Schedule of Fees and Charges

Transcription

1 Schedule of Fees and Charges Business Products The following is a schedule of our current fees and service charges. If you have any questions or need additional information regarding this schedule, please refer to our Mechanics Bank Account Agreement or contact any Mechanics Bank branch. Fees and charges are subject to change at any time. Information is effective as of January 1, 2016.

2 Smart BUSINESS CHECKING No monthly service charge with...business online banking and estatements of the above criteria are met... $10.00 Assessed when greater than 100 combined items are or furnished in excess of $1,000 per month. Preferred BUSINESS CHECKING $5,000 minimum daily balance or $15,000 combined balance 1 (For sole proprietors only, combined balances may include business and personal deposits and loans) of the above criteria are met... $15.00 Merchant business CHECKING $10,000 minimum daily balance or $30,000 combined balance 1 of the above criteria are met... $30.00 Assessed when greater than 500 combined items are or furnished in excess of $10,000 per month. Merchant Business Checking with Cash Management Services For information relating to qualified cash management services and fees for this account, please contact your Relationship Manager or Corporate Financial Services at treasurysales@mechanicsbank.com. COMMUNITY PARTNER CHECKING For nonprofit organizations only No monthly service charge with...proof of 501(c)(3) nonprofit status STATE BAR OF CALIFORNIA LEGAL TRUST ACCOUNTS Monthly service charge... $6.00 PREMIUM ANALYZED CHECKING For information regarding fees, please refer to the Analyzed Checking Products Schedule of Fees and Charges. Business INTEREST CHECKING $10,000 minimum daily balance or $30,000 combined balance. 1 (For sole proprietors only, combined balances may include business and personal deposits and loans.) of the above criteria are met... $20.00

3 BUSINESS MONEY MARKET PLUS No monthly service charge with...$2,500 minimum daily balance of the above criteria are met... $10.00 An initial deposit of $2,500 or more is required. Note: Regulations limit certain transfers and withdrawals. 3,4 BUSINESS MARKET RATE Monthly service charge... none An initial deposit of $100,000 or more is required. Note: Regulations limit certain transfers and withdrawals. 4 Requires a non-interest bearing business checking account and the use of one or more Mechanics Bank business services. Checks are not issued on this account. Access for transfer or withdrawal of funds is available via business online banking. BUSINESS SAVINGSLINK A convenient overdraft protection option Business savings void of monthly service charge and minimum balance requirements when linked with a business checking account as overdraft protection and combined in an all-in-one monthly checking statement. Overdraft transfer fee 2... $7.00 per transaction (Transfers will be made in increments of $100.00) Note: Regulations limit certain transfers and withdrawals. 4 BUSINESS SAVINGS A convenient savings option No monthly service charge with... $500 average monthly balance Monthly service charge if the above criteria is not met... $5.00 Note: Regulations limit certain transfers and withdrawals. 6 OTHER ACCOUNT CHARGES Non-sufficient funds (NSF) 4 Per check or item paid... $35.00 Per check or item returned... $35.00 Maximum daily NSF fees (for sole proprietors only)... $ Non-sufficient funds fees will not be charged if the balance in your account is overdrawn by $5.00 or less after posting all transactions after the end of the business day or for any item that is $5.00 or less. Overdraft charge 4 (checking and money market accounts only)... $5.00 per day, beginning on the 5 th business day of overdraft ending on the 14 th business day Stop payment (effective for 6 months)... $30.00 per order Stop payment renewal (effective for 6 months)... $30.00 per order Special statement...$5.00 per statement Hold statement...$5.00 per statement Multiple statement originals...$2.00 per statement, per month Statement balancing/research... $40.00 per hour, $40.00 minimum Inactive/dormant accounts...charged as an active account Inactive/dormant account (final notice)... $2.00 Returned deposit item... $10.00 per item Returned deposit item with automatic redeposit... $5.00 per item plus standard returned deposit item charge Returned deposit item notification (per item) By ... $2.00 By fax... $5.00 By phone... $7.00 Exception deposit/item handling... $5.00 per item Deposit stamp charges...at cost 7 Deposit correction fee...$5.00 per deposit Securities safekeeping... $50.00 per purchase Special processing... $25.00 per occurrence

4 OTHER ACCOUNT CHARGES continued Check copies... $4.00 per check First 3 per statement no charge. Cashier's checks... $10.00 per check (customer) Check conversion...$12.00 per check (non-customer) ATM/Debit card replacement... $5.00 Beginning with second replacement card per 12-month period. Wire transfers (per wire) Incoming domestic... $10.00 Incoming international...$10.00 plus cost 5 Outgoing domestic... $30.00 Outgoing international...$40.00 plus cost 5 Wire correction/amendment...$15.00 plus cost 5 Wire investigation...$50.00 per investigation Wires with special handling for requests made by phone, fax or ...$20.00 per wire plus standard wire processing fee Wire notification (per wire) By ... $2.00 By fax... $5.00 By phone... $7.00 Electronic banking Standard business online banking...no charge Business bill pay...$6.00 per month No charge for Community Partners Checking Account. Business bill pay items Up to 25 payments per month...no charge 26 or more payments per month...$0.40 each For information regarding other online banking fees, please refer to the Business Online Banking Schedule of Fees and Charges. Overdraft protection 2 Automatic transfer from savings, 4 money market, 3,4 or checking... $7.00 per transfer Night deposit Set-up... $20.00 Bag charge...at cost 5 Legal process (e.g. statement, execution, lien, levy, notice and restraining order process received)... $ Miscellaneous Clerical/research work...$40.00 per hour, $40.00 minimum, $1.00 per item posted Signature guarantee... $5.00 per signature Notary fee... $10.00 per signature Collection fee...$25.00 per item, plus cost 5 Check cashing fee (non-client)... $5.00 per check This fee applies only to checks in an amount greater than $100, issued from a Mechanics Bank business checking account, and presented for cashing. Checks issued from a nonprofit business checking account (with the exception of payroll checks) are not subject to the fee. Counter checks/pre-printed deposit tickets...$1.00 each Telephone transfers...$2.00 each No charge for transfers initiated via TeleBanking, business online banking services, in person or at an ATM. SAFE DEPOSIT BOX RENTAL FEES Box size Automatic payment Annual rental Invoice payment Annual rental 2 x 5 $45.00 $ x 5 $55.00 $ x 6 $55.00 $ x 5 $65.00 $ x 5 $75.00 $ x 10 $80.00 $ x 10 $95.00 $ x 10 $ $ x 10 $ $ x 15 $ $ x 18 $ $ Safe deposit box late fee (30 days past due)... $25.00 Forced entry... $ Safe deposit box set up fee... $20.00 Change locks...$25.00 plus cost 5 Lost key replacement...$25.00 each Expedited processing fee... $100.00

5 1. Combined balance shall be defined as follows: when used for service charge purposes, combined balance means the average monthly balance of the primary checking account, together with the combined current balances (determined on the statement date of the primary checking account) in all other business deposit and loan accounts with the exception of analyzed accounts. 2. Applies to overdrafts and non-sufficient funds created by check, in-person withdrawal, ATM withdrawal, or other electronic means, as applicable. 3. A $15.00 per check charge will apply when more than six (6) checks are processed during the month/account statement cycle. 4. Regulations limit certain transfers and withdrawals to a total of six (6) per month/account statement cycle. Accounts exceeding the transaction limit on multiple occasions may be converted to a more appropriate account type. See our Account Agreement for details. 5. Actual cost incurred. Important Notice Regarding Interest Bearing Accounts There are certain penalties for all types of interest bearing accounts, in regard to early withdrawals, closing accounts before maturity and minimum interest payments. Refer to our Account Agreement and current rate sheet for details. Customer Call Center: Automated TeleBanking Service: MechanicsBank.com MEMBER FDIC 2016 MKT /16