At Bank
of Michigan, we offer you true relationship banking that focuses on
what is important to you and the value of your time.
NOW BUSINESS CHECKING
- Interest Bearing Account
- Easy Access to your funds
- Also, if you have a Bank of Michigan Certificate of Deposit of $10,000 or more, we will waive the minimum balance and per check/debit fees.
Minimum Balance Requirements
An opening deposit of $500 is required. A daily collected balance of $500 is required to avoid a service charge.
Transaction Limitations
There are no transaction limitations on this account, provided funds are available to complete all transactions.
BUSINESS MONEY MARKET
- Interest Bearing Account
- Easy Access to your funds
Minimum Balance Requirements
A deposit of $2,500 is required to open this account. A daily collected balance of $2,500 is required to avoid a service charge.
Transaction Limitations
You may make up to six (6) transfers from your account each statement cycle without incurring a service charge. Of the six, no more than three (3) may be payments by checks to third parties.
Compounding and Crediting
Interest will accrue daily, compound and credit monthly. Closing the account prior to interest payment will result in forfeiture of accrued interest.
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