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Business Money Market Account

You will find that in today’s rapid business environment, it is essential to maximize the productivity of every aspect of your business, especially the cash in your business accounts. For Bank of Odessa business customer, money market accounts offer a safe and secure savings option with a higher rate of return than a checking account.

Give us a call (816) 230-4914 or stop by either of our convenient Bank of Odessa Locations. We can get you started today!

Business Money Market Account

Compounding frequency - Interest will be compounded monthly.

Crediting frequency - Interest will be credited into this account monthly.

Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of interest on noncash deposits - Interest will begin to accrue on the first business day after the banking day you deposit noncash items (for example, checks) into your account.

Minimum balance to open - The minimum balance required to open this account is $100.00.

Deposit limitations - You may make an unlimited number of deposits into your account. 

Limitations on frequency of transfers - A depositor is permitted to make no more than six transfers and withdrawals per calendar month, or statement cycle of at least four weeks, to another account, to a third party by preauthorized or automatic transfer, or telephone agreement, order or instruction, or by check, draft, debit card, or similar order to third parties. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the financial institution.
 
Fees and Charges - The following fees and charges apply to this account:

  • Excess Debit Fees:  An excess debit fee of $1.00 will be charged for each debit transaction in excess of six during a monthly statement cycle.
Notice

FDIC Insurance Coverage Permanently Increased to $250,000.00 - The Financial Reform Bill signed into law on July 22, 2010, has permanently increased FDIC Insurance Coverage from $100,000.00 to $250,000.00 per depositor. Should you have additional questions regarding your insurance coverage, you may access the FDIC’s website at www.fdic.gov/deposit.


The Bank of Odessa Card Alerts 1. Message frequency varies by account. 2. Message and data rates may apply. 3. Text HELP to 72586 for help or call (816) 230-4512. 4. Text STOP to 72586 to cancel. Participating carriers include AT&T, Sprint, T-Mobile, Verizon Wireless, Boost, Virigin Mobile, MetroPCS, Alltel, AWCC, Cricket, Google Voice, and U.S. Cellular. For privacy policy please click below.
Copyright 2011 by Bank of Odessa. All rights reserved. Equal Opportunity Lender and Member FDIC

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