Commercial Online Banking offers cash management services to businesses of any size. Our solution can be customized to meet the specific needs of your business, whether you work from an office in your home or have more than 100 employees.


All information is real time, which means the data you view is up-to–the-minute accurate.


Commercial Online banking provides you with secure and reliable access to your account information and provides you the ability to initiate transactions via the internet. You have access to your Presidential accounts anywhere you have access to the internet using a standard web browser.


Features and services

  • Balance Reporting provides summary information at a glance, and allows drill down into additional details by account.
  • Book Transfers allows for the transfer of funds between Presidential accounts. Transfers can be scheduled for the current day, a date in the future or on a recurring basis.
  • Wire Transfers moves funds between accounts that are within different financial institutions.
  • Stop Payment allows you to request a stop payment on an individual check or a range of checks.
  • Online Services access your Historical Statements and Check & Deposit Images. Provides a direct request channel for photocopies of checks or statements, investigation of questionable transactions and online check orders.
  • Administration offers a full suite of administrative functions including end-user maintenance, activity reporting, balance alerts, account maintenance, password modification, and the inactivity timeout setting. The company administrator has access to all of the Administration options to establish company users, access and limits.
  • Email provides a direct link between you and Presidential Bank.
  • Sweeps The Sweeps function provides the ability to set up automated sweeps on accounts, to keep balances within certain limits. When a limit is reached, the system transfers money between the specified accounts (just enough to bring the monitored account back to the threshold amount) and sends an email message to indicate the activity.
  • ACH allows you to create Automated Clearing House (ACH) files and submit them to the Bank.
  • EFTPS (Tax Payments) allows you to create EFTPS files and submit them to the Presidential Bank.

Personal financial management software packages (can be used with Commercial Online Banking)

  • Quick Books
  • Quicken
  • Quick Books Pro
  • Microsoft Money
  • Comma Delimited
  • HTML

Browser security

Commercial Online Banking uses Secure Socket Layer (SSL) encryption technology for everything that is done through the service. Your browser automatically activates this technology when it attempts to connect to our service. Commercial Online Banking requires a browser that supports 128-bit encryption.


The encryption ensures that any account information that appears in the URL is not readable if intercepted. The URL addresses are encrypted on all transactions. Whenever SSL is securing your communication, the browser will typically indicate this secure session by changing the appearance of a small icon of a padlock at the bottom of the screen from “open” to “locked”.


Password and User ID verification is also utilized.


Schedule of fees

Balance Report No charge
Book / Internal Transfers No charge
Sweep Balance Transfer No charge
Tax Payments No charge
ACH Origination $15.00 per file
ACH Return Item $2.50 per item
Insufficient Funds Charge $25.00 per item
Stop Payments $20.00 each
Research Request $20.00 per hour ($10.00 minimum)
Wire Transfers, Domestic Destination $15 per item
Wire Transfers, International Destination (US$) $45.00 per item
Wire Transfers, International Destination(Foreign Currency) $35.00 per item

Cut-off times

Wire Transfers 3:00 pm EST, for same banking day processing
Stop Payments 4:00 pm EST
Tax Payments 12:00 pm EST, 1 business day prior to the effective date of entry
ACH Payments & Collections 4:00 pm EST, 2 business days prior to the effective date of entry

Online Banking Security

Click here to learn more about our online banking security features.

Last Modifications: 9/1/2015 5:39:34 PM