Alaska Pacific Bank: For All Your Goals and Plans

Business Checking
Choosing checking accounts for your business shouldn't be complicated or expensive. Alaska Pacific Bank offers accounts with the features you need—and most without per-check fees! Whether you need one basic business account, several operating accounts, or you have complex banking needs and are a candidate for Commercial Account Analysis, we can help.

Business Checking

A no-nonsense account that offers a simple fee structure and unlimited check writing privileges.

Benefits

•	Low monthly account fee.
•	Unlimited check writing with no per-check fee.

Features

•	Minimum balance to open: $300.
•	Monthly service charge is waived if a $7,500 daily balance is maintained.
•	Monthly statement.

Services that Can Be Added

•	Free Online Banking Or WebLink online banking (includes cash management, ACH, wire transfers, Bill Pay)
•	Target and Zero Balance Accounts
•	Overdraft Protection
•	Option to have image statement.

Fees

•	Account fee with daily balance of less than $7,500	$6.00/mo
•	Account fee with daily balance of $7,500 or More	N/C
•	Per-check fee	N/C
•	Sweep Services (optional) Zero Balance Account Target Balance Account	$20.00/mo $20.00/mo
•	Local sales tax may apply to service charges and fees.

Sole Proprietor & Non-profit Primary Checking

This affordable account for qualified business entities provides unlimited check-writing privileges and a lower minimum balance requirement. (For-profit corporations and partnerships are ineligible for this account.)

Benefits

•	Low monthly account fee.
•	Unlimited check writing with no per-check fee.
•	Low daily balance requirement for account fee waiver.

Features

•	No minimum balance requirement to open account.
•	Monthly service charge is waived if a $500 daily balance is maintained.

Services that Can Be Added

•	Free Online Banking Or WebLink online banking (includes cash management, ACH, wire transfers, Bill Pay)
•	Target and Zero Balance Accounts
•	Overdraft Protection
•	Option to have image statement.

Fees

•	Account fee with daily balance of less than $500	$5.00/mo
•	Account fee with daily balance of $500 or More	N/C
•	Per-check fee	N/C
•	Sweep Services (optional) Zero Balance Account Target Balance Account	$20.00/mo $20.00/mo
•	Local sales tax may apply to service charges and fees.

Sole Proprietor & Non-profit Interest Checking

An interest bearing checking account for qualified business entities. (For-profit corporations and partnerships are ineligible for this account.)

Benefits

•	Ability to earn interest on checking funds.
•	Unlimited check writing with no per-check fee.
•	Low daily balance requirement for account fee waiver.

Features

•	No minimum balance requirement to open account.
•	Monthly service charge is waived if a $1,000 daily balance is maintained.

Services that Can Be Added

•	Free Online Banking Or WebLink online banking (includes cash management, ACH, wire transfers, Bill Pay)
•	Target and Zero Balance Accounts
•	Overdraft Protection
•	Option to have image statement.

Interest Information

•	Interest is based on your minimum daily balance and is compounded monthly.
•	The interest rate/annual percentage yield is subject to change at any time, without notice.
•	Fees could reduce the earnings on your account.

Interest Rate Tiers:

Minimum Daily Balance	Interest Rate *	Annual Percentage Yield *
$0 to $999.99	0.00%	0.00%
$1,000 to $4,999.99	0.15%	0.15%
$5,000 or more	0.30%	0.30%

Fees

•	Account fee with daily balance of less than $1,000	$8.00/mo
•	Account fee with daily balance of $1,000 or More	N/C
•	Per-check fee	N/C
•	Sweep Services (optional) Zero Balance Account Target Balance Account	$20.00/mo $20.00/mo
•	Local sales tax may apply to service charges and fees.

Commercial Account Analysis

High-volume business checking customers or those with specialized cash needs may be placed on Commercial Account Analysis.

Benefits

•	Gives you the opportunity to use investable balances in your accounts to offset all or part of your monthly service fees.
•	The unused Earnings Allowance will be carried over to successive months through the end of the calendar year; therefore, any unused Earnings Allowance may partially or fully offset future services charges when your investable balances may be lower.

Features

•	Business activity is analyzed each month and reported to you.
•	Earnings Allowance is used to offset all or part of your monthly fees.
•	The Earnings Allowance Rate is a variable rate established by Alaska Pacific Bank (and may be as low as 0%). This rate is determined and subject to change monthly. It is set on the 15th of the month if it is a business day, or the last business day prior to the 15th.
•	The Earnings Allowance is calculated by multiplying the earnings allowance rate by the number of days in the month, dividing it by 365 days, and multiplying it by the Average Investable Balance for that month.
•	The Average Monthly Investable Balance is equal to the average daily collected balance of the account for each day of the month in which the collected balance was positive, less the average for the month of the daily reserve requirements imposed under federal law.
•	Please contact us for more information on this account.

Services that Can Be Added

•	Free Online Banking Or WebLink online banking (includes cash management, ACH, wire transfers, Bill Pay)
•	Target and Zero Balance Accounts
•	Overdraft Protection
•	Option to have image statement.

Commercial Account Analysis Fees

Fees for Account Services
Account maintenance fee	$8.00/mo
Posted debits	$0.15 ea
ACH entries	$0.08 ea
Posted deposits	$0.25 ea
Deposited items	$0.075 ea
Cash deposited (Per $100 deposited)	$0.07
Returned deposited items	$5.00 ea
Cash Services
Purchased coin	$0.10/roll
Purchased currency	$0.07/strap
Manual cash counting (roll or strap)	$30.00/hr
Commercial Account Service
Reserve requirement	10%
FDIC insurance premium (Per $1,000 of average collected balance on deposit)	$0.017
Sweep Services (optional)
Zero Balance Account	$20.00/mo
Target Balance Account	$20.00/mo
Earnings Allowance Rate
Tier One: Avg Monthly Investable Balance of $50,000+	90% of 3-mo LIBOR
Tier Two: Avg Monthly Investable Balance of $10,000-$49,999	80% of Tier One rate
Tier Three: Avg Monthly Investable Balance less than $10,000	60% of Tier Two rate
Negative Earnings Allowance Rate
Rate	WSJ Prime + 2%

Each day that an analyzed commercial account is overdrawn (based on collected funds), a charge will be imposed. The charge will be computed using the Negative Earnings Allowance Rate plus 2% and multiplying it by the number of days the account is overdrawn, divided by 365 days, multiplied by the average balance of the overdrawn collected funds for the month.

Local sales tax may apply to service charges and fees.