Merrimack County Savings Bank

Merrimack County Savings Bank
Menu
Peter Lemiska, 2016

Checking & Savings

Andrew Gilbert, Senior Print Operator and Peter Wensberg, President of AMI Graphics, demonstrate the Grand Format UV Printer to Tom Dustin (r), Vice President, Commercial Loan Officer, Merrimack County Savings Bank.

Money-Smart Solutions for Your Business

At the Merrimack, we offer a range of products and services to help you manage your business.

Business Checking Options

The Merrimack’s business checking account options are feature-rich without being overly complicated. Standard benefits offered with all business checking include:

  • Online Banking, Bill Pay, Telephone Banking, business debit card, combined statements, night deposit and eStatements are available at no additional cost.
  • Mobile Banking and Mobile Deposit are available at no additional cost to eligible customers. Cash Management customers are not eligible.
  • GenGold® Business Partner Program Preferred Level benefits. Click here to learn more.

Basic Business Checking

For all business types. Designed for customers with less than 100 transactions per statement cycle.

Learn More

  • $50 Minimum Deposit to Open
  • $5 Monthly Service Charge
  • $100 minimum daily balance to waive service charge
  • No fee for first 100 items1 processed per statement cycle. $0.50 per item processed over 100.

CompareView Rates

Commercial Checking

For all business types. Designed for customers with more than 100 transactions per statement cycle.

Learn More

  • $50 Minimum Deposit to Open
  • $8 Monthly Service Charge
  • Earnings Credit2 used to offset service charge
  • Earnings Credit2 Transaction Fees:
    – Each check processed $0.20
    – Each item in a deposit $0.12

CompareView Rates

Business Plus Checking

For all business types. Designed for customers that maintain minimum account balances of over $5,000 and have a large number of transactions each month.

Learn More

  • $50 Minimum Deposit to Open
  • $15 Monthly Service Charge
  • $5,000 minimum daily balance to waive service charge
  • No fee for first 300 items1 processed per statement cycle. $0.50 per item processed over 300.

CompareView Rates

Non-Profit Checking3

Exclusively for community and non-profit corporations, organizations, associations, clubs and municipalities with 501(c)(3) or 501(c)(6) status.

Learn More

  • $50 Minimum Deposit to Open
  • $5 Monthly Service Charge
  • $500 minimum daily balance to waive service charge
  • $500 minimum daily balance to earn interest
  • No fee for deposited items. No fee for first 50 checks processed each statement cycle. $0.12 per check processed over 50.

CompareView Rates

IOLTA3, 4

Exclusively for lawyers and law firms. All interest earned is sent automatically to the New Hampshire Bar Foundation.

Learn More

  • $100 Minimum Deposit to Open
  • $1,000 minimum daily balance to earn interest
  • No fee for deposited items.

CompareView Rates

Business Savings Account

This savings account was designed for all businesses. Features of the account include:

Learn More

  • A minimum deposit of $50 is required to open an account.
  • Monthly service charge of $5 waived with a $100 minimum daily balance.
  • No fee for deposited items.
  • Online Banking, Telephone Banking, business debit card (checking or money market account required), night deposit and eStatements are available at no additional cost.
  • Mobile Banking is available at no additional cost to eligible customers. Cash Management customers are not eligible.
  • GenGold®Business Partner Program Preferred Level benefits. (See the GenGold® Partner brochure for more details.)
  • Interest earned on competitive tiered rates. Rate sheet available at any office or online at themerrimack.com.
  • This is a tiered variable rate account. At our discretion, we may change the interest rates and annual percentage yields at any time without notice. Fees may reduce earnings. Interest will be compounded every month and credited to your account every month. The daily balance method is used to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. On non-cash deposits (checks, for example), interest will begin to accrue no later than the business day the Merrimack receives credit for the funds.
  • According to federal regulation, no more than six (6) transfers and withdrawals are permitted per statement cycle by means of a preauthorized or automatic transfer, or a telephone or internet transaction, or by check, draft, debit card or similar order payable to a third party. A non-refundable Excess Transaction Fee of $15 will be assessed for each item over six (6) transfers if this limit is exceeded. There is a maximum of three (3) fees per statement cycle.

Business Money Market Account

This savings account was designed for all businesses, particularly those that maintain a minimum balance of more than $2,500. Features of the account include:

Learn More

  • A minimum deposit of $2,500 required to open an account.
  • Service charge of $8 per statement cycle waived with a $2,500 minimum balance.
  • No fee for the first 25 items 1 processed per statement cycle. $0.50 per item processed over 25.
  • Online Banking, Bill Pay, Telephone Banking, business debit card, combined statements, night deposit and eStatements are available at no additional cost.
  • Mobile Banking and Mobile Deposit is available at no additional cost to those who are eligible. Cash Management customers are not eligible.
  • GenGold® Business Partner Program Preferred Level benefits. (See the GenGold® Business Partner page for more details.)
  • This account can be linked to a checking account to help protect against possible overdrafts.
  • Interest earned on competitive tiered rates. Rate sheet available at any office or online at themerrimack.com.
  • This is a tiered variable rate account. At our discretion, we may change the interest rates and annual percentage yields at any time without notice. Fees may reduce earnings. Interest will be compounded every month and credited to your account every month. The daily balance method is used to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. On non-cash deposits (checks, for example), interest will begin to accrue no later than the business day the Merrimack receives credit for the funds.
  • According to federal regulation, no more than six (6) transfers and withdrawals are permitted per statement cycle by means of a preauthorized or automatic transfer, or a telephone or internet transaction, or by check, draft, debit card or similar order payable to a third party. A non-refundable Excess Transaction Fee of $15 will be assessed for each item over six (6) transfers if this limit is exceeded. There is a maximum of three (3) fees per statement cycle.
  • Unlimited withdrawals and transfers to another Merrimack County Savings Bank account, if done in person, by mail, messenger or ATM.

Business Plus Money Market

This savings account is designed for all businesses, particularly those with minimum daily balances of greater than $25,000. Features of the account include:

Learn More

  • $2,500 minimum deposit required to open account.
  • $10 monthly service charge waived with minimum daily balance of $25,000.
  • Interest is paid on a tiered rate. A minimum daily balance of $25,000 is required to earn interest.
  • An active business checking account in good standing is required.
  • Your associated checking account is “active” with 3 or more withdrawals or deposits within each statement cycle.
  • Your associated checking account is in “good standing” if you (1) make sufficient deposits to bring your account to a positive end-of-day balance at least once every 30 calendar days (including the payment of all bank fees and charges); and (2) there are no legal orders, levies or liens against your account.
  • No fee for the first 25 items processed per statement cycle. $.50 per item processed over 25. Items include each check processed, each check in a deposit and each deposit. Electronic deposits and payments do not count.
  • According to federal regulation, no more than six (6) transfers or withdrawals are permitted per statement cycle by means of a preauthorized or automatic transfer, or a telephone or internet transaction, or by check, draft, debit card, or similar order payable to a third party. A non-refundable Excess Transaction Fee of $15 will be assessed for each item over six (6) transfers if this limit is exceeded. There is a maximum of three (3) fees per statement cycle.
  • Unlimited withdrawals and transfers to another Merrimack County Savings Bank account, if done in person, by mail, messenger or ATM.
  • Online banking, Bill Pay, Telephone Banking, business debit card, combined statements, night deposit and eStatements are available at no additional cost.
  • Mobile Banking and Mobile Deposit are available at no additional cost to eligible customers (Cash Management customers are not eligible)

Sweep AccountsLearn More

Sweep Accounts conveniently help you achieve higher earnings on the funds you don’t use on a daily basis. With a Sweep Account, you can automatically maximize your earnings on excess account balances, so you don’t have to spend time shuffling funds.

Business CDsLearn More

Business CDs offer the security of guaranteed returns and are offered in a multitude of time frames to suit your specific needs.

Effective May 11, 2018, new rules under the Bank Secrecy Act require financial institutions to collect identifying information for the following individuals EACH time an account is opened for certain business customers:

  • Each individual that has 25 percent or more of the equity interest in the business; and
  • One individual that has the authority to exercise control of the legal entity, such as a CEO, executive officer or treasurer.

If you are opening an account on behalf of a business, you may be required to provide the appropriate documentation and to certify that this information is true and accurate to the best of your knowledge. Click here for more information or for a copy of our Beneficial Owner Certification Form.

 
 
1Items include each check processed, each check in a deposit, and each deposit. Electronic payments and deposits do not count.
2Earnings credit rate may change each statement cycle. Earnings credit can be used to offset maintenance and transaction fees each statement cycle. If earnings credit exceeds the charges, there will be no service charges. Excess earnings credit per statement cycle cannot be applied to the account to offset future fees. For information about earnings credits, and the current rate, please see a Branch Services Representative.
3 This is a tiered variable-rate account. At our discretion we may change the interest rates and annual percentage yields at any time without notice. Fees may reduce earnings. Rate sheet available at any office or online at themerrimack.com. Interest will be compounded every month, and credited to your account every month. The daily balance method is used to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. On non-cash deposits (checks, for example), interest will begin to accrue no later than the next business day.
4Interest earned on IOLTAs (Interest on Lawyers Trust Account) is paid directly to the New Hampshire Bar Foundation.