Business Checking and Savings
All business checking and savings accounts include:
- FDIC Insurance at no additional cost to you
- CDARS Program
- Cash sweep
- ATM/Debit card access
- Up to $12.00 per month reimbursed of ATM surcharges incurred
- Unlimited transactions at Westfield ATM’s
- Free ATM deposit and balance inquiries
- Free Visa Merchant and other point-of-sale purchases
- Combined statement
Federal regulations restrict account holders to six “preauthorized” withdrawals per month. Preauthorized withdrawals include telephone transfers, wire transfers, automatic payments and checks. The law allows unlimited withdrawals at branches, ATMs and by mail.
| Business Checking | |||
| Available Features | Business Checking | Advantage Checking | Just Checking |
|---|---|---|---|
| Minimum Opening Balance | $250 | $500 | $50 |
| Available to All Business Types | Yes | Sole Proprietors, Non-Profits, Civic Groups, Public Funds | Non-Profits, Civic Groups |
Federal regulations restrict account holders to six “preauthorized” withdrawals per month. Preauthorized withdrawals include telephone transfers, wire transfers, automatic payments and checks. The law allows unlimited withdrawals at branches, ATMs and by mail.
| Business Savings | |||
| Available Features | Escrow Savings | Business Relationship Savings | |
|---|---|---|---|
| Minimum Opening Balance | $50 | $500 | |
Federal regulations restrict account holders to six “preauthorized” withdrawals per month. Preauthorized withdrawals include telephone transfers, wire transfers, automatic payments and checks. The law allows unlimited withdrawals at branches, ATMs and by mail.
| Business CD's/IRA's | |||
| Available Features | Certificates of Deposit | IRA Time Deposit | IRA Savings |
|---|---|---|---|
| Minimum Opening Balance | $5,000 | $2,000 | $500 |
| FDIC Insured | Yes | Yes | Yes |
| Online Banking w/Checking or Savings | Inquiry Only | Inquiry Only | Inquiry Only |
| Telephone Banking Access 24/7 | Summary | Summary | Summary |
Federal regulations restrict account holders to six “preauthorized” withdrawals per month. Preauthorized withdrawals include telephone transfers, wire transfers, automatic payments and checks. The law allows unlimited withdrawals at branches, ATMs and by mail.
