Small Business Checking Account

Checking and Savings Features

• The average daily balance method is used to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for this period.
• Interest on non-cash deposits begins to accrue on the business day of deposit—for example, checks.
• The interest rate and annual percentage yield may change at Pioneer Bank’s discretion as often as daily. Rates may change after account is opened.
• Fees, penalties, service charges and withdrawal of earned interest may reduce earnings.
• Overdraft and return check charges may apply to negative balances created by check, in-person withdrawal, automatic payment or other electronic means.
• A continuous overdraft fee will be charged to your account on the beginning of the third business day your account goes negative.
• No account service charge fees will be assessed to individuals under age 18. Service charges will begin automatically on the statement cycle following an individual’s 18th birthday.*
• No account service charge fees will be assessed to legally formed non-profit entities who elect to hold Simple Checking and/or Regular Savings accounts.
• Free debit card available for minors until age 18. Automatic annual fee begins July 1st following 18th birthday if applies to account type.*
• The $1.00 per statement Paper Statement Fee will not be assessed to Kasasa® accounts, Thrift Savings accounts, HSAs or IRAs. The Paper Statement Fee will also not be assessed to individuals under the age of 18 or legally formed non-profit entities who elect to hold Simple Checking and/or Regular Savings accounts. The Paper Statement Fee will begin automatically on the statement cycle following an individual’s 18th birthday.*
• Fee for closing an account during the first six months does not apply to Thrift Savings and Kasasa® accounts.
• Accounts closed between statement cycles will not receive accrued interest.

* Minor must be primary account holder.