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BUSINESS BANKING
SMALL BUSINESS CHECKING ACCOUNT
Bank of Houston offers a small business checking account with:
- Monthly image statement
- 24 hour automated customer service
A $200.00 Account Opening Deposit
Monthly Service Charge:
A $12.00 Monthly Service Charge will be charged each statement cycle if the average daily balance falls below $5,000.00.
First 200 statement cycle transactions are free, with a .20 "per item" fee for any transaction over 200. This would include checks, debits, deposit slips, deposited items and credits.
COMMERCIAL NOW ACCOUNT
This account is available only to sole proprietorships and nonprofit organizations.
Bank of Houston offers businesses an interest bearing NOW account with:
- Monthly image statement
- 24 hour automated customer service
- Business Visa Debit Card
A $250.00 Account Opening Deposit
Monthly Service Charge:
A $10.00 Monthly Service Charge will be charged each statement cycle.
Other "Per item" fees as follows:
.15 for each debit transaction
.12 for each credit transaction
COMMERCIAL MONEY MARKET SAVINGS ACCOUNT
Bank of Houston offers businesses an interest bearing money market savings account with:
- Monthly image statement
- 24 hour automated customer service
A $2,500.00 Account Opening Deposit.
The average daily balance must exceed $2,500.00 to accrue interest for that day.
Monthly Service Charge:
A $10.00 Monthly Service Charge will be charged if the average daily balance falls below $2,500.00 during the statement cycle.
You may only make six transfers/withdrawals from your account each month. A $10.00 excessive withdrawal fee will be assessed for each transaction over this limit. Bank of Houston reserves the right to close or re-classify your account if these limitations are exceeded on a recurring basis.
Tiered rate structure. Interest is compounded monthly. Interest will be credited to your account every month. The interest rate may change at any time.
MMA Tiers:
$ 2,500.00 - 49,999.99
$ 50,000.00 - 99,999.99
$ 100,000.00 - 499,999.99
$ 500,000.00 - 999,999.99
$ 1,000,000.00 - 1,499,999.99
$ 1,500,000.00 - 1,999,999.99
$ 2,000,000.00 and over
COMMERCIAL ACCOUNT ANALYSIS ACCOUNT
Bank of Houston offers businesses a commercial "account analysis" checking account with:
- Monthly image statement
- 24 hour automated customer service
A $200.00 Account Opening Deposit
Monthly Service Charge:
$12.50 monthly service charge
Other Fees:
.10 fee for any deposited item
.15 fee for any paid check
.30 fee for all deposits
.10 fee for each coin roll
.25 fee for each bill strap
Earnings Credit:
The earnings credit is based on a variable rate per $100 in average daily balances in your account. This rate may change at any time without prior notice.
CERTIFICATE OF DEPOSITS ACCOUNT
Bank of Houston offers you competitive rates on certificates of deposits.
- A $1,000.00 minimum deposit to open account
- Interest is compounded monthly
- Interest can be paid monthly, quarterly, semi-annually, annually, or at maturity
- Penalty for early withdrawal
Certificates of Deposits are offered in terms of 30 days to 5 years. You may only make deposits into this account at maturity or during the 10-day grace period.
Important Information about procedures for opening a new account: Federal Law requires that all financial institutions obtain, verify and record information that identifies each person who opens an account in order to help in preventing the funding of terrorism and money laundering activities. Therefore, when you open an account, be prepared to give your name, address, date of birth, social security number and other identifying information that will enable us to verify your identity.
CASH MANAGEMENT
Bank of Houston's Cash Management products allow you the flexibility and functions you need to control your business's finances. Access your accounts, manage your cash, process payroll, initiate wire transfers and pay invoices online.
For more information call a Bank Representative @ 713-789-6100.
Other Cash Management functions include:
Lockbox Services
Every day, incoming receipts are picked up at the Post Office and deposited into the business account, minimizing collection float. View detail account of funds online.
Sweep Accounts
Assume greater control over your cash position and eliminate the need to monitor balances for multiple accounts.
BANKING SERVICES
Visa Debit Cards
Credit Cards
Merchant Services
Wire Transfers
Direct Deposits
Eagle Express
On site ATM
Night Depository
Safe Deposit Boxes
Treasury Tax and Loan payments accepted
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