Business Deposit Account Fee Schedule - Sovereign Bank
Business Deposit Account Fee Schedule - Sovereign Bank
Business Deposit Account Fee Schedule - Sovereign Bank
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>Business</strong> <strong>Deposit</strong> <strong>Account</strong> <strong>Fee</strong> <strong>Schedule</strong><br />
Non-Interest Checking<br />
Interest Checking<br />
Analyzed Checking<br />
(with earnings credit)<br />
Analyzed Checking<br />
With Earnings Credit and<br />
Interest on Excess Balances<br />
Money Market Savings<br />
Specialty <strong>Account</strong>s<br />
TYPE OF ACCOUNT<br />
MONTHLY<br />
FEE<br />
<strong>Business</strong> Checking $15.00<br />
<strong>Business</strong> Checking Plus $50.00<br />
<strong>Business</strong> Interest Checking $15.00<br />
Commercial Interest<br />
Only Checking<br />
<strong>Business</strong> <strong>Bank</strong>ing<br />
Analyzed Checking<br />
<strong>Business</strong> <strong>Bank</strong>ing Analyzed<br />
Checking Premier<br />
Commercial Cash<br />
Management Checking<br />
<strong>Business</strong> <strong>Bank</strong>ing Analyzed<br />
Plus Interest Checking<br />
Commercial Cash<br />
Management Checking Plus<br />
<strong>Business</strong> Money<br />
Market Savings<br />
Commercial Money<br />
Market Savings<br />
$30.00<br />
$20.00<br />
$30.00<br />
$30.00<br />
$40.00<br />
$30.00<br />
$10.00<br />
$10.00<br />
Government <strong>Bank</strong>ing I None<br />
TRANSACTION AND CASH DEPOSIT PROCESSING FEES ADDITIONAL ACCOUNT FEATURES<br />
Transaction <strong>Fee</strong>s<br />
300 basic transactions free,<br />
then $0.60 A<br />
Transaction <strong>Fee</strong>s<br />
750 basic transactions free;<br />
then $0.60 each A<br />
Transaction <strong>Fee</strong>s<br />
150 basic transactions free;<br />
then $0.60 each A<br />
Transaction <strong>Fee</strong>s<br />
$1.00 per teller or ATM deposit;<br />
$0.17 per item deposited;<br />
$0.20 per check paid; $0.20 per<br />
electronic credit/debit received<br />
Transaction <strong>Fee</strong>s<br />
$0.80 per teller or ATM deposit;<br />
$0.17 per item deposited; $0.17<br />
per check paid; $0.17 per electronic<br />
credit/debit received<br />
Transaction <strong>Fee</strong>s<br />
$1.00 per teller or ATM deposit;<br />
$0.17 per item deposited; $0.20<br />
per check paid; $0.20 per electronic<br />
credit/debit received<br />
Transaction <strong>Fee</strong>s<br />
$1.00 per teller or ATM deposit;<br />
$0.17 per item deposited; $0.20<br />
per check paid; $0.20 per electronic<br />
credit/debit received<br />
Transaction <strong>Fee</strong>s<br />
$1.00 per teller or ATM deposit;<br />
$0.17 per item deposited; $0.20<br />
per check paid; $0.20 per electronic<br />
credit/debit received<br />
Transaction <strong>Fee</strong>s<br />
$1.00 per teller or ATM deposit;<br />
$0.17 per item deposited; $0.20<br />
per check paid; $0.20 per electronic<br />
credit/debit received<br />
Transaction <strong>Fee</strong>s<br />
None<br />
Transaction <strong>Fee</strong>s<br />
None<br />
Transaction <strong>Fee</strong>s<br />
First 200 basic transactions free;<br />
then $0.15 each A<br />
IOLTA None None<br />
Maryland Affordable<br />
Housing Trust Checking<br />
Escrow Master/Sub<br />
Relationship<br />
Escrow Master Checking<br />
Escrow Sub Savings<br />
None None<br />
None None<br />
Escrow Standalone Savings None None<br />
<strong>Sovereign</strong> <strong>Bank</strong>, N.A. is a Member FDIC and a wholly owned subsidiary of Banco Santander,<br />
S.A. © 2012 <strong>Sovereign</strong> <strong>Bank</strong>, N.A.| <strong>Sovereign</strong> and Santander and its logo are registered<br />
trademarks of <strong>Sovereign</strong> <strong>Bank</strong>, N.A. and Banco Santander, S.A. respectively, or their affiliates<br />
or subsidiaries in the United States and other countries. N0840 Effective 2/16/12<br />
Cash <strong>Deposit</strong> Processing <strong>Fee</strong>s<br />
No fee up to $10,000. then;<br />
Express Cash Pack ® : $0.22 per $100<br />
Non Express Cash Pack: $0.27 per $100<br />
Cash <strong>Deposit</strong> Processing <strong>Fee</strong>s<br />
No fee up to $40,000. then;<br />
Express Cash Pack: $0.22 per $100<br />
Non Express Cash Pack: $0.27 per $100<br />
Cash <strong>Deposit</strong> Processing <strong>Fee</strong>s<br />
Express Cash Pack: $0.22 per $100 for<br />
deposits greater than $500<br />
Non Express Cash Pack: $0.22 per $100 for<br />
deposits $500 or less $0.27 per $100 for<br />
deposits greater than $500<br />
Cash <strong>Deposit</strong> Processing <strong>Fee</strong>s<br />
Express Cash Pack: $0.15 per $100<br />
Non Express Cash Pack: $0.15 per $100 for<br />
deposits $500 or less $0.25 per $100 for<br />
deposits greater than $500<br />
Cash <strong>Deposit</strong> Processing <strong>Fee</strong>s<br />
Express Cash Pack: $0.15 per $100<br />
Non Express Cash Pack: $0.15 per $100 for<br />
deposits $500 or less $0.25 per $100 for<br />
deposits greater than $500<br />
Cash <strong>Deposit</strong> Processing <strong>Fee</strong>s<br />
Express Cash Pack: $0.15 per $100<br />
Non Express Cash Pack: $0.15 per $100 for<br />
deposits $500 or less $0.25 per $100 for<br />
deposits greater than $500<br />
Cash <strong>Deposit</strong> Processing <strong>Fee</strong>s<br />
Express Cash Pack: $0.15 per $100<br />
Non Express Cash Pack: $0.15 per $100 for<br />
deposits $500 or less $0.25 per $100 for<br />
deposits greater than $500<br />
Cash <strong>Deposit</strong> Processing <strong>Fee</strong>s<br />
Express Cash Pack: $0.15 per $100<br />
Non Express Cash Pack: $0.15 per $100 for<br />
deposits $500 or less $0.25 per $100 for<br />
deposits greater than $500<br />
Cash <strong>Deposit</strong> Processing <strong>Fee</strong>s<br />
Express Cash Pack: $0.15 per $100<br />
Non Express Cash Pack: $0.15 per $100 for<br />
deposits $500 or less $0.25 per $100 for<br />
deposits greater than $500<br />
Cash <strong>Deposit</strong> Processing <strong>Fee</strong>s<br />
Express Cash Pack: $0.22 per $100<br />
Non Express Cash Pack: $0.22 per $100 for<br />
deposits $500 or less $0.27 per $100 for<br />
deposits greater than $500<br />
Cash <strong>Deposit</strong> Processing <strong>Fee</strong>s<br />
Express Cash Pack: $0.15 per $100<br />
Non Express Cash Pack: $0.15 per $100 for<br />
deposits $500 or less $0.25 per $100 for<br />
deposits greater than $500<br />
Cash <strong>Deposit</strong> Processing <strong>Fee</strong>s<br />
Applies only to deposits greater than $1,000<br />
Express Cash Pack: $0.15 per $100<br />
Non Express Cash Pack: $0.25 per $100<br />
1.877.768.1145 | sovereignbank.com<br />
<strong>Schedule</strong> of Services and <strong>Fee</strong>s<br />
Mid-Atlantic | Page 1 of 2<br />
• To Avoid Monthly <strong>Fee</strong>: $5,000 in checking or<br />
$10,000 in combined business account balances<br />
with same ownership B or three point of sale<br />
purchases using debit card per statement period.<br />
• Free <strong>Business</strong> Online <strong>Bank</strong>ing C with BillPay<br />
(including access to ACH, Wire Transfer and<br />
Imaging capabilities with no monthly fees).<br />
• To Avoid Monthly <strong>Fee</strong>: $40,000 in checking or<br />
$60,000 in combined business account balances<br />
with same ownership. B<br />
• Free <strong>Business</strong> Online <strong>Bank</strong>ing C with BillPay<br />
(including access to ACH, Wire Transfer and<br />
Imaging capabilities with no monthly fees).<br />
• To Avoid Monthly <strong>Fee</strong>: $7,500 checking<br />
or $15,000 in combined business account<br />
balances with same ownership B<br />
• Free <strong>Business</strong> Online <strong>Bank</strong>ing C with BillPay.<br />
Cash Management services are available.<br />
Earnings credit may offset transaction fees and<br />
cash management service fees.<br />
Earnings credit may offset transaction fees and<br />
cash management service fees.<br />
Earnings credit may offset transaction fees<br />
and cash management service fees.<br />
Earnings credit may offset transaction fees<br />
and cash management service fees. Balances<br />
above the amount needed to offset fees are<br />
eligible to earn interest.<br />
Earnings credit may offset transaction fees and<br />
cash management service fees. Balances above<br />
the amount needed to offset fees are eligible to<br />
earn interest.<br />
To Avoid Monthly <strong>Fee</strong>: $1,000 or if there is<br />
business checking account with same ownership. B<br />
To Avoid Monthly <strong>Fee</strong>: $1,000 (minimum daily<br />
ledger balance).<br />
Designed for Government <strong>Bank</strong>ing entities and<br />
Municipalities with annual revenue less than<br />
$3,000,000.<br />
Designed solely for pooled client funds deposited<br />
by an attorney or law firm.<br />
Designed solely for pooled client funds deposited<br />
by title insurers and title insurance agents<br />
representing Maryland transactions. Free <strong>Business</strong><br />
Online <strong>Bank</strong>ing C with BillPay.<br />
• To be used for linking a single escrow master<br />
checking with an unlimited number of escrow<br />
sub savings accounts.<br />
• Free <strong>Business</strong> Online <strong>Bank</strong>ing C with BillPay<br />
available on Escrow Master Checking only.<br />
Designed for residential landlords with a single<br />
tenant.
<strong>Business</strong> <strong>Deposit</strong> <strong>Account</strong> <strong>Fee</strong> <strong>Schedule</strong><br />
ACCOUNT RELATED SERVICES<br />
Copy of Canceled Check D $5.00<br />
Duplicate Statement Copy $6.00<br />
Early <strong>Account</strong> Closing (if closed within 90 days of<br />
account opening)<br />
FDIC Assessment E<br />
Inactive <strong>Account</strong> (per month) F (applies to accounts inactive<br />
for more than one year with balances less than $250)<br />
$25.00<br />
$0.016667<br />
per $100<br />
$16.00<br />
Insufficient Funds <strong>Fee</strong> $35.00<br />
Insufficient Funds (Item Returned) $35.00<br />
Interest Charge on Negative<br />
Collected Balance G<br />
Prime<br />
+3%<br />
Overdraft Protection Transfer (per transfer) H $12.00<br />
Research, Balance Reconciliation and/or Letter<br />
Writing Services (per hour, one hour minimum)<br />
Return <strong>Deposit</strong>ed Item<br />
Domestic<br />
International<br />
Savings/Money Market Savings Excess Activity<br />
(per item)<br />
$20.00<br />
$15.00<br />
$25.00<br />
$15.00<br />
Stop Payment (business or official check) $30.00<br />
Sustained Overdraft I<br />
(fee is charged on the 6th consecutive business day that<br />
your account remains overdrawn)<br />
$35.00<br />
Unavailable Funds <strong>Fee</strong> $35.00<br />
Unavailable Funds (Item Returned) $35.00<br />
CASH/CURRENCY MISC. SERVICES<br />
(Customers requiring Armored Carrier services are encouraged to contact<br />
Cash Management Sales)<br />
Cash Order (per strap) J<br />
Cash Order Special<br />
Coin Proved (per bag)<br />
Coin Rolls Furnished (per roll) J<br />
DEBIT CARD/ATM SERVICES<br />
Foreign Currency Exchange<br />
International Transaction K<br />
(Debit Card transactions)<br />
Improperly Endorsed<br />
<strong>Deposit</strong> (per item)<br />
$0.50<br />
Varies<br />
$5.00<br />
$0.10<br />
3% of<br />
transactions in<br />
U.S. dollars<br />
(will not<br />
apply to<br />
Debit Card<br />
transactions<br />
after 2/29/12)<br />
4% of<br />
transaction<br />
in U.S. dollars<br />
(effective 3/1/12)<br />
$2.00<br />
Replacement Card—Expedited $30.00<br />
Withdrawal at ATM not owned by <strong>Sovereign</strong> or<br />
one of its divisions L<br />
Domestic<br />
International<br />
$3.00<br />
$6.00<br />
SPECIAL SERVICES<br />
Minimum opening deposit on all accounts is $50.<br />
A Basic transactions include checks paid, teller deposits, ATM deposits, deposited items, and ACH items<br />
(electronic debits and credits not originated by customer). <strong>Sovereign</strong> Merchant Services (credit and debit card<br />
payment processing) and <strong>Sovereign</strong> Payroll Services ACH debit items are not included. <strong>Business</strong> Checking and<br />
<strong>Business</strong> Checking Plus basic transaction limits also include Onsite Check <strong>Deposit</strong> batch deposits, Onsite Check<br />
<strong>Deposit</strong> items processed and Onsite Check <strong>Deposit</strong> ACH converted transactions.<br />
B Avoid monthly maintenance fees by maintaining an average daily ledger balance in the account itself or a<br />
combined daily average ledger balance in additional checking accounts, money market savings and savings<br />
accounts on which an owner is the same as the primary owner on this account. Only balances in these<br />
combined same owner business deposit accounts can be considered when calculating the combined balance.<br />
C Free <strong>Business</strong> Online <strong>Bank</strong>ing includes Real Time Transfers, Real Time Reporting, Prior Day Reporting, and<br />
Quicken and/or QuickBooks downloads.<br />
D Twelve free copies per year for Image Statement and Check Truncation customers.<br />
E Applies only to Commercial Interest Only Checking, Commercial Cash Management Checking, Commercial<br />
Cash Management Checking Plus, <strong>Business</strong> <strong>Bank</strong>ing Analyzed Checking, <strong>Business</strong> <strong>Bank</strong>ing Analyzed Plus<br />
Interest Checking, <strong>Business</strong> <strong>Bank</strong>ing Analyzed Checking Premier and Government <strong>Bank</strong>ing l; fee is per $100 of<br />
average daily ledger balances for the statement period.<br />
F Does not apply to Government <strong>Bank</strong>ing I or any Escrow products.<br />
ACH Debit Filter/Block Set-Up $25.00<br />
ACH Debit Filter/Block Monthly Maintenance $3.00<br />
ACH Debit File<br />
Set up<br />
Monthly ACH<br />
$25.00<br />
$300.00<br />
American Express ® Gift Card (per item) $ 5.00<br />
American Express Gift Cheque (per item) $2.50<br />
American Express Travelers Cheques<br />
Regular (per $100)<br />
Cheques for Two ® (per $100)<br />
$2.00<br />
$2.00<br />
Bond Coupon (per envelope) $7.00<br />
Certified Check $15.00<br />
Collections (per item)<br />
Domestic<br />
International<br />
$10.00<br />
$30.00<br />
Copy of Official Check or Money Order (per item) $5.00<br />
Escheat $50.00<br />
Garnishment/Levy/Legal Process $100.00<br />
International Draft $25.00<br />
Money Order $5.00<br />
Official <strong>Bank</strong> Check $10.00<br />
Safe <strong>Deposit</strong> Box<br />
Annual Rental<br />
10% discount with autopay per box M<br />
Drilling<br />
Late Charge<br />
Lost Key<br />
<strong>Sovereign</strong> Merchant Services—<br />
Electronic Item J<br />
TaxCashe<br />
Web Initiated Payments<br />
Monthly Maintenance<br />
Tax Payment (per web initiated file)<br />
Telephone Initiated Payments<br />
Monthly Maintenance<br />
Tax Payment (per telephone initiated file)<br />
Recap Report (per report)<br />
Wire Transfer (branch/telephone) N<br />
Domestic or International Incoming<br />
Domestic Outgoing<br />
International Outgoing<br />
U.S. Currency<br />
Foreign Currency<br />
Varies<br />
$150.00<br />
$15.00<br />
$15.00<br />
$0.17<br />
None<br />
$2.00<br />
$30.00<br />
$3.00<br />
$12.00<br />
$15.00<br />
($13.00<br />
through<br />
1/31/12)<br />
$27.00<br />
($25.00<br />
through<br />
1/31/12)<br />
$40.00<br />
$31.00<br />
<strong>Schedule</strong> of Services and <strong>Fee</strong>s<br />
Mid-Atlantic | Page 2 of 2<br />
ONSITE CHECK DEPOSIT <br />
(<strong>Fee</strong>s below only available with <strong>Business</strong> Checking and <strong>Business</strong><br />
Checking Plus O )<br />
Monthly Maintenance $50.00<br />
Batch <strong>Deposit</strong>s A<br />
Included in the number of free<br />
basic transactions<br />
Each additional item $0.60<br />
Items Processed A<br />
Included in the number of free<br />
basic transactions<br />
Each additional item $0.60<br />
Epson CaptureOne TM Single Document Scanner<br />
First scanner<br />
Each Additional scanner<br />
None<br />
$299.00<br />
Epson Scanner Maintenance (24 months) $150.00<br />
Onsite Check <strong>Deposit</strong> Service Cancellation<br />
(If terminated within first year of service setup)<br />
Other available scanner models and scanner<br />
maintenance<br />
Scanner Interface<br />
(scanner not purchased from <strong>Sovereign</strong>)<br />
BUSINESS ONLINE BANKING<br />
$300.00<br />
price<br />
varies by<br />
model<br />
$95.00<br />
per<br />
scanner<br />
(<strong>Fee</strong>s below only available with <strong>Business</strong> Checking, <strong>Business</strong> Checking Plus, <strong>Business</strong><br />
Interest Checking, Maryland Affordable Housing Trust Checking and Escrow Master<br />
Checking)<br />
Image Access (per item)<br />
First 10 items<br />
Each Image Thereafter<br />
Payment Initiation Services - Internet<br />
Tax Payment Application<br />
(per tax payment application/month)<br />
ACH P<br />
ACH Item Originated<br />
Deletion/Reversal (origination)<br />
Returned Item<br />
None<br />
$0.60<br />
$2.00<br />
$0.15<br />
$7.50<br />
$5.00<br />
Stop Payment (online) $18.00<br />
Wire Transfers (online) P<br />
Domestic Outgoing<br />
U.S. Currency<br />
International Outgoing<br />
U.S. Currency<br />
Foreign Currency<br />
Book Transfer<br />
$22.00<br />
($20.00<br />
through<br />
1/31/12)<br />
$26.00<br />
$21.00<br />
$3.00<br />
G Applies to Commercial Interest Only Checking, Commercial Cash Management Checking, Commercial Cash<br />
Management Checking Plus, <strong>Business</strong> <strong>Bank</strong>ing Analyzed Checking, <strong>Business</strong> <strong>Bank</strong>ing Analyzed Plus Interest<br />
Checking and <strong>Business</strong> <strong>Bank</strong>ing Analyzed Checking Premier only. Rate determined by the average of the<br />
highest Prime Rate as published in the Money Rates section of The Wall Street Journal for the statement period<br />
plus 3%.<br />
H Service only available on <strong>Business</strong> Checking, <strong>Business</strong> Checking Plus and <strong>Business</strong> Interest Checking only.<br />
I Does not apply to Commercial Interest Only Checking, Commercial Cash Management Checking, Commercial<br />
Cash Management Checking Plus, <strong>Business</strong> <strong>Bank</strong>ing Analyzed Checking, <strong>Business</strong> <strong>Bank</strong>ing Analyzed Plus Interest<br />
Checking and <strong>Business</strong> <strong>Bank</strong>ing Analyzed Checking Premier.<br />
J Does not apply to <strong>Business</strong> Checking or <strong>Business</strong> Checking Plus.<br />
K Applies to transactions completed outside the 50 United States<br />
L ATM owner may charge a fee.<br />
M Discount cannot be combined with any other safe deposit box discounts.<br />
N Does not apply to IOLTA or Maryland Affordable Housing Trust.<br />
O Existing Free <strong>Business</strong> Checking customers are eligible to purchase Onsite Check <strong>Deposit</strong> at the pricing listed.<br />
P Online ACH module monthly fee is $40 and online wire module monthly fee is $40. <strong>Business</strong> Checking and<br />
<strong>Business</strong> Checking Plus customers may use these modules at no monthly fee.