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Item Count Analysis is a checking account option designed
for businesses that routinely receive and write a large number
of checks. This account is available to any business. Item
Count Analysis provides complete details of all charges for
business accounts and related services. Monthly statements
illustrate how account activity and related service charges
may be offset by an Earnings Credit Allowance* based on the
average balance held in the account.
The Corporate Sweep Analysis Account is designed for the larger
corporate customer and provides automatic cash management
of funds by utilizing retail repurchase agreements (or REPOs).
REPOS are short-term debt obligations of the bank. REPOS are
not FDIC-insured but are collateralized by U.S. securities,
which are fully guaranteed by the United States or one of
its agencies. With no FDIC maximum insurance guidelines, the
corporate customer is able to maintain secured balances in
excess of $100,000.
The Corporate Sweep Account
is two accounts in one. It combines the features of a Business
Checking Account with the investment features of a Commercial
Investment Account. A "target" balance is established
for the Business Checking Account. The "target"
balance should be a reflection of the daily operating needs
plus an amount necessary to offset fees associated with analysis.
The "target" balance is used to trigger automated
transfers ("sweeps") to and from the Corporate Sweep
Investment Account.
This account is analyzed
monthly and assessed fees as described in the fee schedule.
The higher the balances, the fewer the fees. A Corporate Sweep
Account agreement is required.
Vantus has created a special account specifically for
non-profit organizations. The Pinnacle Analysis account simplifies
the bookkeeping process, saves money on fees, and pays an
excellent rate of interest.
No longer will it be necessary
to transfer funds between checking and savings accounts because
Pinnacle Analysis combines the advantages of checking and
savings into just one account! Pinnacle Analysis offers a
terrific rate of interest so the funds are always earning
a great return. This account is re-priced monthly at a rate
equal to the 90-day rate on U.S. Treasury bills.
Pinnacle Analysis is analyzed
monthly and assessed fees as described in the fee schedule.
No earnings credit applies. Interest is earned on all balances.
The following benefits are
available on all Vantus business checking accounts:
- Free 24-hour account access with Touch
Tone Teller
- Free one-signature traveler's checks
- Free check safekeeping
- Free notary service
- Free consultation with Investment Representative
- Free consultation with ADP Business Solutions
Representative
- Free consultation with Cash Management Specialist
- Overdraft Courtesy**
*Earnings Credit Allowance rate is based on the previous month's
Fed Funds rate and is subject to change monthly. Earnings
Credit Allowance equals investable balance multiplied by the
rate divided by 365 (days/yr) multiplied by
by the number of days in the month. FDIC Assessment will be
calculated monthly at rates determined by the FDIC.
**Available
on qualifying sole proprietorship accounts.
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