Commercial Accounts

 

IMPORTANT NOTICE:
CORPORATE ACCOUNT TAKEOVER 

Corporate Account Takeover is the business equivalent of personal identity theft.  Please read more.....

Bank of the West offers many different Commercial Banking options that can fit your Business needs. Visit a Bank of the West Branch near you.

 

Savings Account

$100 to open this account. If the account balance drops below $500, a quarterly service charge of $5 will be charged. Three (3) withdrawals are allowed per quarter. There is a $1.00 fee for each withdrawal over 3 per quarter.


Commercial Wagon Wheel Money Market Account

$2,500 to open this account. If the account balance drops below $10,000.00, a monthly service charge of $15 will be charged. Six (6) preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or other similar transactions per statement cycle. There is a $15 fee for each withdrawal over 6 per statement cycle.


Premier Business Checking Account

Minimum balance to open account - $300

Fees: No monthly service charge
No per item fee for the first 250 paper items
(checks, deposit slips, deposited items)
$0.50 per item charge over 250 paper items
No per item fee for PIN based or signature based
debit card transactions, ACH transactions, online banking transfers,
or bill pay transactions.
Month-end statement with statement images

 

Commercial Checking Account

Minimum balance to open account - $300

Fees: A maintenance fee of $10.00 will be charged each month.
A deposit fee of $0.30 will be charged for each deposit slip posted.
An item fee of $0.10 will be charged for each item in the deposit.
A paid check fee of $0.15 will be charged for each check paid.
FDIC Charge - The assessment rate paid by Bank of the West is applied
to the average ledger balance.

Earnings Credit - This account features an earnings credit which is applied to reduce or eliminate fees on this account. If the earnings credit exceeds the fees for any period, you will be assessed no fees but you will not be paid, carry forward or otherwise receive credit for any excess earnings credit.



CDARS - Investment Program

With CDARS, you can access FDIC protection on multi-million dollar CD Investments through Bank of the West. CDARS can be a valuable cash management or longer-term investment tool for you.1

How does CDARS work?

Bank of the West is a member of a special network. When you place a large amount with us, we place your funds into CD's issued by other banks in the same network - in increments of less than $250,000.00 - so both principal and interest are eligible for complete FDIC protection. As a result, you can receive coverage from many banks while working with just one.

These exchanges, which occur on a dollar-for-dollar basis, can bring the full amount of your original deposit back to our bank. As a result, we can make the full amount of your deposit available for communtiy lending purposes.2

LEARN MORE ABOUT CDARS

With help from CDARS, you can access:

Safety      Convenience      Community Investment2      CD-Level Rates

What else should I know?

Now, you nolonger have to spend time managing multiple bank relationships, administering various interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements. this reduces your administrative burden, especially during tax and financial reporting seasons.

And with CDARS, you can eliminate the need to monitor changing collateral values - another time sabing convenience.

Of course, your confidential information remains protected.

Ask us about how CDARS can work for you the next time you visit one of our branches or email Customer Service for more information.

 

1 Funds may be submitted for placement only after a depositor enters in the CDARS Deposit Placement Agreement with Bank of the West. The agreement contains important information and conditions regarding the placement of funds by us.

2 This benefit applies to some but not all types of CDARS transactions. Let us know if his benefit is important to you, so that we can explain the relevant terms and conditions in more details.
CDARS is a registered service mark of Promontory Interfinancial Network, LLC.