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Shore United Bank's Commercial Analysis Checking account is ideal for businesses with more complex needs. You can earn credits that offset monthly service fees, allowing you to optimize your business’s banking costs.
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Our Commercial Analysis Account is a checking account that provides an activity analysis and features an earnings credit to offset fees on the account.
- Earnings credits1 can offset fees including the $15 monthly service charge
- Non-interest bearing account
- Access to advanced cash management tools like ACH origination, fraud prevention, remote deposit capture, and more
- Transaction volume flexibility for businesses with higher transaction needs
If the earnings credit exceeds the fees for any period, you will be charged no fees, but you won’t receive credit for any excess earnings credit. If you have large excess earnings credit every month, then our Commercial Interest Sweep may be a good option for you.
Offered with our Commercial Analysis Account at no cost is Online Banking, Mobile Banking with mobile check deposit, eStatements, internal transfers, Business Debit card, Allpoint ATM access (over 55,000 ATMs worldwide), and telephone banking.
How is the earnings credit calculated?
The earnings credit is calculated by applying the periodic earnings credit rate to the average collected investable balance in the account for the period. The average collected balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle. The investable balance is the average collected balance reduced by 10%.
How do I determine how much I need to keep in my account to offset all fees?
If you provide 3 months of statements that reflect your standard activity, we will run an analysis to estimate how much you’ll need to keep in your account to offset fees. This number is considered your Target Balance. If you would like to add new services, we can include them in the analysis to determine your Target Balance to cover your current activity and the added services.=
What is the monthly service charge for this account?
The monthly service charge for our Commercial Analysis Account is $15.00. This fee can be offset by your earnings credit.
For more information about Commercial Account Analysis, contact your local branch or send us a secure message.
1The earnings credit will be calculated by applying the periodic earnings credit rate to the average collected investable balance in the account for the statement period. At our discretion, the periodic earnings credit rate may change at any time. The average collected balance is calculated by adding the principal in the account for each day of the calendar month and dividing that figure by the number of days in the calendar month. The investable balance is the average collected balance reduced by 10%. The earnings credit is limited to the fees assessed for the statement period.
