Business Choice Checking Account Features
24/7 Telephone Banking
Online Banking
Mobile Banking
Checkfree Bill Pay
Product Information
Minimum Opening Account Balance
$1,000
Monthly Maintenance Charge
$35. Monthly maintenance charge can be waived if $35,000 combined average available daily balance* is maintained in the linked qualifying business deposit accounts per statement period.
(The first five (5) Business Choice Checking Accounts within a billing relationship are included in the Monthly Maintenance Charge. For Business Choice Checking Accounts in excess of five (5) within the same billing relationship, there is an additional charge of $20 per account per statement period.)
Transaction Charge
No fee for the first 300 transactions. $0.25 per item that exceeds 300 per statement period.
Transaction count includes paid checks, deposited items and posted deposits (includes over the counter deposits) per statement period.
Global Treasury Management Solutions Online Wire Module
First three (3) Domestic online outgoing wire fees waived per month; $15 each after first three (3).
First International online outgoing wire (USD) fee** is waived; $20 each after first (1).
International online outgoing wire (FX) fee** $10 each.
First ten (10) Incoming wire fees waived per month; $10 each after the first ten (10).
Remote Deposit Capture (RDC)
Monthly Maintenance for Mobile Deposit*** is waived.
Remote Deposit Capture (RDC) Deposit Charge*** waived for first ten (10) deposits; $1 each after first ten (10).
Remote Deposit Scanner monthly maintenance fee $25 for up to five (5) accounts and $10 for each additional linked account.
Remote Deposit Capture (RDC) Scanner
Scanner lease $0 monthly with a 2-year contract.
Early Cancellation Fee: $250 for single feed scanner, $350 for multi-feed scanner.
ACH Origination
ACH Credit Prefund Module (no debit origination) monthly maintenance fee waived.
ACH batch fee waived.
$0.17 fee for each ACH recipient item.
Online Stop Payment
First five (5) fees waived per month.
$20 each after the first five (5).
Online Banking
Business Online Banking (Information Reporting) available.
ATM Access
Access through the Bank of Hope, Allpoint and MoneyPass networks are free; however, a fee may be charged for access through other ATM networks and may vary depending on the network provider.
*The average available daily balance is calculated by adding the available balance in the account for each day of the period and dividing that figure by the number of days in the period.
**Only Bank of Hope fees are waived. Additional fees may be charged by third parties or other banks, in addition to those described above.
***Daily deposit limit for RDC (Scanner and Mobile Deposit) is $50,000 total for all linked qualifying accounts.
The content of this page is informational only. Account is subject to approval. The terms of the account, including any fees or features, are subject to change without prior notice except as required by law. Other fees and charges may apply. Please contact your local Bank of Hope branch for details. The account is covered by FDIC insurance up to the maximum allowed by law. See Account Product Disclosure (PDF) for more information.
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*The average available daily balance is calculated by adding the available balance in the account for each day of the period and dividing that figure by the number of days in the period.
**Only Bank of Hope fees are waived. Additional fees may be charged by third parties or other banks, in addition to those described above.
***Daily deposit limit for RDC (Scanner and Mobile Deposit) is $50,000 total for all linked qualifying accounts.
The content of this page is informational only. Account is subject to approval. The terms of the account, including any fees or features, are subject to change without prior notice except as required by law. Other fees and charges may apply. Please contact your local Bank of Hope branch for details. The account is covered by FDIC insurance up to the maximum allowed by law. See Account Product Disclosure (PDF) for more information.
