Basic Public Checking Product Guide

We’ve created this easy-to-follow outline of services, fees, and policies to help you understand how your account works. For more information about your Basic Public Checking account, please read the Business Deposit Account Agreement available on bannerbank.com. For questions, search bannerbank.com, call us at 800-272-9933 (7 a.m. to 7 p.m. PT weekdays), sign into Banner Bank Online Banking to chat with us, or visit any Banner Bank branch.

Our Basic Public Checking account offers the following:

• Competitive number of transactions processed each monthly statement cycle at no charge
• Competitive cash and currency processing at no charge each monthly statement cycle

Account Opening and Usage

Minimum opening deposit	$100
Monthly service charge	$10
Options to waive monthly service charge	Monthly service charge waived when you meet one of the following criteria during that monthly statement cycle. $800 minimum daily balance; OR $2,500 average daily balance; OR $5,000 average daily combined balance for checking and savings deposit relationship1
Interest-bearing	No
ATM fees	$0 when using a Banner Bank owned ATM and we don't charge you to use a non-Banner Bank owned ATM.  Please notify us if you plan to use your Banner Bank debit card when traveling internationally so we can adjust card restrictions. There is a 1.10% currency conversion fee based on the U.S. dollar amount when using your debit card outside of the U.S.
Monthly transaction processing2	First 200 transaction items processed included each monthly statement cycle at no cost. $0.40 for each transaction item after the first 200 each monthly statement cycle.
Monthly cash and currency processing	First $10,000 in cash and currency included each monthly statement cycle at no cost. $0.20 for each $100 after the first $10,000 each monthly statement cycle.
Online Bill Pay	$0

Overdraft Information

Banner Bank encourages you to carefully track your balance to avoid overdrafts. You can monitor your account with ease by using Banner Bank Business Online Banking or Banner Bank Mobile Banking³.     
We offer overdraft protection to protect you when there are not enough funds available in your account to cover the amount of a transaction. You can opt-in to overdraft protection and link your other Banner Bank public checking accounts, savings accounts, or lines of credit to your protected account so that funds from those accounts can be transferred to prevent overdrafts on the protected account⁴.

If you choose not to opt-in to overdraft protection, ATM and debit card transactions that would cause an overdraft will automatically be declined.

Overdraft protection transfers	No transfer fee will be charged. Transfers are generally in $25 increments. If a full increment is not available, we will transfer the amount that is available to the protected account. Requires opt-in to link your accounts.
Overdraft item fee	$30 for each item, based on available balance.

Statement Services

Paper statement fee

$3 monthly for paper statements or $6 monthly for paper statements with check images. You can elect to receive electronic statements at no cost through Banner Bank Online Banking or Banner Bank Mobile Banking and access approximately 18 months of statements3.

Checking Account Features

• $100 off initial business check order 
• Business debit card with Mastercard^® Zero Liability Protection available⁵  
• Digital services for Banner Bank Business Online Banking and Banner Bank Mobile Banking, including debit card controls service and Snapshot Deposit™³ 
• Business credit card or Commercial credit card account available with no annual fee⁶
• Check Safekeeping statement available
• Notary public services available at no cost
• 24/7 Bank-By-Phone at 800-527-6435

Payment Order of Items - The order in which withdrawals and deposits are processed:

We post transactions during nightly processing each Business Day (M-F except holidays). We first post deposits or credits received before the deposit cut-off time that day. We then post withdrawals or debits (such as ATM, debit card or check transactions) received for payment from your account.

We process withdrawals received for payment from your account in the following order: 

1. In-branch account withdrawals – in dollar order from lowest to highest. 
2. ATM and debit card – by type of transaction, and within each transaction type in dollar order, from lowest to highest. 
3. Account transfers and account withdrawals – by type of transaction, and within each transaction type in dollar order, from lowest to highest. 
4. Automatic payments (also known as ACH) and Banner Bank "electronic" Online Bill Pay payments – by type of transaction, and within each transaction type in dollar order, from lowest to highest. 
5. Checks, Banner Bank "check" Online Bill Pay payments, and similar items – based on check number, from lowest to highest.

After the above transactions are complete, we post automated internal transfers to and from linked accounts, such as to provide overdraft protection or to sweep excess balances to loans or other deposit accounts.

Deposit Hold Policy - When funds deposited to your account are available:

Our general policy is to allow you to withdraw funds deposited in your account on the first business day after the day we receive your deposit. Funds from electronic direct deposits will be available on the day we receive the deposit. In some cases, we may delay your ability to withdraw funds beyond the first business day. Then, the funds will generally be available by the second business day after the day of the deposit. You can find more details in the Your Ability to Withdraw Funds section of the Business Deposit Account Agreement.