Business Banking

Checking Accounts

Advantage

The Business Advantage checking account is ideal for businesses with low transactions volumes and who are willing to “go green” with the electronic delivery of monthly account statements. Monthly service charges can be avoided by keeping a minimum daily balance and transaction activity below the established thresholds. There are two levels available to meet the needs of your business.


Small Business Advantage

  • 100 free transactions* per statement cycle and $0.35 for each transaction thereafter
  • No per item charge for checks deposited
  • $1,000.00 minimum daily balance required or $ 7.00 monthly fee
  • Free Electronic Statement Delivery** of your account statement including check images
  • Free Online and Telephone Banking
  • No monthly fee for Cash Management service, per item fees for ACH originations do apply
  • Web BillPay service available, additional fee may apply

Business Advantage

  • 200 free transactions* per statement cycle and $0.35 for each transaction thereafter
  • No per item charge for checks deposited
  • $2,500.00 minimum daily balance required or $ 10.00 monthly fee
  • Free Electronic Statement Delivery** of your account statement including check images
  • Free Online and Telephone Banking
  • Free Mobile banking
  • No monthly fee for Cash Management service, per item fees for ACH originations do apply
  • Web BillPay service available, additional fee may apply
 
*Transactions include each item posted to the account
**If enrollment for eDelivery hasn’t been completed within 60 days of account opening, the account will be converted to the Analyzed Business Checking – Regular
 

Minimum deposit to open $50.00

Analyzed

Our analyzed business checking account is designed to meet the needs of small to medium sized businesses as well as large corporations, with two levels – Economy and Regular. Monthly service charges are based on the level of account activity and the average daily balances maintained. A variable rate earnings credit is applied monthly to offset service charges. This account adds value with the capability of linking other deposit accounts for inclusion in the earnings credit calculation.

Economy - For businesses with low to moderate transaction volumes, have limited cash balances, and process 50 checks or less per month.

Regular – For the commercial customer with high transaction volumes, have moderate to high cash balances, and process over 50 checks per month.

  • No minimum balance required
  • Per item fees apply – refer to business fee schedule
  • No charge for Elmira Savings Bank checks deposited
  • No charge for deposit tickets processed
  • Free monthly account statement with check images
  • Free Electronic Statement Delivery of your account statement including check images
  • Free Online Banking to view accounts and account history
  • Monthly service charge based on use and balance(s) carried in account(s). A variable rate earnings credit is applied to offset the service charge.

Minimum deposit to open $50.00

Small Business NOW Account

Designed for sole proprietors and DBA’s. This interest-bearing checking account is ideal for low activity accounts, perfect for that up and coming entrepreneur!

  • Interest paid on balances of $1,000.00 and over
  • Free Online and Telephone Banking
  • Free Mobile Banking
  • First 25 debits per month free, $0.25 each debit thereafter
  • Free Electronic Statement Delivery of your account statement including check images
  • $1,000.00 minimum daily balance or a flat $8.00 monthly fee
  • Web BillPay service available, additional fee may apply

Minimum deposit to open $50.00

Other services available to business customers include:

  • Cash Management
  • Night Deposit
  • Remote Deposit Capture
  • Lock Box
  • Visa Corporate Credit Cards
  • Merchant Services

 

For detailed information regarding our products and services, to recieve a copy of the Truth in Savings disclsure for a specific account, or to recieve a copy of our Additional Services Fee Schedule, stop by your local branch office or contact us at (607) 734-3374 or toll free at (888) 372-9299.

 

Elmira Savings Bank • 333 E. Water St., Elmira, NY 14901 • Phone: (607) 734-3374 • (888) 372-9299 •       

© Copyright 2013 Elmira Savings Bank. All Rights Reserved. Member FDIC.