BenefitsBasic Business CheckingCommercial CheckingBusiness Plus CheckingNon-Profit Checking3IOLTA3,4
Minimum Deposit to Open$50$50$50$50$100
Monthly Service Charge$5$8$15$5N/A
Requirement to Waive Service Charge$100 minimum daily balanceEarnings Credit2 used to offset service charge$5,000 minimum daily balance$500 minimum daily balanceN/A
Minimum Daily Balance to Earn InterestN/AN/AN/A$500$1,000
Account DetailsNo fee for first 100 items1 processed per statement cycle. $0.50 per item processed over 100. Earnings Credit2 Transaction Fees:
- Each check processed $.20
- Each item in a deposit $.12
No fee for first 300 items1 processed per statement cycle. $0.50 per item processed over 300. No fee for deposited items. No fee for first 50 checks processed each statement cycle. $.12 per check processed over 50.No fee for deposited
items.

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.