This account is designed for businesses that keep a low balance and have a low volume of deposits and withdrawal activity each month.
Minimum balance to open the account – $100
Minimum balance required to avoid $10 monthly maintenance fee - $500
Number of checks and ACH items paid with no per item fee - 30
Cost for each debit item over limit in cycle - $ .15
Corporate resolution or DBA papers must be on file with Peoples Federal Savings Bank.
Please see a new accounts representative for further details.