Valley Business Bank

Business Checking Accounts

Business Checking Account
Our Business Checking Account is ready to meet your business’ needs – at start up and every stage of its growth. When you have a limited number of transactions, including checks, deposits, and electronic funds transfers such as ACH debits and credits, you will pay a low monthly service fee. Other types of account transactions are subject to usage fees as detailed below.

As your business grows and your volume of transactions increases, we may, at our sole discretion, place your Business Checking Account on account analysis. This means activity based service charges are billed to the account in addition to a monthly service charge. An Analyzed Business Checking Account earns a credit on your account’s average collected balance. The credit is applied against your monthly fees and charges which gives you the opportunity to significantly lower your cost.

Business Interest Checking Account
Our Business Interest Checking Account is designed for customers that want to earn a competitive rate of interest on their average collected balance while maintaining easy access to their funds. It is available for sole proprietorships as well as certain non-profit organizations, government entities, and certain pension and escrow accounts that have a limited number of check and deposit transactions. With a Business Interest Checking Account, you will pay a low monthly service fee. Other types of account transactions are subject to usage fees as detailed below. Business Interest Checking Accounts may be placed on account analysis at the sole discretion of Valley Business Bank.

Details of our various Business Checking Accounts are as follows:

BUSINESS CHECKING ACCOUNT
Who should use this account	Businesses with typically less than 100 checks paid and/or less than 20 deposits per monthly statement cycle.
Account features	No per check fee (first 100 checks) No per deposit fee (first 20 deposits) 24 Hour ATM 24 Hour Internet Banking 24 Hour Telephone Banking Automatic transfers Notary Service
Average daily balance required to avoid monthly services charge	$5,000
Monthly service charge	$15
An additional charge will apply for checks or other debits paid over (100) in one month	$.25 per item
An additional charge will apply for deposits or other credits made over (20) in one month	$1.00 per item
Activity based service charges	See link below
Initial deposit required to open account	$500

ANALYZED BUSINESS CHECKING ACCOUNT
Who should use this account	Businesses with typically more than 100 checks paid and/or more than 20 deposits per monthly statement cycle.
Account features	Earnings credit applied against monthly maintenance fee and activity charges Detailed analysis statement that consolidates all Valley Business Bank accounts 24 Hour ATM 24 Hour Internet Banking 24 Hour Telephone Banking Automatic transfers Notary Service
Monthly maintenance fee	$15
Activity based service charges	See link below
Initial deposit to open account	$500

BUSINESS INTEREST CHECKING ACCOUNT
Who should use this account	Sole proprietorships and other entities as listed above with typically less than 100 checks paid and/or less than 20 deposits per monthly statement cycle.
Account features	No per check fee (first 100 checks) No per deposit fee (first 20 deposits) Interest is compounded daily and paid monthly 24 Hour ATM 24 Hour Internet Banking 24 Hour Telephone Banking Automatic transfers Notary Service
Average daily balance required to avoid monthly services charge	$7,500
Monthly service charge	$15
An additional charge will apply for checks or other debits paid over (100) in one month	$.25 per item
An additional charge will apply for deposits or other credits made over (20) in one month	$1.00 per item
Activity based service charges	See link below
Initial deposit to open account	$500

ANALYZED BUSINESS INTEREST CHECKING ACCOUNT
Who should use this account	Sole proprietorships and other entities as listed above with typically more than 100 checks paid and/or more than 20 deposits per monthly statement cycle.
Account features	Interest compounded daily and paid monthly Earnings credit is reduced by interest earned, then applied against monthly maintenance fee and activity charges Detailed analysis statement that consolidates all Valley Business Bank business accounts 24 Hour ATM 24 Hour Internet Banking 24 Hour Telephone Banking Automatic transfers Notary Service
Monthly maintenance fee	$15.00
Activity based service charges	See link below
Initial deposit to open account	$500