Checking Accounts
Commercial
Description:
This is a non-interest bearing checking account.
Requirements:
No minimum balance requirement
Benefits:
Easy access to your money
Fees:
- A dormant service charge of $1.00 per statement cycle will be charged after 12 months of inactivity.
- Dormant accounts with a $0.00 balance will be closed.
NOTICE:
Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006
The UIGEA, signed into law in 2006, prohibits any person engaged in the business of betting or wagering (as defined in the ACT) from knowingly accepting payments in connection with the participation of another person in unlawful internet gambling. The Debt of Treasury and the Federal Reserve Board have issued a joint final rule, Regulation GG, to implement this Act.
As defined in Regulation GG, unlawful Internet gambling means to "place, receive or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the internet where such bet or wager is unlawful under any applicable Federal or State Law in the State or Tribal Lands in which the bet or wager is initiated, received or otherwise made."
As a customer of the Bank of Glen Ullin, these restricted transactions are prohibited from being processed through your account or banking relationship with us. If you do engage in an Internet Gambling Business and open a new account with us, we will ask that you provide evidence of your legal capacity to do so.
