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Peoples Bank of the South

Checking & Savings

Business Regular Checking

  • Initial deposit of $50.00.
  • Service Charge of $10.00.
  • Service charge may be waived by maintaining a $1,000 balance. 
 

NOW Business Account

  • Only for sole proprietorships.
  • Initial deposit of $2,000.
  • Must maintain an average daily balance of $2,000 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.
  • You must maintain an average 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 per month and will be charged for check orders on this account according to the type of checks ordered.