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Demand Deposit Account Options 

Demand Deposit Account Types

 

ACCOUNT FEATURES DDA BASIC DDA PREMIER
DDA Target Balance $50,000/$250,000 $50,000/$250,000
FDIC Insured
FF Account with Interest Posted Daily
DDA & FF Account Statements Daily or Monthly
Fed Fund Line of Credit*
Fed/BBKY Settlement Agreements Required N/A N/A
1ST Look to Purchase BBKY Loan Participations N/A N/A
Monthly OPT IN Credit N/A N/A
OPT IN Agreement Required N/A N/A
BBCONNECT Access Level BASIC BASIC FULL FULL
BBCONNECT Maximum No. of Users 5 5 Unlimited Unlimited
BBCONNECT Training Session ##
Settlement Wires Only N/A N/A
Monthly Account Maintenance $250 No Charge No Charge No Charge
Monthly Settlement-Fixed Fee N/A N/A
Monthly Shareholders Discount if Applicable

* (Subject to Underwriting & Approval)

DDA BASIC
Account Overview & Features:
DDA Target Balance Requirement of $50,000.00 with a Monthly Account Maintenance Fee of $250.00
OR a DDA Target Balance Requirement of $250,000.00 with no Monthly Account Maintenance Fee.
Monthly Shareholder Discount with Stock Purchase
Agent Federal Funds and/or Fed Fund + Investment
DDA Overdraft Protection Incl. with approved FF Line of Credit.
BBCONNECT Basic Access with a Maximum of 5 users including Designated Security Officers
Unlimited Domestic Settlement Wire Transfer’s Only under the BBCONNECT Basic Configuration

DDA PREMIER
Account Overview & Features:
DDA Target Balance of $50,000.00 or $250,000.00
Monthly Settlement-Fixed Fee
Monthly Shareholder Discount with Stock Purchase.
In-House Data Processor Banks Receive Incoming ACH Informational File Delivery at No Charge.
DDA Overdraft Protection Included with approved FF Line of Credit.
Unlimited Debit/Credit Entries Posted.
Unlimited ACH Returns/NOC’s/Origination Files, Inter-Respondent Transfers, and Currency & Coin Orders.
BBCONNECT Full Access with Unlimited Users and (1) Free On-Site Training Session if requested.
Agent Federal Funds and/or Fed Fund + Investment.