Commercial Banking Services

FIRST BANK AND TRUST OF MISSISSIPPI COMMERCIAL PRODUCTS
Commercial Accounts – Checking, Savings, Money Market and Certificates of Deposit

Minimum balance to open this account

$100.00 minimum deposit to open this account.

Monthly Service Charges

No monthly service charge assessed on this account. First 100 items free, after that, a .15 per item fee will be assessed on all debit items in access of 100 per statement cycle.
This account does not pay interest.

Additional Features

Detailed monthly statement with imaged checks. Unlimited free check writing transfers and deposits.

FIRST COMMERCIAL CHECKING – FEATURES AN EARNINGS CREDIT FOR BALANCES THAT MAY BE USED TO OFFSET SERVICE CHARGES

Minimum balance to open this account

$100.00 minimum deposit to open this account.

Monthly Service Charges

No monthly service charge assessed on this account. A .15 per debit, .20 per credit, .08 fee per deposited item charge and a .60 per $1,000.00 cash deposit transaction fee. An average collected balance less required reserves earns credits, which offsets your monthly fees. Earnings credit rate is established by the bank. If the activity charges on your account exceed the earnings allowance, the account will be charged the difference. Monthly analysis fee of $8.00

Additional Features

This is a Cash Control Feature (sweep account) if you elect to have that additional feature. Any collected balance in excess of $10,000.00 will be swept daily. There is a $50.00 monthly sweep fee in addition to the monthly analysis fee. Detailed monthly statement with imaged checks.

FIRST COMMERCIAL INTEREST CHECKING – AVAILABLE ONLY TO SOLE PROPRIETORSHIPS AND NON-PROFITS

Minimum balance to open this account

$100.00 minimum deposit to open this account.

Account Features

Unlimited check writing, transfers, and deposits. No per check fees assessed to this account. This is a Competitive Edge** interest account. Tiered rates pay higher interest as balance increases. The interest rate and annual percentage yield may change. The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers may change. Detailed monthly imaged statements. Interest is compounded daily, credit monthly.

Rate Information

This is an interest bearing account. Interest will be compounded daily and will be credited to the account monthly. The interest rate and annual percentage yield may change. Interest begins to accrue on the business day you deposit any non-cash items (for example, checks).

Monthly Service Charges

No monthly service charge assessed on this account. A .15 per debit, .20 per credit, .08 fee per deposited item charge. .60 per $1,000.00 cash deposit transaction fee.

Additional Features

This is a “Competitive Edge Interest” account. Tiered rates pay higher interest as balance increases. Detailed monthly imaged statements. Interest compounded daily, credit monthly. Call for tier information.

FIRST COMMERCIAL MONEY MANAGER – MONEY MANAGER HAS LIQUIDITY AND ACCESS TO THE FUNDS BY CHECK
• This is a limited transaction account.

Minimum balance to open this account

$1,000.00 minimum deposit to open this account.

Rate Information

This is an interest bearing account. Interest will be compounded daily and credited to the account monthly. This is a tiered rate account. The interest rate and annual percentage yield may change. Interest begins to accrue on the business day you deposit any noncash items (for example, checks).

Monthly Service Charges

A $15.00 monthly service charge will be assessed in the event your average daily balance falls below $1,000.00 during a statement cycle. A $15.00 transaction limitation fee will be charged for each debit in excess of six (6) per statement period. There is a $2.00 Deposit Correction Fee.

The following are unlimited transactions: Deposits, in person withdrawals or transfers at a teller or ATM

Additional Features

This is a tiered rate account. Call for tier information.

COMMUNITY FIRST CHECKING – FOR ORGANIZATIONS THAT OPERATE ON A NON-PROFIT BASIS

Minimum balance to open this account

$100.00 minimum deposit to open this account.

Monthly Service Charges

No monthly service charge will be assessed. There is no cash deposit transaction fee.

Special Features

This is a low cost account offered to qualifying, non-profit organizations. Detailed monthly statements with imaged checks. This is a competitive edge interest account. Tiered rates pay higher as balances increase. Call for tier information.

FIRST COMMERCIAL BUSINESS SAVINGS – BUSINESS REGULAR SAVINGS PROVIDES BUSINESS CLIENTS WITH A FLEXIBLE SAVINGS PLAN
• This is a limited transaction account.

Minimum balance to open this account

$100.00 minimum deposit to open this account.

Rate Information

The interest rate and annual percentage yield may change. Interest begins to accrue on the business day you deposit any non-cash items (for example, checks). You must maintain the minimum balance in order to obtain the disclosed annual percentage yield.

Monthly Service Charges

If your balance falls below $100.00 any day of the quarter a $3.00 service charge will be assessed. A $3.00 transaction limiting fee will be charged for each debit in excess of three (3) per month

Additional Features

This is a competitive edge interest account. Tiered rates pay higher interest as balances increase. Call for tier information.

CERTIFICATES OF DEPOSIT – A CERTIFICATE OF DEPOSIT (CD) LOCKS IN YOUR RATE FOR THE TERM OF YOUR INVESTMENT

Minimum balance to open

$1,000. Minimum deposit to open this account.

Rate Information

For current rate and annual percentage yield, please contact any FBTM Branch.

Monthly Service Charge

There are no maintenance fees on a Certificate of Deposit.

Account Features

Terms are available for 3 months up to 60 months. The account is an interest bearing account. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for the term of the CD. You may receive interest at maturity if the CD term is one year or less or deposit the interest into a FBTM account of your choice monthly, quarterly, semi-annually or at maturity. For longer term CD’s, the interest must be received at least annually or may be paid to you monthly, quarterly, semi-annually or annually if deposited in to another FBTM account of your choice.

ENHANCEMENTS FOR BUSINESS CHECKING ACCOUNTS

MASTERCARD © CHECK CARD

Add convenience and security to any checking account with a MasterCard Debit Card. It’s easier to use than a check and more secure than cash, your MasterCard Debit Card allows you to make purchases from your checking account anywhere MasterCard is accepted. Just swipe, sign and go. If you need cash, just access your account at any ATM.

ONLINE BANKING

Online Banking is a tremendous time saver that can make things easier for you. You’ll have instant access to current account information; checks that have cleared and your account statements. You can even transfer funds between FBTM accounts. All this is available from the comfort of your home or office. Sign up for online banking today.

IMAGE STATEMENTS

Your checking account comes standard with images of each check that cleared that month. You’ll find balancing your account will be easier each month because images are sorted in check number order. Plus, your imaged check is legal proof of payment if you have a dispute.

IOLTA Option

IOLTA – Interest on Lawyers Trust Account
An IOLTA is for attorneys that elect to place trust or escrow funds in an interest bearing account and have the interest set aside and sent to the tax-exempt foundation of the Mississippi Bar Association. Normal monthly service charges are waived. Ask any FBTM Banker for more details.