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New York: 212-218-8383
Florida: 727-442-2551



INTERVEST NATIONAL BANK
One Rockefeller Plaza, Suite 400
New York, NY 10020


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BUSINESS CHECKING ACCOUNTS

COMMERCIAL ACCOUNTS

Important Message For Business Account Customers The Unlawful Internet Gambling Enforcement Act of 2006 and its implementing regulation became effective on 12/1/09. This notice is to inform you that restricted transactions, transactions in which a person accepts credit, funds, instruments or other proceeds from another person in connection with unlawful internet gambling, are prohibited from being processed through your account or relationship with our bank.

BUSINESS CHECKING

This account is not a consumer account which Truth in Savings applies.

Earnings Credit This account features an earnings credit which is applied to reduce or eliminate fees on the account. If the earnings credit exceeds the fees for any period, you will be assessed no fees but you will not be paid, carry forward or otherwise receive credit for any excess earnings credit.

Earnings Credit Calculation The earnings credit will be calculated by applying the periodic earnings credit rate to the average collected balance in the account for the period, rounded down to the nearest $100. No earnings credit will be earned if the average collected balance for the period is less than $100. The periodic earnings credit rate is equal to the 90 Day Treasury Bill Rate divided by 12. The periodic earnings credit rate may change monthly. The average collected balance is calculated by adding the collected balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle.

Accrual of earnings credit on noncash deposits Earnings credit begins to accrue on the first business day after the banking day you deposit noncash items (for example, checks).

Fees:
A maintenance fee of $10.00 will be charged each monthly statement cycle.
A debit item fee of $.15 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account).
A deposit item fee of $.l0 will be charged for each item deposited.
A deposit fee of $.25 will be charged for each deposit

Periodic earnings credit rate information:
The current periodic earnings credit rate for your account is $_____ per $100.00 for the month of _____.

BUSINESS INTEREST CHECKING

This account is not a consumer account to which Truth in Savings applies.

Rate Information At our discretion, we may change the interest rate and annual percentage yield on your account at any time
Compounding and crediting frequency  Interest will be compounded monthly.  Interest will be credited to your account every month.                               

Effect of closing an account
  If you close your account before interest is credited, you will not receive the accrued interest. In addition, if an account is closed within 90 days of the opening date, an additional fee will apply as noted in the Fee Schedule.

Minimum balance to open the account
you must deposit $100.00 to open this account.

Minimum balance to avoid imposition of a monthly maintenance fee
A maintenance fee of $10.00 will be imposed each monthly statement cycle if the average daily balance for the cycle falls below $2,500.00. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Minimum balance to obtain the annual percentage yield disclosed.
You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.

Daily balance computation method
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of Interest noncash deposits
Interest begins to accrue on the first business day after the banking day you deposit noncash items (for example, checks).

Fees:
If the average daily balance in your account falls below $2,500.00 during the monthly statement cycle the following fees will apply:
A deposit fee of $.25 will be charged for each deposit made to this account.
A deposit item fee of $.10 will be charged for each item deposited into this account.
A debit item fee of $.15 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account).

BUSINESS MONEY MARKET

This account is not a consumer account to which Truth in Savings applies.

Rate Information At our discretion, we may change the interest rate and annual percentage yield on your account at any time.

Compounding and crediting frequency
Interest will be compounded every day. Interest will be credited to your account every month.

Effect of closing an account
If you close your account before interest is credited, you will not receive the accrued interest. In addition, if an account is closed within 90 days of the opening date, an additional fee will apply as noted in the Fee Schedule

Minimum balance to open the account
You must deposit $1,000.00 to open this account.

Minimum balance to avoid imposition of monthly maintenance fee
A maintenance fee of $12.00 will be imposed each monthly statement cycle if the average daily balance for the monthly statement cycle falls below $2,500.00. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Minimum balance to obtain the annual percentage yield disclosed
You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.

Daily balance computation method
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of Interest on noncash deposits
Interest begins to accrue on the first business day after the banking day you deposit noncash items (for example, checks).

Transaction limitations:

Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone or computer transfer, check, draft or similar order are limited to six per statement cycle.
Fees An excess items fee of $10.00 will be charged for each item exceeding the allowed limit during a monthly statement cycle.