A team celebrating

Checking

Our Transition Team is Ready

As the oldest small business in Sevier County, we understand the challenges of operating a business in this market better than anyone. We know you can’t afford a lot of time out of the office waiting in line or filling out forms. That’s why our Transition Team is ready to come to your office, on your schedule, with everything you need to open a new account or transfer your current accounts to SCB. Give us a call and we’ll come to you.

  • $100 minimum deposit to open, with no minimum balance requirement
  • Up to 50 free debits each month, $0.25 for each debit > 50
  • (>50 debits fee waived with $2,000 average monthly collected balance)
  • For all types of businesses
  • $2,000 minimum deposit to open
  • $12 monthly service charge (waived with a $2,000 daily balance)
  • Competitive variable interest rate based on tiers
  • $2,000 minimum deposit to open
  • $15 monthly service charge
  • Monthly service charge waived with any one of the following:
    • Maintain a $2,000 daily balance
    • 5 or more debit card transactions per statement cycle AND elect to receive eStatements
    • 5 or more ACH transactions per statement cycle AND elect to receive eStatements
  • Competitive variable interest rate based on tiers
  • For non-profits and estate accounts
  • $100 minimum deposit to open with no minimum balance requirement
  • Up to 50 free debits each month, $0.25 for each debit >50
  • Competitive variable interest rate based on tiers
This account is designed for the business with high volume account activity
  • $100 minimum deposit to open
  • Monthly service charge varies, based on account analysis
Interest on Lawyers Trust Account (IOLTA)
  • No minimum balance requirement
  • Competitive variable interest rate
  • Interest paid directly to the Tennessee Bar Foundation on a monthly basis 


 

 
 
 
Important Changes to our Funds Availability Policy:
 

Effective July 1, 2020, you will have access to more of your funds when one of the holds noted below is placed on your check deposit:

  • The $200 next business day availability for non-next day checks will increase to $225. This amount is used on case-by-case holds. 
  • For new customers, during the first 30-days your account is open, the $5,000 aggregation of all types of check deposits on any one banking day that are subject to the next-day availability requirement will increase to $5,525. 
  • The $5,000 threshold for exception holds for both new accounts and large deposits will increase to $5,525.
  • The $5,000 threshold for an account has been repeatedly overdrawn over the last six months will increase to $5,525.

 Please know that we will continue to notify you at the time you make your deposit if we are not going to make all the funds from your deposit available on the first business day.

The above policy changes reflect changes in Federal Regulation CC that is effective July 1, 2020.