Business Deposit Accounts

Whatever the size of your business, there is sure to be an account to suit your needs. Achieve your business goals with solutions from Plumas Bank.

Deposit Accounts

As your business grows, so do your banking needs. Plumas Bank offers a wide selection of checking account options. Whatever the size of your business, there is sure to be an account to suit your needs.

 

IMPORTANT INFORMATION ABOUT OPENING A LEGAL ENTITY ACCOUNT

Effective May 11, 2018, new rules under the Bank Secrecy Act will aid the government in the fight against crimes such as terrorism, money laundering, tax evasion, fraud, and other national security threats.

EACH time an account is opened for a covered Legal Entity, we are required to ask you for identifying information (name, address, date of birth, social security number (as well as identification documents) for each individual that has beneficial ownership (25% or more) and one individual that has significant managerial control of the Legal Entity.

If you are opening an account on behalf of a Legal Entity, you will be required to provide the appropriate documentation and to certify that this information is true and accurate to the best of your knowledge.

We support all efforts to protect and maintain the security of our clients and our country. We appreciate your cooperation in assisting us to comply with this federal regulation.

 

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  • Deposit Accounts - Checking

    Local Business Checking

    When you write very few checks and have limited banking needs. This account is popular with seasonal and part-time business owners.

    Features

    • Minimum opening balance is $100
    • Monthly service charge is $12, 1st month free
    • Minimum daily balance to avoid monthly service charge is $2,000
    • Allowance of checks paid and non-Plumas Bank checks deposited is 150 combined; there is a $.20 charge per item for activity in excess of allowance
    • There is no limit on the number of Plumas Bank checks deposited
    • Check images are available for $2/statement
    • Early account closure fee (if closed within 90 days) is $25

    Benefits

    • Unlimited number of deposits
    • All Plumas Bank checks deposited are free
    • Free eStatements
    • Free Online Banking, Mobile Banking & BillPay

    Business NOW Checking

    When you want an interest bearing account and have a moderate number of transactions

    Features

    • Interest bearing; it is available to sole-proprietors, non-profit organizations, and governmental entities only
    • Minimum opening balance is $100
    • Monthly service charge is $15, 1st month free
    • Minimum daily balance to avoid monthly service charge is $5,000
    • Allowance of checks paid and non-Plumas Bank checks deposited is 100 each; there is a $.20 charge per item for activity in excess of allowance
    • Check images are available for $2/statement
    • Early account closure fee (if closed within 90 days) is $25

    Benefits

    • Interest bearing
    • Unlimited number of deposits
    • All Plumas Bank checks deposited are free
    • Free eStatements
    • Free Online Banking, Mobile Banking & BillPay

    Premium Business Checking

    When you have a high volume business with a large number of transactions

    Features

    • Minimum opening balance is $100
    • Monthly service charge is $18, 1st month free
    • Minimum daily balance to avoid monthly service charge is $5,000
    • Allowance of checks paid and non-Plumas Bank checks deposited is 150 each; there is a $.20 charge per item for activity in excess of allowance
    • There is no limit to the amount of Plumas Bank checks deposited
    • Check images are available for $2/statement
    • Early account closure fee (if closed within 90 days) is $25

    Benefits

    • Unlimited number of deposits
    • All Plumas Bank Checks deposited are free
    • Free eStatements
    • Free Online Banking, Mobile Banking & BillPay

    Business Analysis Checking

    When you process a very large number of transactions and/or handle a high volume of cash

    Features

    • Charges can be offset by earnings credit based on your account balance
    • Check images are available for $2/statement
    • Early account closure fee (if closed within 90 days) is $25

    Benefits

    • Unlimited check writing
    • Charged only for the services you use (For fees and charges contact your local branch office)
    • Free eStatements
    • Free Online Banking, Mobile Banking & BillPay
  • Deposit Accounts - Savings

    Regular Savings

    When you want instant access while earning interest on daily balance. Available to corporations.

    Features

    • Minimum opening balance is $100
    • Monthly service charge is $5
    • Minimum daily balance to avoid service fee is $300
    • Certain withdrawal transactions limited to 6/statement cycle, $5 thereafter

    A withdrawal is defined as any of the following types of transactions: Transfers in person, in person cash withdrawals, transactions by mail, telephone transfers, to make a loan payment, to purchase cashier's checks from your savings account, transfers from a savings account at another institution or third parties by preauthorization, automatic ACH or Online Banking. Debit Card and POS transactions are not allowed.

    Benefits

    • Funds are liquid and easily accessible
    • FDIC insured, provides peace of mind

    Money Market Savings

    When you want liquidity while earning money market rates. Available to corporations

    Features

    • Minimum opening balance is $100
    • Monthly service charge is $10
    • Minimum daily balance to avoid monthly service charge is $2,500
    • Certain withdrawal transactions limited to 6/stmt cycle, $5 thereafter

    Benefits

    • Earn a higher interest on daily balance
    • Flexibile transaction allowance
  • Deposit Accounts – Certificate of Deposit

    Add+vantage and Fixed Certificate of Deposit

    When you want guaranteed returns for a specific period of time.

    Features

    • Only $500 minimum opening deposit
    • CD early closure rates vary. Contact your Plumas Bank office for more details.

    Benefits

    • Earn a higher interest on daily balance
    • Automatically renewable

    Jumbo Certificates of Deposit

    When you want to deposit $100,000 or more and want guaranteed returns for a specific period of time.

    Features

    • $100,000 minimum opening deposit
    • CD early closure rates vary. Contact your Plumas Bank office for more details.

    Benefits

    • Earn a higher interest on daily balance; rate and term negotiated before opening
    • Automatically renewable
  • SEP (Simplified Employee Pension Plan)

    SEP (Simplified Employee Pension Plan)

    For customers who are employed by participating companies, this plan offers individuals an excellent means of building funds for retirement. Ask your local branch for details.