Business Services

• Checking and Savings Accounts:

  Checking and savings accounts are essential banking services that provide individuals and businesses with a secure place to deposit and manage their funds. Checking accounts allow for convenient and frequent transactions, such as writing checks, making debit card purchases, and withdrawing cash. Savings accounts, on the other hand, offer interest on deposited funds and are designed for long-term savings goals.

• Business Time Deposits:

  Business time deposits, also known as certificates of deposit (CDs), are specialized accounts that allow businesses to earn a fixed interest rate on their deposited funds over a specific period. These deposits typically have higher interest rates than regular savings accounts and are a reliable way for businesses to grow their capital while maintaining liquidity.

• Payroll Processing:

  Payroll processing is a crucial service provided by us to assist businesses in managing their employees’ wages and salaries. We handle tasks like calculating net pay, deducting taxes and other withholdings, and facilitating direct deposit or issuing physical paychecks. This service ensures accurate and efficient payment processing for both employers and employees.

• Direct Deposit of Payroll:

  Direct deposit of payroll is a convenient service offered by us that enables employers to electronically transfer employees’ wages directly into their bank accounts. This eliminates the need for paper checks and simplifies the payment process for businesses while providing employees with quick and secure access to their funds.

• Computerized Banking:

  Computerized banking, also known as online banking or electronic banking, allows customers to access and manage their accounts using computers or mobile devices. This service enables customers to check account balances, transfer funds, pay bills, and perform various banking transactions conveniently and securely from anywhere with an internet connection.

• Employee Benefit Plan Services:

  Banks provide employee benefit plan services to businesses, facilitating the management and administration of employee benefits such as retirement plans, health savings accounts, and flexible spending accounts. These services help streamline benefit enrollment, contributions, and distributions, ensuring compliance with relevant regulations.

• Night Deposit:

  Night deposit services offer a secure way for businesses to make deposits outside of regular banking hours. With night deposit boxes or deposit safes, businesses can drop off cash and checks for processing by the bank on the following business day. This service is particularly useful for businesses with high cash flow or those operating during non-standard hours.

• Lock Box Collection:

  Lock box collection services are provided by banks to streamline the collection of payments for businesses. We provide a dedicated post office box for businesses to receive customer payments. Upon receipt, we collect and process the payments on behalf of the business, accelerating the payment processing and improving cash flow.

• Combined Statements:

  Combined statements are a banking service that consolidates multiple accounts or transactions into a single statement. This simplifies financial management by providing customers with a comprehensive overview of their various accounts and activities in one document. It helps individuals and businesses monitor their finances and track transactions more efficiently.

• Depository for Taxes:

  We offer depository services for taxes, allowing individuals and businesses to deposit their tax payments directly with the bank. These services ensure secure handling and processing of tax payments, providing convenience and peace of mind to taxpayers.

• Safe Deposit Box:

  Safe deposit boxes are secure storage compartments provided by us to customers for the safekeeping of valuable items and documents. These boxes offer an additional layer of protection against loss, theft, or damage and provide customers with a secure place to store important possessions, such as jewelry, legal documents, or sensitive data.

• Foreign Exchange:

  Foreign exchange services provided allow customers to exchange one currency for another. These services cater to individuals and businesses involved in international transactions, enabling them to convert currencies at competitive rates. We offer foreign currency exchange in the form of cash or digital transfers to facilitate international travel, trade, or investments.