Unlawful Internet Gambling Notice: 

Restricted transactions as defined in Federal Reserve Regulation GG are prohibited from being processed through any account or relationship with Texas Exchange Bank.  Restricted transactions generally include, but are not limited to, those in which credit, electronic fund transfers, checks, or drafts are knowingly accepted by gambling businesses in connection with the participation by others in unlawful Internet gambling. 

BUSINESS CHECKING          
        

Texas Exchange Bank offers business checking packages – we have options for both Sole Proprietors and the more commercial enterprise!  

COMMERCIAL CHECKING ACCOUNT

Our low-fee, business checking account offers the convenience of a checking account with low minimum balance requirements.

• Minimum Opening Balance - $300.00
• No service charge with minimum daily balance of $2,500.00; $10.00 charge will apply for the month, if minimum balance is not maintained
• No per check charge with balances over $2,500.00; $0.15 charge per check if daily balance falls below $2,500.00
• ATM/MasterCard® Debit card - subject to proper authorizations
• FREE Online Banking
• FREE 24-Hour Voice Response Banking
• Monthly Imaged Statements

BUSINESS NOW CHECKING ACCOUNT*

Designed for the Sole Proprietor and Non-Profit Organizations, Business NOW Checking offers the convenience of a checking account with interest* plus low monthly fees!  ATM/MasterCard® Debit card use is also available.

• Minimum Opening Balance - $2,500.00
• No service charge with minimum daily balance of $2,500.00; $10.00 charge will apply for the month, if minimum balance is not maintained
• Minimum daily balance to obtain the disclosed annual percentage yield - $2,500.00
• First 10 checks paid free; $0.15 charge per check over 10
• ATM/MasterCard® Debit card - subject to proper authorizations
• FREE Online Banking
• FREE 24-Hour Voice Response Banking
• Monthly Imaged Statements

*Restrictions apply for eligibility to this account; please contact our New Accounts Representative for further information.

The interest rate and annual percentage yield may change, at our discretion, at anytime.
Please see Rates tab, at left, for our current rate offerings.

Please refer to the account terms and disclosures for further information and limitations ON ALL BUSINESS ACCOUNTS – please contact a New Accounts Representative for this document.

Federal Deposit Insurance Corporation (FDIC)

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE
COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012.  This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules. 

The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest.  It also includes Interest on Lawyers Trust Accounts (“IOLTAs”).  It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.

To obtain more information about temporary FDIC insurance coverage and other deposit insurance coverage and the level of protection that the insurance affords, please refer to the website address provided below:
http://www.fdic.gov