Summit Bank is updating Business Analysis Statements to give business clients a clearer view of their account activity, fees and earnings credits.
A new statement schedule
Statements will continue to cover activity through the end of each month. However, statements will now be generated—and Account Analysis fees assessed—on the 15th of the following month.
If the 15th falls on a Saturday, Sunday or federal holiday, statements will be generated on the prior business day.
What’s improving
The updated statements will include:
- A cleaner layout: Find important account information faster.
- 12-month credit rollover: Unused excess earnings credits can roll forward for up to 12 months.
- More ways to use your credits: Apply available earnings credits toward eligible business account fees.
- Clearer fee details: Itemized fees and descriptions will show what each charge covers.
These changes are designed to make your monthly statement easier to review and help you get more value from your earnings credits.
Questions about your updated statement? Contact your Summit Bank advisor.