Business Accounts

COMMERCIAL CHECKING

Credit of $.20 is given for each $100.00 of average collected balance during the month. In many cases these credits offset any maintenance or service fees the account may incur.

• A maintenance fee of $6.00 will be charged for each monthly statement cycle.
• A ledger entry fee of $.16 will be charged for each credit or debit entry.
• $0.07 fee for each foreign item deposited

MONEY MARKET SAVINGS ACCOUNT

• Available to ALL Customers
• To Open the Account - $2,500.00
• Interest is compounded and credited to your account Every Month.

We use the daily balance computation method to calculate the interest in your account, which applies a daily periodic rate to the principal in the account each day.  You must maintain the minimum   $1,500.00 balance to earn interest and maintain the minimum $1,500.00 balance to obtain the disclosed annual percentage yield.

Maintenance Fee – A monthly fee of $4.00, however, no maintenance fee is charged if $5,000.00 avg. collected balance is maintained or if $2,500.00  minimum balance is maintained.

Transaction Limitations – Transfers from this account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per monthly statement cycle with no more than three by check, draft debit card, or similar order to third parties.

Transaction Fee – Withdrawals exceeding the above listed limitations will be charged an excessive withdrawal fee of $2.50 per item after six withdrawals.

Rate information and frequency of rate changes – At our discretion, your interest rate and annual percentage yield may change at any time.

Accrual of interest on noncash deposits – Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items .

Business Services

ACH Collection Services

The automatic scheduling of transfers has become a preferred way of collecting cash from customers. ACH collection means your funds are available faster and makes cash flow prediction more precise.

ACH Disbursement Services

Not only do ACH payment decrease check fraud, it is a low cost means of assuring that your that your payments move quickly and efficiently.

Fedwire Services

This service is useful when moving funds as a payment or collection. You receive immediate access to funds wired to your account.

Zero Balance & Sweep Accounts

Oklahoma Bank can automatically transfer funds into your account to cover payments, leaving an efficient audit trail and protection from overdrafts.