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New Special CD Rates Available!
Click here for current Rates, yields, and details.
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| Checking Accounts
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A primary mission of ColomboBank is to assist in the growth and prosperity of your business. No matter how large or small, your business can benefit from the resources of a community bank that understands the challenge of starting or growing your organization.
Business Checking
The Business Checking Account is established to provide the efficient and accurate management of funds on a daily basis.
- A monthly consolidated statement detailing the balances and activity of your commercial checking account along with images of all checks and deposit slips.
- With Commercial Checking, you will receive a monthly earnings credit allowance computed on the average collected balances. Some fees can be offset by the earnings credit allowance.
- There is a $15.00 monthly maintenance fee which is put through account analysis.All of the per item fees run through account analysis. They include, $.14 per check, $.25 per deposit, $.10 per deposited item, $.10 per debit, credit or ACH item.
- There is a $250.00 minimum balance to open this account.
Small Business Checking
The Small Business Checking Account is perfect for those commercial customers who have a lower volume of activity.
- A monthly consolidated statement detailing the balances and activity of your small business checking account along with images of all checks and deposit slips.
- No monthly maintenance fee if a daily balance of $2,000.00 is maintained. If the balance drops below this amount, there is a $15.00 monthly maintenance fee.
- The first 200 items per month are free. After that there is a $.25 fee per item.
- There is a $250.00 minimum balance to open this account.
Commercial NOW
This account is for Sole-Proprietorships, Non-Profit Organizations, Unincorporated Professionals and other Individuals needing an account for business purposes.
- A monthly consolidated statement detailing the balances and activity of your Commercial NOW account along with images of all checks and deposit slips.
- Interest will compound daily and be paid monthly on the average daily balance in your account. Click here for current rates and yields.
- No monthly service charge with an average daily balance of $1,000.00.
- If the balance drops below $500.00, there will be a $10.00 maintenance fee as well as a $.15 per debit fee.
- There is a $500.00 minimum deposit to open this account.
Interest on Lawyer's Trust Account (I.O.L.T.A.)
This special account is for lawyers participating in the IOLTA program. The account allows attorneys to hold small escrow funds in an interest-bearing checking account. Interest earned on the account is sent to the Maryland Legal Services Corporation.
- A monthly consolidated statement detailing the balances and activity of your Commercial NOW account along with images of all checks and deposit slips.
- Interest will compounded daily and will be credited to the account monthly. Click here for current rates and yields.
Click here for an account application. Then, either bring the application to the branch location nearest you or mail it in with your opening deposit.
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