Commercial Deposits
Pan American Free Business Checking
This account designed for business with 15 or more employees. The gross annual revenues of under $500,000.00. This is a totally FREE checking account with the following features:
- no minimum balance
- no monthly service charge
- unlimited check writing
- Merchant Services Available
- ATM card
Merchant Checking
This account is limited to businesses with 30 or fewer employees and gross annual revenues of under $1,000,000.00. This checking account has the following features:
- no monthly fee when you maintain a minimum daily balance of $2500.00
- unlimited check writing
- Merchant Services Available
- ATM card
Business Checking
This account is designed for businesses with 30 or more employees and gross annual revenues greater than $1,000,000.00. This checking account has the following features:
- all the features of Merchant Checking
- no monthly fee when you maintain a minimum daily balance of $5000.00
- Merchant Services Available
NOTICE: By federal law, as of January 1, 2013, funds in a noninterest-bearing transaction account (including an IOLTA/IOLA) will no longer receive unlimited deposit insurance coverage, but will be FDIC-insured to the legal maximum of $250,000 for each ownership category. For more information, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html.
Business Savings Accounts
Statement Savings Non-Personal
A convenient and flexible savings account with the following features:
- 24 hour access to the account
- competitive interest rates, compounded and credited to the account monthly (call for the latest rates)
- minimum opening balance of $500.00
- no monthly fee when you maintain a minimum daily balance of $100.00
Money Market Accounts
Money Market Non-Personal
This business Money Market account offers a competitive rate of return plus the security of FDIC protection. The account features the following:
- market rate returns and liquidity (call for the latest rates)
- tiered interest rates earn higher interest rates as your account balance reaches higher levels
- interest is compounded and credited to the account monthly
- deposit directly into the account or transfer from your business checking account
- no monthly fee if you maintain a $5000 daily minimum balance