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Deposit Products

 

Business Checking Accounts 

All of our Business Checking Accounts include these benefits

  • Free Business Online Banking
  • Bill Pay and eStatements
  • Merchant Card Services
  • Night Depository Services
  • Free ATM transactions at all Mansfield Bank ATMs

Accounts

Commercial Checking

Free Business Checking

Description

Use average balances to offset fees without limits on transactions.

Simple, hassle-free, so you can focus on your business.

Competitive Earnings Credit Allowance

Checkmark

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First 300 transactions per month are free

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Checkmark

Summary of Fees

(Mansfield Bank's Business Fee Schedule)

$6.00 per month

$0.50 for each deposit

$0.15 for each check paid

$0.15 for each ACH credit

$0.15 for each ACH debit

After 300 transactions, a $0.50 fee is assessed for each succeeding transaction.

Rate Information

Non-interest bearing

Non-interest bearing

Minimum Balance to Open

$10.00

$10.00

Business Money Market Accounts

Earn a highly competitive rate while enjoying total access to your funds. Requires a $2,500.00 balance to open. Contact us for details.

Business Elite Money Market Account

Program

Min. Daily Balance to earn APY

 APY*

 Interest Rate*

Min. Deposit*

Business Elite Money Market**

(Balances: < $20.00 - 0.00% APY)

 $20.00

 0.10%

 0.10%

 $2,500.00

Business Elite Money Market**

$2,500.00

0.15%

0.15%

$2,500.00

Business Elite Money Market**

$25,000.00

0.15%

0.15%

$2,500.00

Business Elite Money Market**

$50,000.00

0.25%

0.25%

$2,500.00

Business Elite Money Market**

$100,000.00

0.40%

0.40%

$2,500.00

Business Elite Money Market**

$250,000.00

0.50%

0.50%

$2,500.00

*Minimum Deposit is Minimum deposit to OPEN account. The interest rate and *Annual percentage yield (APY) are subject to change after the account is opened without notice. Fees may reduce earnings.

**Transfers from an Elite Money Market Account to another account or to third parties by pre-authorized, automatic, telephone or computer transfer, debit card or similar order to third parties are limited to six per month.

 

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