Business Chequing
- *Reduce operating expenses -- during the early stage of your business receive 50 FREE cheques* on opening accounts, a monthly FREE transaction allowance and have the low monthly service fee waived for the first 3 months
*Bank anytime -- FREE 24-Hour access to accounts through Internet Banking to track account balances, transfer funds and more
*Reconcile bank statments - made easy through the duplicated cheque writing system and recording of the cheque numbers on the bank statement
*Automation of re-occurring payments -- pre authorised payments can be arranged to cover re-occurring obligations
*Eliminates the need to carry cash -- Convenient for shopping and paying bills. 24-Hour account access to accounts 7 days a week via our Instant Teller network, other financial institutions’ ATMs and merchant where available - Balances & Fees
*A minimum amount is required to open this account
*A monthly service fee is applied on the last working day of the month
o No monthly service fee for the first 3 months of operation
*2 FREE debits and 2 FREE credits per month (items include the total combination of cheques paid, in-branch deposits, and in-branch withdrawals)
*Instant Teller transactions are not included
- Additional Features
*Unlimited cheque writing:
-The first 50 cheque leaves are free on opening the account (applies to standard cheques not personalised versions)
-Personalised cheques are available in a variety of styles and scenes; a charge is levied for printing
-All cheques are magnetically (MICR) encoded with sequential numbering
-Government Stamp Duty may be applicable
*A stop payment facility is available for a fee
*FREE Internet Banking with bill payments. Some transactions (e.g. for wire transfers), will attract separate charges
*A FREE statement is only available via our Internet Banking Service
*A FREE mini-statement of the last 10 transactions is provided through our Instant Tellers
Mailed statements may be requested for an additional charge
Mailed statements will be provided for FREE to customers without access to Internet Banking
FREE 24–Hour Automated Telephone Banking
A Altas Union Overdraft Facility can be established on the account subject to agreement and meeting of the qualifying criteria
Customers will have no authorisation to present cheques when funds are not held on the account
Arrangements can be made to set up standing orders against the client’s account to pay bills and loans, and to transfer funds between account
- Special Conditions
*FREE banking at Altas Union Instant Tellers is available ONLY to businesses that fall into any one of the following categories:
-Is a sole trader/proprietor
-Has a business account where only one signatory to the account is required
-Has a business account with more than one signatory and only one signature is required to perform transactions on the account.
