What is account analysis?
An account analysis statement is the bank's invoice to you. The statement includes detailed information relating to the noncredit bank services that were used over a specific period.

Who can benefit from account analysis?

• Companies using noncredit bank services
• Companies with a need to monitor bank compensation balances
• Companies paying directly for services in lieu of balances
• Companies wanting specific information on the cost of their depository services
• Companies with multiple checking accounts

How does it work?

• We put your company on the account analysis system
• An analysis statement is generated monthly that reflects services used over the previous month
• The analysis statement provides:
  • Average ledger balance
  • Average collected balance
  • Compensating loan balance (if applicable)
  • Earnings credit rate – Earnings credit or shortfall
  • Detail of activity passing through the account
• The analysis statement is made within the first ten business days of the following month

Benefits to you

• A convenient detailed review of all checking accounts maintained at Home Federal
• Accurate settlement information relating to balance excess or shortfall
• More efficient monitoring of bank fees and activity