Business Account Analysis & Earnings Credit

• Possibly offset monthly fees with an earnings credit.
• Greater transparency of fees assessed to your account in a summary format that simplifies and consolidates monthly fees.

Account Analysis will analyze your daily checking account balances to determine if you account is eligible for a monthly earnings credit, which can offset all or some of your monthly fees. At the end of each statement cycle, you will see an account analysis summary that details what fees were assessed to your account and how much of your earnings credit was used to offset those fees. This feature will take effect on August 1, 2022, so you will notice the summary on your August statement.

An earnings credit is based off the average consolidated balance for the period in your Select Business Checking account multiplied by an earnings credit rate (ECR) that adjusts monthly and is set by Park View. This earnings credit will be applied and potentially offset your monthly fees.

Yes, if your business account is in the Select Business Checking account type then you are eligible.

Please note that not all fees and charges are eligible to be offset by the earnings credit. The following fees will be deferred until the end of the month and are eligible to be offset.

• Excess Cash/Checks
• Cash/Coin Orders
• Overdraft Transfers
• Paper Statement
• ACH Origination
• Official Checks
• Return Deposits
• Wires (Foreign & Domestic)
• Safe Deposit Box

Fees eligible for offset will show within your online transaction description as ‘Fee Deferred’ on the day incurred. Any remaining analyzed charge not offset by the earnings credit will be assessed at the end of the month.

Fees not eligible for offset will be listed under the account transaction description and will not be included in the account analysis summary and will be charged on the day incurred.

If you have any questions about what impact Account Analysis and/or earnings credit will have on your account, please contact our Member Business Advisor team at mba@pvfcu.org or call them at 540.236.5761.