The Texas Money Market - Commercial account is a interest bearing
account that can be opened by a small business.
| Opening Balance:
|
$1,500.00 |
| Minimum
balance to avoid $15 monthly service fee: |
$2,500.00 |
| Transaction
Fees: |
6 debit transactions allowed per month
$15 fee for excessive transactions each month
|
| Features: |
Detailed monthly statements with Check Images
|
FEDERAL TAX DEPOSIT
A service available for businesses to make their federal tax deposits for
their FICA & FIT specifications.
Effective July 1, 1997, all federal tax deposits must be made
electronically. There are two methods:
- The Debit Method: The customer sets up through the state. After set
up, the customer can call into the bank and have their account debited
the next business day via ACH.
- The Credit Method: The customer must come into the bank to fill out
the agreement. Then, prior to each tax deposit becoming due, the
customer must call the bank 3 business days in advance to specify the
amount. There is a $5.00 charge per tax deposit made and the customer’s
account will then be debited via ACH.
|
