Small Business Checking is designed for those small businesses with moderate checking and deposit needs. It operates like a personal account in your business name. As your business grows, Northwestern Bank will monitor your activity level. We will work with you to determine the most appropriate checking account to meet your business needs.

• Minimum balance of $500.
• Should your balance fall below $500 on any day of the statement cycle, and your average daily collected balance is less than $2,000, a maintenance fee of $5.00 will apply.
• An activity fee of $.10 per debit or check written in excess of 25 per cycle will apply.
• An activity fee of $.10 per credit or deposit ticket and checks deposited in excess of 25 per cycle will apply.
• Charges can be offset by an earnings credit that is applied on the collected balance maintained in the account. An earnings credit of $.10* per month per $100.00 of average collected balance will be given.

Definition of Terms

Average Ledger Balance - The sum of each day’s ledger balance divided by the number of days in the statement period.

Average Uncollected Funds (float) - The sum of daily funds in process of collection divided by days in the statement period.

Average Collected Balance - The average ledger balance less average uncollected funds.

*Subject to change at Bank's discrection.

Bill Kepp

Kiley Todd