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| 1st Constitution Bank Believes in giving
small businesses the tools to grow. Overdraft protection, is the product
you need to save you from overdraft fees. Plus, it gives you extra
funds when you need them.
For information on how to apply Email
or call: Two ways to get more from your business checking account Write yourself a loan:
Once your overdraft account is established, you can write your own loan up to the approved line amount just by writing a check. That means the added convenience plus fast and easy access to extra funds as needed.
Overdraft protection:
Cash Reserve also protects you from the inconvenience and fees that result from overdrawing your checking account. If you write a check that exceeds your balance, Cash Reserve will cover it, up to the approved amount of your credit line.
Credit Limit:
Payment Schedule
Interest Rate
The Annual percentage Rate is fixed at 13%. The daily periodic rate is 0.03562%. Fees We will charge you an annual membership fee in the amount of $50.
This fee will be assessed only once in a 12-month period. Email
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Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts
1st Constitution Bank is participating in the FDIC's Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. The temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.
The term “noninterest-bearing checking account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking account or demand deposit accounts that may earn interest, NOW accounts, money market deposit accounts, and Interest on Lawyer Trust Accounts (IOLTA’s).
Funds that are automatically transferred, or “swept” from a noninterest-bearing transaction account to another account that does not qualify as a noninterest-bearing account will no longer be fully covered under the Transaction Account Guarantee Program (TAGP).
Equal Opportunity Housing Lender
Equal Housing Lenders. 1st Constitution Bank is a member FDIC. © 2000 1st Constitution Bancorp. All Rights Reserved.
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IMPORTANT INFORMATION ABOUT PROCEDURES
FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.