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News and Information

Auto Loan Special!

03-Nov-2011

Now offering a SPECIAL LOW RATE for newer vehicles. Contact a Lender (http://www.sturgisbank.com/contact-loan-department.htm) today!..

Health Savings Account

03-Nov-2011

Health Savings Accounts (HSA) help you manage your health care expenses without risking health care coverage. Learn more (http://www.sturgisbank.com/health-savings-accounts.htm)...

Holiday Savings Account

03-Nov-2011

The Holiday Savings is a great way to put a little money aside throughout the year so you have the money you need for the holidays. Open your Holiday Savings today and enjoy the holidays without feeli..

U. S. Savings Bonds are Going Paperless

03-Nov-2011

On Dec. 31, 2011, the U.S. Department of the Treasury will end over-the-counter sales of paper savings bonds. Sturgis Bank & Trust Company will stop accepting applications for bonds on Dec. 29, 20..

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There's a Difference at Sturgis Bank & Trust Company

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Business Checking Accounts

Sturgis Bank & Trust Company offers checking account options for all types of non-personal organizations. The table below will help describe which account is best for you. Contact our Business Development Office for more details or to open your account today. 

Features Corporate 
Checking
Small Business
Checking
Sole Proprietorship Checking Civic
Religious
Charitable
Checking
 
Municipal
School
Checking
 
This Account Is Perfect For Corporations,Limited Liability Companies, Professional Limited Liability Companies, Limited Liability Partnerships, General Partnerships, Professional Corporations and Estates Businesses with minimal account activity Individual or unincorporated person
Civic, Church, Religious, Non-profit Organization or Affiliated Civic, Religious, Charity, Non-profit Organization  Public Funds, State, County, Township, City or Village Governmental Entity or Schools 
Opening Deposit $100  $100   $100 $100  $100 
Minimum Balance to Avoid Service Fee Maintain an average ledger balance sufficient to offset service and debit fees   Maintain 100 or less debit transaction items (checks written) to avoid a transaction fee  Maintain a $100 minimum daily ledger balance   Maintain a $100 minimum daily ledger balance    Maintain a $100 minimum daily ledger balance
Monthly Service Fee $4 plus $.12 per debit item, this fee can be offset by an earnings credit calculated at a variable earning rate on 70% of the average ledger balance per statement cycle.  $.10 per debit item for items 100 through 200

$.16 per debit item for items exceeding 201 
$7 if balance falls below $100 any day of the statement cycle

$.12 per debit item regardless of balance
$7 if balance falls below $100 any day of the statement cycle 
 $7 if balance falls below $100 any day of the statement cycle

$.12 per debit item regardless of balance
Interest Check Rate No No  Yes  Yes  Yes 
Visa® Business Check Card* Yes  Yes  Yes Yes  Yes
Internet Banking Yes  Yes Yes  Yes  Yes
Telebank Yes, Inquiry Only  Yes, Inquiry Only Yes, Inquiry Only  Yes, Inquiry Only  Yes, Inquiry Only
Direct Deposit Yes Yes Yes  Yes  Yes
Merchant Services Yes Yes Yes Yes Yes
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*Non-proprietary fees may apply
** Subject to credit approval

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