Commercial Checking

Minimum to Open Interest Paid ATM Privileges Min. Balance Transaction Limits
$500 No Yes $500 None

Available Branch & Internet (Commercial Internet Accounts may be limited to MD, DC & VA)

Other features
  • Visa® Business Debit Card available
  • Online Business Banking (fees may apply)
  • Unlimited check writing privileges
  • Monthly statements (Paperless statements available. Accounts opened online are provided electronic statements.)
  • Check & Deposit images online
  • Check images (front) returned with statements
  • Online Historical Statements
  • Email deposit notifications
  • Third-Party Bank by Mail deposits
  • *Payable Through Draft (requires prior Bank setup)

 
Application required for Online Business Banking (fees may apply). Fees may apply for additional services. Money Management not available for business accounts.

Stop payment orders for commercial checks may be sent through the Bank’s website. Checks printed to state that they are "payable through” the Bank are only paid after the commercial customer has an opportunity to decline payment. This type of check allows the payor more control over the funds disbursement process. Copies of payable through drafts are transmitted upon receipt to the business customer, who may reject payment of particular items, if desired, prior to a specific deadline (typically 24 hours).  It is the customer’s responsibility to give timely notice to the Bank, if a payable through draft is to be returned unpaid.  The same funds availability timeframes apply to payable through drafts as to other types of checks.  Customers wishing to use this type of check are asked to contact their local Branch or our Customer Service Center at 1-800-383-6266.  There is no separate charge for this service.

Last Modifications: 11/1/2018 1:11:32 PM