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Business
Money Market Account
A
money market account is a great way to earn even more
income.
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Market
sensitive interest rates. |
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No
monthly fees if minimum daily collected balance
exceeds $2,500. |
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Transfer
funds between checking and savings by phone, ATM
or Internet Banking within transaction limits. |
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Overdraft
protection for your Foundation Bank business checking
account. |
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No fee use of ATM/Debit Cards at Foundation Bank or non-Foundation Bank ATM’s. |
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Per Regulation D, any combination of transfers and withdrawals (to include those made by check, draft, debit card, electronic medium, or similar order) are limited to no more than six per calendar month or statement cycle. |
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Overdraft Protection
Overdraft
Protection is a service that protects your bottom line
in the event of an emergency. It’s an invaluable
asset for your business that transfers funds from a
savings, money market or credit account to a checking
account if the account becomes overdrawn.
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The
choice of one credit or one savings account to cover
overdrafts in increments of $1,000. |
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Advances
from savings or money market account to cover
the overdraft in increments of $1,000.
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Credit
line advances made in increments of $1,000. |
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IOLTA
and IRETA Accounts
These
are interest-bearing accounts used by attorneys or for
real estate transactions in which funds may be pooled
for several clients or held separately for a single
client. For pooled accounts, interest is paid to the
Legal Foundation of Washington or the Washington Housing
Trust Fund as appropriate.
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