Banking's Great Leveler Is the Internet

New Mexico Business Journal, May, 2001 by Susan Craig

Bank                                 Service/Product
Community Bank                       Business checking,
                                     interest-bearing
                                     Business savings,
                                     interest-bearing
                                     Commercial money
                                     market account
First State Bank                     Basic account
                                     Lockbox
                                     ACH origination
                                     First E-Cash
                                     Investment sweep
                                     Loan sweep
New Mexico                           Regular commercial
Bank & Trust                         Checking
                                     nBusiness Online
                                     Banking
                                     ACH origination
                                     Investment sweep
Wells Fargo
  Offers five new Wells Fargo Packs (sm)
for Business: Low Activity, Basic
Business Checking, Active Business
Checking, BDCA Business Checking;
and Choice IV Business Checking,
plus additional products that may
be added to the above. Packs
provide a wide range of combined
products and services which can
save the customer $71 to $425 over
the same items if selected
separately. Space prohibits listing
of itemized fees.
                                     Business savings
                                     Market rate and
                                     money market
                                     access accounts
Bank                                 Fee
Community Bank                       Minimum balance $700, $8 charge if
                                         balance falls belwo minimum
                                     Unlimited check writing
                                     Minimum $100 to open, then charge
                                         of $6/quarter if balance falls
                                     Minimum balance $2,500, $800 charge
                                     if balance falls below minimum
First State Bank                     Maintenance $7/month
                                     Deposits posted $.055/item
                                     Debits posted $.115/item
                                     ACH debits posted $.05/item
                                     Fees per customer requirements
                                     Software licensing $50 one time;
                                       electronic item $.10/item maint
                                       $25/month; returns $2/item;
                                       Software training $50/hour
                                     Maintenance $25/month
                                     Outgoing wires $5/wire
                                     Stop payments $17.50/stop
                                     ACH maintenance $25/month;
                                       electrotnic items $.10/item
                                     $75/month
                                       $75/month
New Mexico                           Basis fee $7/month
Bank & Trust                         Checks paid $.17/item
                                     Deposits $.27/deposit
                                     Tier 1,$25/mouth minimum; Tier 2,
                                     $50/month minimum; varying item
                                     charges
                                     Tape/modern connection $.06/item;
                                       $2.00/transmission; monthly
                                       minimum $15.00
                                     Minimum $50,000; fee $60/month
Wells Fargo
  Offers five new Wells Fargo Packs (sm)
for Business: Low Activity, Basic
Business Checking, Active Business
Checking, BDCA Business Checking;
and Choice IV Business Checking,
plus additional products that may
be added to the above. Packs
provide a wide range of combined
products and services which can
save the customer $71 to $425 over
the same items if selected
separately. Space prohibits listing
of itemized fees.
                                     Maintenance $5/statement cycle;
                                     waived if minimum daily ledger
                                     balance P0 or more
                                     Fees per deposits over 10/state-
                                     ment cycle
                                     Various plans and fees