First Federal of Bucks County

Business Checking Products

All First Federal small business checking products include the following benefits:

Free Online Banking and unlimited Bill Pay
Free Debit MasterCard
Free Phone Banking

Free Business Checking

Available to all forms of businesses and non-profit organizations.
Non-interest bearing.
NO Minimum Balance.
NO Monthly Service Fee.
Includes check safekeeping. Digital check images available on the web.

Basic Business Checking

Available to all forms of businesses and non-profit organizations.
Non-interest bearing.
Monthly service fees are waived when account balance is maintained at $1,500 or more.
Includes check safekeeping. Digital check images available on the web.

Analyzed Business Checking

Available to all forms of businesses and non-profit organizations.
Non-interest bearing.
Monthly Service Charge: $15.00
An Earnings Credit is applied to your average monthly investable balance to reduce or offset the monthly account service charge and the transaction fees below:

Deposit Tickets	$.35 per Ticket
Checks Paid	$.17 per Check
Items Deposited	$.17 per Item
ACH Debits/Credits	$.14 per Item

Note: Earnings Credit is not applied to Other Fees charged to All Accounts.

Here’s How It Works:

An earnings credit is a monthly credit based on the average investable balance that can partially or totally offset certain fees incurred by maintaining and using Analyzed Business Checking.

How an earnings credit works by example:

Assume an average collected balance of $40,000 in an Analyzed Business Checking Account and an annual earnings credit rate of 2.50%*. The monthly earnings credit earned on this account is $76.43.

Take your average collected balance: $40,000

Subtract a 10% reserve requirement: $ 4,000

This is the investable balance available to offset fees $36,000

Take this balance: $36,000

Multiply it by the monthly Earnings credit .0021232

(This is calculated by dividing the monthly earnings credit rate (.0225) by the number of days in the year (365) multiplied by the number of days in the statement cycle (31) for that month)

Earnings Credit $ 76.43

Assume the following monthly activity and related fees on an Analyzed Business Checking account:

Monthly Account Maintenance Fee $15.00

Checks Paid 250 @ .17 $42.50

Items Deposited 475 @ .15 $71.25

Deposit Tickets 20 @ .35 $7.00

$ 135.75

To calculate the total charge for this month’s activity, Subtract the Earnings Credit from the monthly charges:

Monthly Charges $135.75

Earnings Credit $76.43

Charge deducted from your Analyzed Business Checking Account that month: $59.32

*The Earnings Credit Rate is set each month at First Federal of Bucks County’s discretion.

Business Income Checking Plus

Available only to sole proprietors and non-profit organizations.

Earns interest at competitive rates.

Interest is compounded daily and paid monthly.

Monthly service fees are waived when the account balance is maintained at $500 or more.

Includes check safekeeping. Digital check images available on the web.

Take your average collected balance:	$40,000
Subtract a 10% reserve requirement:	$ 4,000
This is the investable balance available to offset fees	$36,000
Take this balance:	$36,000
Multiply it by the monthly Earnings credit	.0021232
(This is calculated by dividing the monthly earnings credit rate (.0225) by the number of days in the year (365) multiplied by the number of days in the statement cycle (31) for that month)
Earnings Credit	$ 76.43
Assume the following monthly activity and related fees on an Analyzed Business Checking account:
Monthly Account Maintenance Fee	$15.00
Checks Paid 250 @ .17	$42.50
Items Deposited 475 @ .15	$71.25
Deposit Tickets 20 @ .35	$7.00
	$ 135.75
To calculate the total charge for this month’s activity, Subtract the Earnings Credit from the monthly charges:
Monthly Charges	$135.75
Earnings Credit	$76.43
Charge deducted from your Analyzed Business Checking Account that month:	$59.32
*The Earnings Credit Rate is set each month at First Federal of Bucks County’s discretion.