Checking Products

Ossian State Bank offers a variety of checking account options, including checking accounts with interest and the added benefits of the Right Direction Checking. With so many options, you’re sure to find the perfect fit for your business.

Business Checking Products:

Regular Checking
Requirements  
Initial Deposit $100.00
Minimum Balance $200.00
Maintenance Fee (per month) (If balance falls below $200.00) $8.00
Early Close (If before 90 days) $25.00
Dormant Account (per month) (After 12 months of inactivity) $1.00
Discretionary Overdraft Privilege $200.00, $400.00, $800.00 or $1,500.00
The Right Direction Checking (Sole Proprietorship Only)

Description:

For more information, download the Right Direction Brochure.

Requirements  
Initial Deposit $25.00
Minimum Balance $0.00
Monthly Maintenance Fee $4.99
Early Close (If before 90 days) $25.00
Dormant Account (per month) (After 12 months of inactivity) $1.00
Discretionary Overdraft Privilege $200.00, $400.00, $800.00 or $1,500.00
NOW Checking (Sole Proprietorship Only)

Features:

  • Simple Interest, Posted Monthly
  • Variable Rate, Subject to Change Daily
Requirements  
Initial Deposit $1,000.00
Minimum Balance $1,000.00
Maintenance Fee (per month) (If balance falls below $1,000.00) $12.00
Early Close (If before 90 days) $25.00
Dormant Account (per month) (After 12 months of inactivity) $1.00
Discretionary Overdraft Privilege $200.00, $400.00, $800.00 or $1,500.00
Business Interest Checking

Features:

  • 400 combined transactions items free per month ($0.25 per item over 400 items)
  • Simple Interest, Posted Monthly
  • Variable Rate, Subject to Change Daily
Requirements  
Initial Deposit $2,500.00
Minimum Balance $2,500.00
Maintenance Fee (per month) (If balance falls below $2,500.00) $12.00
Early Close (If before 90 days) $25.00
Discretionary Overdraft Privilege $200.00, $400.00, $800.00 or $1,500.00
Dormant Account (per month) (After 12 months of inactivity) $1.00