Commercial Checking | Mid-Atlantic Federal Credit Union

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Commercial Checking

If your business has a higher monthly transaction activity, MAFCU Commercial Checking could be the best choice for you. This account features:

** Earnings Credit Calculation: The earnings credit is derived by taking the average collected balance times the number of days in the month times the earnings credit rate divided by the number of days in the year, minus the average uncollected balance times the number of days in the month times the uncollected funds rate divided by the number of days in the year, minus any monthly fees. The earnings credit rate is based on the WOW checking account rate plus .10%. The uncollected funds rate is based on CitiGroup Prime + 2% as listed in the Wall Street journal as of the 25th of the preceding month. If the calculation result is negative, it will be posted as a fee and deducted from your account on the first day of the following month.


Deposit to Open
$100.00 

Print out generated 06/28/17, 1:30:21 AM, from the Mid Atlantic Federal Credit Union web site at https://www.mafcu.org/build-your-business/checking/commercial-checking.