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Peoples Bank of the South

Checking & Savings

Business Regular Checking

  • Initial deposit of $50.00 to open account.
  • Monthly Service Charge of $10.00.
  • Monthly Service charge may be waived by maintaining a daily balance of $1,000 or greater. 
 

NOW Business Account

  • Only for sole proprietorships.
  • Initial deposit of $2,000 to open account.
  • Must maintain a daily balance of $2,000 or greater to obtain the disclosed annual percentage yield.
  • Interest rate currently in effect may be obtained by asking for the current deposit rate disclosure.
  • The interest rate and annual percentage yield on your account may change. We may change the interest rate on your account at our discretion. Interest will be compounded and credited to your account on a monthly basis.
  • A monthly service charge of $10.00 (flat fee) will be assessed every statement cycle if the balance in the account falls below $2,000 on any day of the statement cycle.
  • You will be charged for check orders on this account according to the type of checks ordered.
     
You will have the option of ordering an Automated Teller Machine Card (ATM Card).
NOTE: Partnerships, Corporations, and LLCs must use for MMDA product.
 

MMDA Business Checking

  • Initial deposit of $2,500 to open account.
  • You must maintain a daily balance of $2,500 to obtain the disclosed annual percentage yield.
  • The interest rate currently in effect may be obtained by asking for the current deposit rate disclosure.
  • The interest rate and annual percentage yield on your account may change. We may change the interest rate on your account at our discretion.
  • You will be allowed to use up to 6 withdrawals or transfers per month.