Preferred Business Checking Account 

Rate Information – The account is a non-interest bearing account. 

Limitations - You must deposit $50,000.00 to open this account. There is a monthly maintenance fee for this account in the amount of $50.00. 

Account Features: Unlimited check writing, unlimited deposits, no fee for paid checks, coin and currency transactions, free ATM access at Cross County ATMs, ACH and direct deposit, free online banking and online bill pay and Business Debit Card. 

Business Overdraft Protection: Overdraft protection is only available for checks presented for payment through “in clearing” or for ACH debits. Overdraft protection cannot be accessed via an ATM, Debit Card transactions or an over the counter transaction at a branch location. Overdraft protection is not free. There is a $50.00 per item charge for items paid against insufficient funds regardless of the amount of the item. The maximum overdraft protection is $1,000.00 plus the above mentioned per item charge for paying the item. Cross County Savings Bank reserves the right to discontinue this service at our discretion. Abuse of this service may result in the closure of this account upon reasonable notice to you, and the tendering of the account balance to you personally or by mail. 

Our Rights to Terminate Your Account. We may close your account at any time. We will notify you if we do so. We may refuse to pay any check presented to us for payment after our notice. We may mail you our check for the balance of the account. If your account has been inactive for at least ninety (90) consecutive days, we may close the account without notice to you. 

Account Transfer. Cross County Savings Bank (“Bank or We”) reserves the right, in its sole discretion and without notice to you, to transfer you from a Preferred Business Checking Account into the bank’s standard business checking account, or similar product, at any time if your daily account balance has fallen below $50,000.00 (“Account Minimum”). 

Account Fees. Refer to our fee schedule for fees that could reduce the balance in your account. We may amend these terms and conditions at any time by mailing a notice to you or, if applicable law permits, by posting a notice in our branch locations. The change shall become effective thirty (30) days after we give you notice, unless applicable law requires longer notice. 

Preferred Business Checking Funds Availability - The following provision will modify the Bank’s Funds Availability Policy to the extent that it is expressly inconsistent with the terms set forth in such policy. Any modification is expressly limited to the Preferred Business Checking Account only: 

*Large Deposit Expedited Clearing of Checks: As a feature of the Cross County Savings Bank Preferred Business Checking Account, the Bank will make the first $200.00 of a deposit in excess of $5,000.00 available on the first business day after the day of your deposit. The remaining funds will be available on the second business day after the day of your deposit. This feature will only apply to checks that are deposited into your account at a Cross County Savings Bank teller station. Any other method of deposit including, but not limited to, ATM deposits will not be eligible for Large Deposit Expedited Clearing of Checks. 

The Bank in its sole discretion may choose to apply its standard Funds Availability Policy to any large deposit (deposits in excess of $5,000.00) if the funds available for withdrawal in your account at the time of the deposit are less than that of the large deposit. 

Longer Delays May Apply: Funds you deposit by check may be delayed for a longer period under the following circumstances: 

  • We believe a check you deposit will not be paid. 
  • You redeposit a check that has been returned unpaid. 
  • You have overdrawn your account repeatedly in the last six months. 
  • There is an emergency, such as failure of computer or communications equipment. 

Please see the Cross County Savings Bank Deposit Account Disclosures/All About Your Account(s) Terms and Conditions as additional extended check holds may apply. 

We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the seventh business day after the day of your deposit. 

The Cross County Savings Bank Deposit Account Disclosures/All About Your Account(s) Terms and Conditions apply to this product, and are incorporated herein by reference. Please refer to the Deposit Account Disclosures/All About Your Account(s) Terms and Conditions for a detailed explanation. The terms stated above only apply to the product identified above. To the extent that the terms stated above are inconsistent with the Deposit Account Disclosures/All About Your Account(s) Terms and Conditions, the terms stated above will prevail and supersede any inconsistent provision(s). 


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