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| Banking... Like it used to be |
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| BASIC BUSINESS CHECKING |
| This straight-forward, non-interest bearing account is just right for any business with limited transactions per month. |
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| Limitations: You must deposit $100.00 to open this account. |
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Your account will be charged a service charge of $10.00 each month for the first 115 items |
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The $10.00 monthly service charge will be waived if, for the month, you maintain a daily ledger balance of at least $2,500.00. |
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There will be an additional charge of $.20 (20 cents) for each item that exceeds the 115 items stated above. |
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| ACTIVE BUSINESS CHECKING |
| Businesses that have a moderate level of account activity will fit best under this plan. $100.00 to open this account with a nominal monthly service fee of $15.00 for the first 225 items. |
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| Limitations: You must deposit $100.00 to open this account. |
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| Each month your account will be assessed a service charge of $15.00 for the first 225 items. |
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If your account exceeds the above limits of activity, you will be assessed $.20 per item above 225. |
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| BUSINESS INTEREST CHECKING |
Maximize your cash-flow with this interest-bearing account.
Business accounts qualifying for an interest bearing checking account are sole proprietors and non-profit organizations.
The interest rate and annual percentage yield may change, at our discretion. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded daily which will be credited to the account monthly.
Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield. |
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| Limitations: You must deposit $100.00 to open this account. |
| Account Fees: |
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To avoid the monthly service fee of $10.00 and per Check Charge of $.20
(over 115 checks), you must maintain a daily balance of at least $2,500.00. |
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| ANALYZED BUSINESS CHECKING |
Businesses with high activity levels and those who use a variety of banking services will normally be placed on our Analyzed Business Checking. These businesses usually have more than 225 debits monthly in their account. Monthly fees are based on services utilized. Quarterly or semi-annual analysis available. Earnings credit can offset fees.*
*Law prohibits payment of excess earnings above monthly charges to customer. |
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| Limitations: You must deposit $100.00 to open this account. |
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A monthly charge is calculated by assessing fees for each of the activities used. |
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An earnings credit is then calculated using the average collected balance in the primary business account and any affiliated transaction accounts. |
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This earnings credit can offset some or all of the monthly charges. |
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However, banking laws prohibit us from paying any excess earnings above the monthly charges to you. |
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Businesses that are cyclical in nature may prefer to be put on a quarterly or semi annual analysis schedule. |
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Insufficient Funds (paid or returned) are not included in the analysis. All such fees are directly assessed at the time of the NSF. Current fees are $18.00 per Item, with a maximum of $90.00 per day.
The following fees apply to this account: |
| Currency Deposited (per $1000) |
$1.00 |
| Reserve Requirement |
Contact Bank for current rate |
| FDIC Insurance |
Contact Bank for current rate |
| Funds Advanced Rate (overdraft) |
Contact Bank for current rate |
| *Account Maintenance – Primary Account |
$15.00 per month |
| Credit (deposit slips) Processed |
$1.00 |
| Checks Deposited |
$.10 |
| Earning Rate |
Contact Bank for current rate |
| Currency Paid (per $1000) |
$1.00 |
| Coin Paid (per roll) |
$.10 |
| Checks paid or Cashed (drawn on MONB) |
$.12 |
| Dual/Special Signature Verification (per item) |
$.24 |
| Count Coin (per bag) |
$4.00 |
| Returned Items |
$5.00 |
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| MISSION OAKS MONEY MARKET |
| A tiered money market account that earns your business a better interest rate on higher account balances with unlimited Teller withdrawals. The $10 monthly service fee is waived if your minimum daily balance is $1,500 or more. |
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| MISSION OAKS EXCEPTIONAL YIELD MONEY MARKET |
Businesses with higher balances can earn a higher interest rate.
The $25 monthly service fee is waived if your minimum daily balance is $2,500 or more. |
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| OVERDRAFT PROTECTION |
| This account provides overdraft protection for you and your business during those times when you need it most. (Sole proprietorships only). |
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| BUSINESS LOANS AND LINES OF CREDIT |
| Your business is growing. You are expanding. We understand the importance of obtaining a loan or line of credit for working capital, equipment purchases, or expansion. We tailor our loans to get you the money you need quickly, efficiently, and hassle-free. |
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| CONSTRUCTION AND COMMERCIAL REAL ESTATE LOANS |
| We offer commercial real estate loans tailored to fit your unique business needs. Financing options are available for your real property purchase, refinance, expansion, or business relocation. |
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| MISSION OAKS NATIONAL BANK SBA PREFERRED LENDER SERVICES |
As an SBA Preferred Lender, our underwriting decisions are made locally, by people who know you and your business. We can help you with your commercial real estate purchase, commercial construction, renovation & tenant improvements, equipment purchases and debt refinance.
SBA 7(a) Program and SBA 504 Program. |
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| MISSION OAKS FUNDING |
| Mission Oaks Funding is the department of Mission Oaks National Bank specializing in business real estate financing - no hassles, no red tape. Mission Oaks Funding finds creative financing solutions for owner/user business real estate, using government guaranteed and conventional lending programs. |
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| AIRCRAFT FINANCING |
| Soar to new heights with Mission Oaks aircraft financing for new and used corporate and personal aircraft. Fixed and variable rate financing is available with no-cost pre-approval. Call Juan Alonzo at 800-600-7075 |
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| Contact Mission Oaks National Bank for details on our business accounts, lines of credit, and loan services. |
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Equal Housing Lender
