Descriptions of Business and Personal Accounts

Descriptions of Business and Personal Accounts

Simplified solutions, tailored services. Choose the account that grows with you and pair it with the exceptional customer support you can only find at Beach. Not sure which to choose? Contact one of our branches for a customized consultation today.

Business Banking Solutions

Small Business Checking 

Designed especially for small to mid-sized businesses with a moderate amount of account activity

  • $100 minimum deposit to open
  • $15 monthly service charge if average daily balance falls below $1,500
  • 250 items FREE per month; $0.25 per item in excess
  • Free Online and Mobile Banking
  • Free Online Bill Pay, up to 10 payments per month
  • eStatements required; $3.00 per paper statement

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Commercial Checking 

Designed for businesses with higher balances and higher transaction volume

  • $250 minimum deposit to open
  • $15 monthly service charge which can be reduced or eliminated based on earnings credit and account balance
  • $0.15 per item
  • Free Online and Mobile Banking
  • Free Online Bill Pay, up to 10 payments per month
  • Free eStatements

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Business Interest Checking

Benefit from a full service checking account while earning interest (Sole Proprietor/Non-Profit only)

  • $250 minimum deposit to open
  • $15 monthly service charge if average daily balance falls below $2,500
  • 100 items FREE per month; $0.25 per item in excess
  • Free Online and Mobile Banking
  • Free Online Bill Pay, up to 10 payments per month
  • Tiered interest rate structure*
  • *Interest is compounded daily, credited monthly.

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Commercial Money Market

Maintain access to your business funds while helping them grow

  • $1,500 minimum deposit to open
  • $15 monthly service charge if average daily balance falls below $2,500
  • Only 6 debit transactions allowed per monthly statement cycle; $6.00 per debit item in excess
  • Free Online and Mobile Banking
  • Free eStatements
  • Tiered interest rate structure*
  • *Interest is compounded daily, credited monthly

Federal law limits transfers to another account or third parties by pre-authorized, automatic, or telephone transfers to six (6) per month.  If an account continuously exceeds the debit transactions allowed, we are required by law to reclassify or close the account.

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Personal Checking Solutions

Simplicity

On the go and looking for something simple and convenient.

  • Complimentary MasterCard® debit card with unlimited transactions
  • Unlimited check writing
  • Monthly eStatements (required)
  • $100 minimum deposit to open
  • $10 monthly service charge if average collected balance falls below $500

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Preferred

Get the best of both worlds: checking account accessibility with the earnings power of a savings account.

  • Complimentary MasterCard® debit card with unlimited transactions
  • Complimentary checks (Bank stock single checks)
  • Complimentary cashier’s checks and money orders
  • Unlimited check writing
  • Discount on small safe deposit box
  • $100 minimum deposit to open
  • $8 monthly service charge if average collected balance falls below $1,000
  • Imaged monthly statements
  • Interest compounded daily and credited monthly

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Assurance

A special privilege extended to our customers 50 years of age and above. For those more experienced in life who deserve features and benefits to match.

  • Complimentary MasterCard® debit card with unlimited transactions
  • Complimentary checks (Bank stock single checks)
  • Complimentary cashier’s checks and money orders
  • Unlimited check writing
  • Discount on small safe deposit box
  • $100 minimum deposit to open
  • $8 monthly service charge if average collected balance falls below $500
  • Interest compounded daily and credited monthly

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Personal Saving Solutions

Prosperity

Set your sights on your long-term goals and put your money to work for you.

  • $100 minimum deposit to open
  • Tiered interest rate: higher interest rate with higher balance
  • $6 service charge per quarter if average collected balance falls below $1,000
  • Three (3) debit transactions allowed per month: each additional debit is $3 regardless of balance
  • Quarterly statements
  • Interest compounded daily and credited monthly. Federal law limits transfers to another account or third parties by pre-authorized, automatic or telephone transfers to 6 per month. If an account continuously exceeds the debit transactions allowed, we are required by law to reclassify or close the account.

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Foundations (for ages 0-17)

It’s never too early to start: Plant the seeds of savings early for your young ones with an interest-bearing savings account.

  • $1 minimum deposit to open
  • No minimum balance requirement
  • Account must be joint with parent or guardian
  • Two (2) debit transactions allowed per month; each additional debit is $3 regardless of average collected balance
  • Quarterly statements
  • Interest compounded daily and credited monthly
  • Account converts to Prosperity account at age 18

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Money Market Deposit Account (MMDA)

Prefer to carry a larger balance? Take advantage of our higher interest rates.

  • $100 minimum deposit to open
  • Tiered interest rate: higher interest rate with higher balance
  • $6 service charge per quarter if average collected balance falls below $1,000
  • Six (6) debit transactions allowed per month; each additional debit is $3 regardless of balance
  • Quarterly statements
  • Interest compounded daily and credited monthly

Federal law limits transfers to another account or third parties by pre-authorized, automatic or telephone transfers to 6 per month.

If an account continuously exceeds the debit transactions allowed, we are required by law to reclassify or close the account.

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Season’s Savings

Formerly known as The Sandy Santa, this account reminds us to beat the rush and start saving now for your holiday shopping!

  • $1 minimum deposit to open
  • Account paid out annually by check
  • One debit allowed annually; $6 for each additional debit
  • Interest compounded daily and credited annually
  • No monthly service charge

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