Cheyenne State Business Banking Features:
"Small Business Account"
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Minimum Balance of $500.00
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No more than 100 items through the
account each statement cycle. (100
items to include check, deposits,
deposited items) If balance falls
below $500 or more than 100 items
are processed during the statement
cycle, their will be a $10.00 charge.
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Free cancelled check storage, check imaging, or return of original items.
"Business Account"
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Minimum balance of $5,000.00
unlimited activity on account if,
balance falls below $5,000.00 during
statement cycle, their will be a
$15.00 service charge. Free
cancelled check storage, check
imaging or return of original items.
Business Money Market Savings
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$2,000 minimum balance to avoid service charge
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$10.00 service charge if balance drops below $2,000 anytime during
statement cycle
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Account is limited to (6) pre-authorized withdrawals per month
(3) which may be by check
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Earns interest - Tiered Rates ($2,000 minimum balance to earn interest)
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$2,000 to $24,999
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$25,000 and over
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Interest paid monthly
Wide Variety of Terms
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3 Month Fixed Rate
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6 Month Fixed Rate
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12 Month Fixed Rate
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18 Month Fixed Rate
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24 Month Fixed Rate
Tiered Rates
If account has original maturity of 1 year or less:
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The fee imposed will equal ONE
months interest on the amount withdrawn
If account has original maturity of more than 1 year:
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The fee imposed will equal THREE
months interest on the amount withdrawn
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Interest Deposited into Cheyenne
State Bank Checking or Savings account or compounded
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Grace period 10 days after maturity
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Automatically renews if not notified by customer within grace period
Commercial Loans
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Business Expansion
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Commercial Buildings
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Equipment
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Lines of Credit
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Rental Property Ownership
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Vehicles
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