Advantage Business Money Market Accounts at Bank of Dudley are interest-bearing accounts for businesses and corporations. With this account, you’ll enjoy:
- Interest earned on your deposits
- Electronic banking and record keeping
- Fund transfers in person, by telephone and electronically
Federal law requires that a savings or money market account holder may make no more than six (6) transfers and/or withdrawals during any statement cycle, to another of your accounts with us or to a third party by means of a preauthorized or automatic transfer, or telephonic agreement, order or instruction or by check, draft, debit card, or similar order made by you and payable to third parties. In accordance with federal law, if you have more than the allowable transfers or checks or drafts in any one period, your account may be subject to closure or placed in another type of account which you are eligible to maintain.
In addition to the above transfer types, by law you may make unlimited withdrawals or transfers if made in person at our locations, by messenger, mail or telephone (via check mailed to you), or use of an ATM card and still maintain a savings or money market account, however you will be charged a $2.00 excessive debit fee for each debit over (6), regardless of type.
