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Business Banking A checking account is the core of your business activity. In today’s demanding economic and competitive environment a business checking account provides a safe and convenient way to receive and pay out funds. Our business accounts are designed to help meet the unique needs of your business. All of our business accounts also include a free merchant account setup with MSG LLC. Your account will accumulate cash with competitive rates that grow along with your account balance. Put those excess funds to work! Your earnings may also offset service fees. Please feel free to call us at (512) 261-0035 in Lakeway, Texas or (830) 598-4444 in Granite Shoals, Texas.
We use the daily-balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. Interest will be compounded and credited to the account monthly. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account. If you close your account before the interest is credited, you will receive the accrued interest. For the deposit of non-cash items, interest begins to accrue no later than the business day we receive credit for the item. Federal regulation (Regulation D) restricts the number of pre-authorized automatic or telephone transfer withdrawals made by computer, telephone, electronic terminal, ACH or some other similar devices to six (6) per statement cycle for this account. |
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