Checking Plans | Savings Plans | Loan Services
Checking Plans
You Want A Business Account that Benefits You, Northwestern Bank Delivers!
Below you'll find three special plans that put you in total control.
Not sure which account works best for you? Have one of our Account Representatives
produce a computer generated report showing how your choice impacts your
business. The report is Free and very easy to understand. Just provide
us with 2 to 3 month's history of your current activity and we'll do the
rest!
Business 1 | Business 2 Interest | Business 3
Business 1
You'll best qualify for Business 1 Checking if you or your business fits one of the following categories:• Small business
• Farm account
• Sole proprietorshipYou'll save money in this plan by keeping your monthly deposited checks at a maximum of 20 and your monthly check writing and debit items at a maximum of 20.
If you choose to go over these limits each excess item will only cost 20 cents.
This plan carries a modest $7 monthly service fee. However, as an incentive, whenever you maintain an average collected balance of $500 or more for the month and remain under the maximum check / debit items and deposit limits stated above, your account will be FREE for that month!
• 20 checks / debit items, Free, then 20 cents per item • 20 deposited checks, Free, then 20 cents per check • Modest $7/mo. service fee if your average collected balance is under $500 • FREE, when your average collected balance is above $500 for the month and you remain under the maximum limits stated above • NWB stores your check images Free or get your check images returned • Get an easy to use fully detailed statement at month's end
Business 2 Interest
You'll best qualify for Business 2 Interest Checking if you or your business fits one of the following categories:• Sole proprietorship*
• Eligible business, farm or group*You'll always earn interest when your average collected balance is above $1,000 for the month. You'll save money in this plan by keeping your monthly deposited checks at a maximum of 20 and your monthly check writing and debit items at a maximum of 20. If you choose to go over these limits each excess item will only cost 20 cents.
This plan carries a modest $7 monthly service fee. However, as an incentive, whenever you maintain an average collected balance of $1,000 or more for the month and remain under the maximum check / debit items and deposit limits stated above, your account will be FREE for that month!
• Earn monthly interest when your average collected balance is above $1,000 • 20 checks / debit items Free, then 20 cents per check • 20 deposited checks, Free, then 20 cents per check • Modest $7/mo. service fee if your average collected balance is under $1,000 • FREE, when your average collected balance is over $1,000 during the month and you remain under the maximum limits stated above • NWB stores your check images Free or get your check images returned. Get an easy to use fully detailed statement at month's end * Interest bearing checking accounts are available to businesses, farms, groups and sole proprietorships that are eligible to earn interest.
Business 3
You'll best qualify for Business 3 Checking when your business has a medium or high volume of transaction activity.
You can control your costs by taking advantage of some special features in this account.
Each submitted deposit ticket is 25 cents each. Deposited items will cost 5 cents each for checks drawn on a NWB account, and 7 cents each for checks drawn on other banks. There's no limit to your check writing and debit items, each costs 23 cents.
This plan carries a modest $7 monthly service fee. However, as an incentive, you'll get an earnings allowance on any positive average collected balance. That allowance could offset (either partially or completely) any of the charges listed above.
If your monthly average collected balance is less than zero, a charge will be assessed and added into the overall monthly service fee and no earnings allowance will be given.
• Get monthly earnings allowance when your average collected balance is above $0 • Your written checks and debit items are 23 cents each • Each submitted deposit ticket is 25 cents each • A deposited check is 5 cents each if drawn on NWB, and 7 cents each for checks drawn on other banks • Modest $7/mo. service fee • Additional monthly service fee assessed if average collected balance is below $0 • NWB stores your check images Free or get your check images returned. Get an easy to use fully detailed statement at month's end which includes an account activity analysis
Checking Plans | Savings Plans | Loan Services