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Checking & Savings Accounts | Cash Management | Cash Management Demo

Checking & Savings Accounts

small BUSINESS CHECKING

Designed for the small business with account activity levels of less than 200 items per month.

• A deposit of $25 is required to open this account
• No monthly service fees will be charged if the account maintains a $500 minimum daily balance during the monthly statement period
• If the required minimum balance is not maintained, the monthly service charge will be $10
• Free optional check images available
• For sole proprietors, not-for-profit organizations, and governments or municipalities, interest can be earned on this type of account.  Minimum balance to earn interest - $500
• Interest earned at the following tiers:     $500 - $49,999                                                                                    $50,000 and over                                                                                       
  

Commercial CHECKING

Designed for the business with account activity levels of 200 or more items per month. Monthly service charges are offset by an EARNINGS CREDIT on the account's average collected balance.

• A deposit of $25 is required to open this account.
• Free optional check images available
• Service charges below are offset by earnings credit calculation:
  • Monthly service charge ..................... $8.00
  • Per debit/check Paid...........................$0.15
  • Per Item Deposited.............................$0.06
  • Uncollected funds used fee...... prime + 2.0%
• The average collected balance is calculated as the average daily balance during the statement period less the average funds in float. Funds in float is the amount of checks in the process of collection. If the average collected balance is negative, the amount is considered uncollected funds used. Uncollected funds used are charged an annualized rate of prime + 2.0%.
• If the average collected balance is positive, an earnings credit is calculated to offset the monthly service charges. This credit is based on the previous month's 90-day T-bill rate.
• If the calculated earnings credit is greater than the total of the monthly service charges, monthly charges will not be assessed. If the earnings credit is less, the difference between the earnings credit and the monthly service charges will be assessed.

BUSINESS MONEY MARKET

• A deposit of $25 is required to open this account
• A minimum daily balance of $1,000 is required to earn interest
• If the required $1,000 minimum daily balance is not maintained during the monthly statement period, the monthly service charge will be $15
• Interest is paid on a tiered level based on the balance in the account each day. If the account balance falls within a tier, the interest rate for that tier is paid on the entire balance for that day.
• Four interest tiers:
  • $ 1,000 to $9,999.99
  • $10,000 to $24,999.99
  • $25,000 to $99,999.99
  • $100,000 and over
• Interest is computed on the daily balance, compounded monthly and is credited monthly.
• Check images are not available on this account
• Transfers from a Business Money Market Investment account to another account or a third party by preauthorized, automatic, telephone, or computer transfer are limited to six per statement period, with no more than three by check, draft or similar order to third parties

Savings Account

Business Savings

• A deposit of $25 is required to open this account
• No monthly service charge will be assessed if the account maintains a $100 minimum daily balance during the month
• If the required balance is not maintained, a monthly service charge of $2 will be assessed
• Interest is computed on the daily balance, compounded daily and credited quarterly
• No minimum balance is required to earn interest
• Transfers from a Business Regular Savings account to another account or a third party by preauthorized, automatic, telephone, or computer transfer are limited to six per month with no transfers by check, draft or similar order to third parties

 

Cash Management

Dairy State Bank is now offering Cash Management services to our business customers. This new service will definitely benefit the customer's access to their accounts including extended cut-off times. Whether you're checking an account balance while in the office or moving money from one account to another at home, Cash Management is available to you 24 hours a day, 7 days a week. Your accountant will also benefit by being able to save time and receive bank information quicker, view current and previous day balances and upload ACH files at their convenience. Check out the list of features below to see what best fits your needs!

• Have controlled and administrative access levels for multiple users
• Do ACH Origination (Payroll) - Any NACHA formatted file can be uploaded
• Transfer funds between accounts
• Make Loan Payments and Advances Online
• View account balance information
• View account transactions and histories
• View check images
• View statements
• Place Stop Payments
• Initiate Wire Transfers
• Make Electronic Tax Payments

When it comes to your money, we know that security is the number one issue. With Cash Management, your money is extremely safe. We take an extra measure of protection by utilizing high-end firewalls and exclusive encryption software to prevent outside interference.

View the Cash Management Demo

We welcome you to preview Cash Management to see what it can do for you. Using the following Login ID and Password, follow this link to access our demo accounts.

Dairy State Bank Online Banking ID: CMDEMO
Dairy State Bank Online Banking PIN: DEMO123

Cash Management ID: 9081C00004
Cash Management Password: ABC123

For further information, please contact Tina or Margie in Rice Lake at           715-234-9181 and Kris in Menomonie at 715- 235-5511 and get signed up!