Open Bank (CEO Min Kim) announced the launch of its Cash Management Service (CMS) promotion for business customers starting May 1.
During the promotional period, new business checking account holders who maintain specific daily balance thresholds for at least one day within 30 days of account opening will be eligible for various CMS fee waivers. Regular CMS fees will apply after 12 months.
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$5,000+ Balance: Waiver of the $100 CMS setup fee and up to $50 for the first business check order.
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$25,000+ Balance: Waiver of the $100 CMS setup fee, up to $150 for check orders, and $30/month CMS Standard maintenance fee for 1 year.
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$50,000+ Balance: Waiver of the $100 CMS setup fee, online CMS banking fee, 1-year CMS Standard maintenance fee, remote deposit scanner rental, up to $300 for check orders, and CMS Premium Plus monthly maintenance fee.
Details are available at Open Bank branches.
[By WONHEE CHO]
