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News & Information

Happenings and Dates to Remember

Fosston Rotary 5K will be held on Saturday, May 3rd at 10:00 a.m. with a kidís 1K at 9:30.

Highway 2 Cruisers annual car show is Saturday, August 23, from 10:00 to 2:00.

First Care Foundationís 4th Tango & Cash will be held on Saturday, October 18, at the Fosston Civic Center.

 

 

 

 

      

 

 

 

 

 

 

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Checking

All of our checking products take full advantage of the cost saving, super convenient features of Online Banking. While they still incorporate paper checks, we do automatically image those checks and then promote eStatement delivery. This opens a whole new world of opportunities for saving your imaged statements and checks on your hard drive, organized in any fashion you wish for easy retrieval at a later time. You can also access your accounts online with NetBanc, ExecuBanc and/or MobileBanc from anywhere and go back as far as 18 months to download statements as desired!  And of course, you can pay your bills through ePay. Businesses may also qualify to submit payrolls and/or receive customer payments with our ACH Direct product.  This service, which is free of charge, is subject to approval.  

Here is a quick description of our business checking accounts:

Commercial Checking is available to any public service or non-profit organization (such as churches, foundations, schools or local units of government) and any business or farm operation organized as a sole proprietorship, corporation, partnership or cooperative. This feature-rich, non-interest checking account offers the full advantage of cost saving Internet Banking, such as Electronic Delivery of Imaged Statements and Checks.

Regular Checking is available to any individual, non-profit organization or sole proprietorship business that uses the owner's social security number for tax purposes. Minimum balance required to open is $100.

NOW Checking is available to any individual, sole proprietorship, non-profit organization or any business not prohibited from earning interest on their checking account. Its moderate interest rates and annual percentage yields (APY) are subject to change without notice and paid according to your available balance. If your balance falls below the minimum, interest will not be paid for that month. Click here for our Current Rates.

Money Market Checking similar to NOW Checking except it offers a different rate structure of interest. It is available to individuals, public service or non-profit organizations and sole proprietorship businesses that use the owner's social security number for tax purposes. Its interest rates and annual percentage yields (APY) are subject to change without notice and tiered according to your available balance. If your balance falls below the minimum, interest will not be paid for that month. Click here for our Current Rates.

Ultima Checking is similar to Money Market Checking except it pays an even higher rate of interest depending on the account balance. It is available to individuals, public service or non-profit organizations and sole proprietorship businesses that use the owner's social security number for tax purposes. Its very attractive interest rates and annual percentage yields (APY) are subject to change without notice and tiered according to your available balance. If your balance falls below the minimum, interest will not be paid for that month. Click here for our Current Rates.

Liquid Asset Checking is designed specifically for "public service" or "non-profit" organizations such as school districts; state, county, township and municipal government; churches, etc. This very unique, highly liquid demand account offers interest rates competitive with any on the national market. Its very attractive interest rates and annual percentage yields (APY) are subject to change without notice and tiered according to your available balance. If your balance falls below the minimum, interest will not be paid for that month. Click here for Today's Rates.

With eStatement delivery, you receive:

~ No Minimum Balance Required               ~ Statement and images delivered to your inbox for free             

~ No per item fees                                         ~ Additional eStatements delivered to a Third Party at no charge

~ Free UBM Debit Card                                  ~ Free Ready Reserve Transfers (upon approved credit)        

~ Free MobileBanc Access                         ~ Free ExecuBanc/NetBanc Access                        

 

The following fees will apply if you do not receive your statement electronically:

  Commercial Regular NOW Money Market Ultima Liquid Asset
Account Restrictions Business Only None None None None None
Minimum Balance required to earn Interest* Non-interest bearing account Non-interest bearing account $500 $1,000 $10,000 $10,000
Minimum Balance Required (to override per check fee) $1,500 $250 $500 $1,000 $10,000 $10,000
Statement mailed with no images No charge No charge No charge No charge No charge No charge
Statement mailed with images $10.00/statement $3.00/statement $3.00/statement $3.00/statement $3.00/statement $3.00/statement
Additional statements produced/mailed $5.00/statement $5.00/statement $5.00/statement $5.00/statement $5.00/statement $5.00/statement
Per debit item Fee** $0.20 each $0.15 each $0.15 each $0.15 each $0.15 each $0.20 each
Per Transit (non-UBM check) Item Deposited Fee** $0.20 each $0.15 each $0.15 each $0.15 each $0.15 each $0.20 each
Ready Reserve (upon approved credit) $3.00/transfer $3.00/transfer $3.00/transfer $3.00/transfer $3.00/transfer $3.00/transfer
UBM Debit Card $1.00/month $1.00/month $1.00/month $1.00/month $1.00/month $1.00 month
Free Checks n/a n/a n/a 1 box free Yes n/a
ACH Direct Yes Yes Yes Yes Yes Yes

*Interest accrual begins on the first business day after the day we receive your deposit. Interest is calculated daily based on your available balance, then compounded and credited to your account monthly. The Interest Rate is variable and subject to change without notice. Fees could reduce earnings.

**These Fees Are Charged Only If Balance Falls Below Required Minimum

Liquid Asset Only - Total Withdrawals/Day not to exceed $100,000 without Seven-Day (7) notice

~ To open a Checking Account, please stop in at any one of our UBM locations~

Other Fees