB Account

  • Designed for Money Service Businesses with larger volume transactions (Determined by BSA Officer)
  • $1000 minimum to open
  • Monthly account maintenance fee of $1500.00
  • Account charges are based on an analysis of the account activity each month
  • Earnings credit rate is based on the average collected balance of the previous month
  • Earnings credit rate is calculated based on the previous quarter's average 91 - day Treasury Bill
  • Earnings credit rate is applied against the monthly fee and transaction charges and if the earnings credit exceeds the account analysis charge, there is NO service charge
  • Returned deposited items are $3.50 per item
  • Debit Items Fee is $0.20 per item
  • ACH Debit Fee is $0.20 per item
  • Checks Deposited On Us Fee is $0.10 per item
  • Checks Deposited Not On Us Fee is $0.10 per item
  • ACH Credit Fee is $0.10 per item
  • Deposits Credit Fee is $0.75 per deposit
  • Telephone Transfer Fee is $2.00 per outgoing transfer
  • FDIC Insurance Fee is $0.01 per $100 per month (based on Avg. collected bal)
  • Reserve Requirement is 3%
  • MSB Account application Fee is $200.00 (non-refundable)
* See Frontier Bank's Schedule of Fees for additional account fees.

Other Banking Services

      • Online Banking
      • Certificates of Deposit
      • Money Market Accounts
      • Wire Transfer Service
      • ACH Services
      • Sweeps

Please see your account disclosure and Schedule of Fees and Charges

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