![]() If the Merchant Services account is closed for any reason, the automatic monthly service charge waiver no longer applies to the Classic Business Checking account. Ask us about other ways to waive the monthly service charge on Classic Business Checking. Monthly Service Charge waivers will become effective up to two business days following the day the Classic Business Checking account is opened or transferred. Certain fees, conditions, and restrictions may apply. ↩ĤYour Elavon Merchant Services must be set up through Bank of the West and settle to the Classic Business Checking account to waive the $25 Monthly Service Charge. ↩ģThe $10 Monthly Service Charge on Any Deposit Checking for Business account may only be waived by making at least one (1) deposit of any amount to the Any Deposit Checking for Business account during the statement cycle, such as merchant services funds settlement, direct deposit, mobile deposit, ATM deposit, or in-branch deposit (does not include fund transfers between Bank of the West accounts or any credit from Bank of the West.) If the Merchant Services account being used to deposit monthly is closed for any reason, and there isn't another monthly deposit being made, the automatic monthly service charge waiver no longer applies to the Any Deposit Checking for Business account. Additional bank fees apply if you are also enrolled in TreasuryNow. ![]() True Daily funding credits are applied as a “real-time payment”. Funding on weekends and holidays via Elavon's True Daily funding service subject to a monthly fee. Transaction limits and restrictions may apply. Our business days are Monday through Friday excluding federal holidays. Files received after 7:00 pm PT will be funded the next business day. Transaction files received by 7:00 pm PT will be funded to a Bank of the West Business Checking account the same business day. ↩ĢApplies only to transactions that are electronically deposited into your Bank of the West account. Bank of the West may be compensated by Elavon for approved accounts, among other things. Bank of the West makes no representations or warranties regarding Elavon's services and does not accept any responsibility for those services or for any other acts or omissions of Elavon. 1Merchant Services are: (i) provided by Elavon®, a separate legal entity which Bank of the West does not own or control and (ii) subject to credit approval and to terms, conditions and fees established by Elavon.
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