Demand Deposit Account Service
Demand Deposit Account Types
ACCOUNT FEATURES | DDA BASIC | DDA PREMIER | ||
---|---|---|---|---|
DDA Target Balance | $50,000/$250,000 | $50,000/$250,000 | ||
FDIC Insured | • | • | • | • |
FF Account with Interest Posted Daily | • | • | • | • |
DDA & FF Account Statements Daily or Monthly | • | • | • | • |
Fed Fund Line of Credit* | • | • | • | • |
Fed/ICBB Settlement Agreements Required | N/A | N/A | • | • |
1ST Look to Purchase ICBB Loan Participations | N/A | • | N/A | • |
Monthly OPT IN Credit | N/A | • | N/A | • |
OPT IN Agreement Required | N/A | • | N/A | • |
BBCONNECT Access Level | BASIC | BASIC | FULL | FULL |
BBCONNECT Maximum No. of Users | 5 | 5 | Unlimited | Unlimited |
BBCONNECT Training Session ## | • | • | • | • |
Settlement Wires Only | • | • | N/A | N/A |
Monthly Account Maintenance | $250 | No Charge | No Charge | No Charge |
Monthly Settlement-Fixed Fee | N/A | N/A | • | • |
Monthly Shareholders Discount if Applicable | • | • | • | • |
* (Subject to Underwriting & Approval)
DDA BASIC
Account Overview & Features:
DDA Target Balance Requirement of $50,000.00 with a Monthly Account Maintenance Fee of $250.00
OR a DDA Target Balance Requirement of $250,000.00 with no Monthly Account Maintenance Fee.
Monthly Shareholder Discount with Stock Purchase
Agent Federal Funds and/or Fed Fund + Investment
DDA Overdraft Protection Incl. with approved FF Line of Credit.
BBCONNECT Basic Access with a Maximum of 5 users including Designated Security Officers
Unlimited Domestic Settlement Wire Transfer’s Only under the BBCONNECT Basic Configuration
DDA PREMIER
Account Overview & Features:
DDA Target Balance of $50,000.00 or $250,000.00
Monthly Settlement-Fixed Fee
Monthly Shareholder Discount with Stock Purchase.
In-House Data Processor Banks Receive Incoming ACH Informational File Delivery at No Charge.
DDA Overdraft Protection Included with approved FF Line of Credit.
Unlimited Debit/Credit Entries Posted.
Unlimited ACH Returns/NOC’s/Origination Files, Inter-Respondent Transfers, and Currency & Coin Orders.
BBCONNECT Full Access with Unlimited Users and (1) Free On-Site Training Session if requested.
Agent Federal Funds and/or Fed Fund + Investment.