Commercial Accounts
Commercial Accounts

For access to a full description of the accounts offered at Triad Bank, please click on the appropriate link in the table below:

  • Commercial Checking

    Minimum to Open: $1,000.00
     

      Monthly Service Charges:
    Monthly maintenance $5.00
    Each credit $0.20
    Each debit $0.20
    Each transient item $0.08
    • Commercial checking accounts receive a monthly earnings credit which is calculated on an average daily balance using a seven (7) day Treasury Bill rate
    • Insufficient/overdraft fees may apply to overdrafts created by check, in-person, ATM or other electronic means as applicable
    • For additional fees that are possible on this account, see link to Standard Account Fees above
    • Notice - transactions that are restricted under the Unlawful Internet Gambling Enforcement Act are prohibited and should not be processed through commercial accounts
  • Minimum to Open: $500.00

    Average Daily Collected Balance Monthly Service Charges:
    $2,500.00 and above No Charge
    $2,499.00 and below $7.50
    Each foreign deposit item over 10 per cycle $0.08
    Each debit over 10 per cycle $2.00

     

    Withdrawal & Transfer Limitations:

    • Withdrawals made in person, ATM, mail or messenger are unlimited
    • Transfers to another account or to third parties are limited to six (6) per statement cycle
    • Excessive withdrawals may result in the account type being changed to comply with Federal regulations
    • No checks are permitted with this account
    • Interest is based on the average daily collected balance according to the following tiers:
    Average Daily Collected Balance Interest Rate Annual Percentage Yield
    $500.00 to $2,499.99    
    $2,500.00 to $24,999.99    
    $25,000.00 to $99,999.99    
    $100,000.00 and above    
    Click here to see the Current Rate listing
    • The interest rate on this account is a variable rate.  The interest rate and annual percentage yield for this account depend upon the applicable rate tier.  The interest rate and annual percentage yield (APY) for these tiers may change at Triad Bank’s discretion
    • Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (i.e., checks)
    • Triad Bank uses an average daily collected balance method to calculate interest on this account.  This method applies a periodic rate to the average daily balance in the account for the period.  The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.  The period used is the actual number of days in the month
    • Interest is compounded and paid monthly to this account on an average daily collected balance of $500.00 or more.  If the account is closed prior to the accrued interest being credited, the interest will be forfeited
    • Triad Bank reserves the right to require at least a seven (7) day notice of intent to withdraw funds
    • For additional fees that are possible on this account, see link to Standard Account Fees above
    • Notice - transactions that are restricted under the Unlawful Internet Gambling Enforcement Act are prohibited and should not be processed through commercial accounts
  • Minimum to Open: $100.00

    Service Charges:

    Daily Balance Maintenance Fees
    $500.00 or above No Charge
    $499.99 and below $2.00*
     *This fee will be waived for senior citizens and minor children of our customers

     

      Withdrawal Fees
    6 Withdrawals per quarter No Charge
    Over 6 withdrawals per quarter $2.00 each

     

    Withdrawal & Transfer Limitations:

    • Withdrawals made in person, ATM, mail or messenger are unlimited
    • Transfers to another account or third parties by pre-authorized (automatic), telephone or computer transfer are limited to six (6) per month
    • Excessive withdrawals may result in the account type being changed to comply with Federal regulations
    • Interest is earned according to the following:
    Average Daily Balance Interest Rate Annual Percentage Yield
    $100.00 and above    
    Click here to see the Current Rate listing
    • Interest is compounded and paid quarterly.  The interest rate on this account is a variable rate.  The interest rate and annual percentage yield (APY) for this account may change at Triad Bank's discretion
    • Interest begins to accrue on the business day the deposit is made
    • Interest will only accrue on accounts with an average daily balance of $100.00 or more
    • If the account is closed prior to the accrued interest being paid, the customer will forfeit the accrued interest
    • Triad Bank uses an average daily balance method to calculate interest on this account.  This method applies a periodic rate to the average daily balance in the account for the period.  The average daily balance is calculated by adding the principal in the account for each day of the period and dividing the figure by the number of days in the period.  The period used is the actual number of days in the quarter
    • Savings statements are mailed quarterly (or more frequently if you have electronic transfers)
    • Triad Bank reserves the right to require at least a seven (7) day notice of intent to withdraw funds
    • For additional fees that are possible on this account, see link to Standard Account Fees above
  • Treasury Index

    Minimum to Open: $10,000.00

    Minimum Daily Balance Monthly Service Charges
    $10,000.00 and above No Charge
    Less than $10,000.00 $15.00
    Each debit over 6 per cycle $15.00

     

    Withdrawal & Transfer Limitations:

    • Withdrawals made in person, ATM, mail or messenger are unlimited
    • Transfers to another account or to third parties by pre-authorized (automatic), telephone or computer transfer are limited to six (6) per statement cycle
    • Excessive withdrawals may result in the account type being changed to comply with Federal regulations
    • No checks are permitted with this account
    • Interest is based on the minimum daily ledger balance according to the following tiers:
    Minimum Daily Balance Interest Rate Annual Percentage Yield
    $10,000.00 and above 90 day T-Bill rate  
    Less than $10,000.00 2.5% below current 90 day T-Bill rate  
    Click here to see the Current Rate listing
    • The Interest rate on this account is a variable rate.  The interest rate and annual percentage yield for this account is based on the 90 day T-Bill rate.  The interest rate and annual percentage yield (APY) will be adjusted weekly
    • Interest begins to accrue on the business day the deposit is made
    • Triad Bank uses a daily ledger balance method to calculate interest on this account.  This method applies a periodic rate to the daily ledger balance in the account for the period
    • Interest is accrued on a daily ledger balance and paid monthly to this account at the end of the statement cycle.  If the account is closed before the accrued interest is credited, the accrued interest will be forfeited
    • Triad Bank reserves the right to require at least a seven (7) day notice of intent to withdraw funds
    • Due to the high interest rate earned on this account, no service charges will be waived
    • The 90 day T-Bill bid rate is as quoted in the Wall Street Journal.  The rate will change every Tuesday or on Wednesday if Monday is a holiday.  If no 90 day rate is quoted then the rate for the closest number of days below the 90 days will be used
    • For additional fees that are possible on this account, see link to Standard Account Fees above
  • Notice of FDIC Changes

    By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

    For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

  • Reg. GG

    Transactions that are restricted under the Unlawful Internet Gambling Enforcement Act are prohibited and should not be processed through commercial accounts.

  • Identity Theft Education