Business Banking Accounts and Products

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1 Banking Accounts and Products

2 BofI Federal Bank Accounts What Fits Your Need? Basic Interest Premier with Interest Analyzed Money Market HOA, Prop. Mgt., Non-Profit Org. Money Market CD CDARS CD Account Description moderate account activity with no interest minimal activity who want an interest earning account moderate account activity who want an interest earning account high monthly account balances and significant transaction volume. Offers a range of Cash Management Services Higher interest earning checking with limited transactions Higher interest earning checking with limited transactions cash that can be held for a length of time Ease and convenience with BofI to assure all your business CD s are FDIC insured High Yield Interest Initial Deposit Monthly Maintenance Fee Average Daily Balance Required To Avoid Monthly Fee Bill Pay Online Banking No Yes (a) Yes (a) Yes (a) Yes (a, f) Yes (b) Yes (b) 1, ,000 1,000 1, , ,000 25,000 5,000 2,500 Free Free Free Free Free Free Free Free Free Free Free Free Free Free Per Item Processing Fee 200 items 0.50 per item after 50 items 100 items Subject to account analysis 20 (c) items 25 (c) items Linked Account Transfer Protection Image Statements Free Free Free Free Free Free Free Free Cash Management Remote Deposit Anywhere Up to 60 items (d) Up to 60 items (d) Up to 60 items (d) Up to 60 items (d) Up to 60 items (d) Up to 60 items (d) Remote Deposit Capture ATM Fee Reimbursement Unlimited (e) Unlimited (e) Unlimited (e) Check Order Up to 100 off First set of 20 checks free First set of 20 checks free a) Interest is compounded daily on your entire collected balance and calculated on a 365/366 day basis. Interest is credited to your account monthly. Tiered rate of interest is subject to change at the bank s discretion at any time. We use the daily balance method to calculate the interest in your account. This method applies a daily periodic rate to the daily collected balance in your account. The collected balance is the balance of all deposits in your account on which we have received credit for the deposited funds (determined by the availability schedule of our Federal Reserve Bank for non-cash items). b) We use the average daily balance method to calculate the interest on your account. This method determines the average balance by adding the full amount of the principal in the account for each day within the statement period and dividing that figure by the number of days within the statement period. Interest is compounded daily and calculated on a 365/366 day basis. c) Federal regulations limit certain types of transfers from a money market or saving account to a combined maximum of six per month. If transfers exceed this limit more than occasionally, we will convert the account to a type not subject to transfer limits or close the account. A 10 fee is assessed for each excess transfer paid against the account. Unlimited lobby, and ATM withdrawals are permitted. d) Included in the per item processing monthly limitation. e) Excludes international ATM transactions. f) Tiered Interest Earning Account. g) Once you ve placed your order through Deluxe, contact us via or Online Banking to request the credit for the initial order. Account Terms and Conditions effective December 2013 REV

3 Banking Products Choose from a Range of Deposit Products that Work Best with Your, Regardless of Size and Transaction Volume Best-in-Class high-yield business solution that eliminates the need for fees: Basic : A checking account for emerging businesses with moderate account activity (less than 200 items) with no interest Interest : High-yield checking account for growing businesses with minimal activity (less than 50 items) who want an interest earning account Premier : High-yield checking account for established businesses with moderate account activity (less than 100 items) who want an interest earning account Analyzed : A customized checking account for established businesses with high balances that frequently use treasury products such as wire transfers and ACH transactions Money Market / Association Money Market 1 The perfect place to set aside funds for unexpected expenses: Highly competitive interest rate 5,000 / 2,500 average daily balance required to avoid monthly fee Low minimum opening deposit of 1,000 FREE debit card available FREE online images of statements & checks FREE online and mobile accessibility Certificates of Deposit Guaranteed returns and no market risk: Great CD rates 1,000 minimum amount to open an account Auto renewal with 10-day grace period Free electronic transfer of interest CDARS Access to multi-million-dollar FDIC Insurance Low 100K minimum balance The ease of working through one trusted relationship, earning one rate per maturity, and receiving consolidated statements 24/7 Banking REV

4 Banking Products Cash Management Cash Management is an enhanced version of our basic online banking with additional security features (i.e. security tokens, wire pins, time restrictions and trusted IP addresses). Cash Management comes with 24/7 online account access and complete/a la carte account management services, such as: ACH Origination Bill Pay Premium: payments, payroll, invoices Wires Positive Pay Remote Deposit Capture Zero balance Payment portal Various file uploads FREE Online Banking Access account balances and history One-time and recurring funds transfers Bill Pay Account statement and check image viewing and downloads Self-directed research Financial management solutions Remote Deposit Anywhere (RDA) Remote Deposit Capture (RDC) Deposit paper checks of all types (corporate checks, consumer checks, cashier s checks, third-party checks, and money orders) electronically. Speed up your company s deposits through our deposit capture solutions: Use your smart phone or desktop scanner with our RDA Banking app Use our RDC scanners with the option to purchase or lease Mobile Banking Get on-the-go access to your accounts with our Banking app Check your available balance View transaction history Transfer funds between accounts Pay bills Mobile deposit (RDA) Bank products and services are offered by BofI Federal Bank. All deposit accounts through BofI Federal Bank brands are FDIC insured through BofI Federal Bank. All deposit accounts of the same ownership and / or vesting held at BofI Federal Bank are combined and insured under the same FDIC Certificate All deposit accounts through BofI Federal Bank brands are not separately insured by the FDIC from other deposit accounts held with the same ownership and / or vesting at BofI Federal Bank. 1 Important Notice: Federal regulations limit certain types of transfers from a money market or saving account to a combined maximum of six per month. If transfers exceed this limit more than occasionally, we will convert the account to a type not subject to transfer limits or close the account. A fee is assessed for each excess transfer paid against the account. A 10 fee is assessed for each excess transfer paid against the account. Unlimited lobby, and ATM withdrawals are permitted. See our Deposit Account agreement and Disclosures for details. We Mean REV

5 BofI Federal Bank Accounts For more details contact a Relationship Manager We Mean REV