Business Checking
At Jeff Bank, we take pride in offering an array of accounts to help find one that will suit your business needs.
Small Business Checking
With our Small Business Checking Account, the monthly service charge is waived for the first year. After the first year, a $10.00 monthly service charge will be assessed for average balances below $1,500.00.
- Minimum Opening Deposit of $25.00
- First 100 transactions per statement cycle, there is no transaction fee; each additional transaction is $0.15 (fifteen cents) per item
- Debit Card Available
- Checks Available
Business Checking
There is a monthly service charge of $7.00. The account holder is eligible for Business Select, a Personal Checking Account, with no monthly service charge offered only to individuals who open and maintain a Business Checking Account.
- No minimum balance
- Minimum Opening Deposit of $25.00
- $0.10 (ten cents) per check issued; $0.15 (fifteen cents) per physical item processed (deposits and checks deposited)
- Debit Card Available
- Checks Available
- An earnings credit on the average daily balance will be applied to reduce or eliminate charges.
Business Sweep Checking
Our Business Sweep Accounts are interest-bearing accounts that do not require a minimum opening balance. There is no transaction fee or monthly service charge. To be eligible for this account, you must have or open and maintain a Business Checking Account. Each night balances are swept between your Business Checking Account and this interest-bearing checking account. The automation keeps your Business Checking Account at a predetermined target balance set by you. Debit card and checks will not be issued for this account.
Business Super NOW Checking
Business Super NOW is an interest-bearing account. If the daily balance falls below $2,500.00, a monthly service charge of $15.00 will be assessed at statement date.
- Minimum Opening Deposit of $2,500.00
- Debit Card Available
- Checks Available
- For Non-Incorporated Businesses, Sole Proprietors, and Non-Profit Companies
Interest on Lawyer Checking Account (IOLA)
Interest on Lawyer Account (IOLA) Accounts are interest-bearing accounts and for Lawyer’s escrow money only. There is a service charge of $10.00 that will be deducted from the interest earned before remittance to New York State on a monthly basis.
- No minimum balance
- Minimum Opening Deposit of $25.00
- Checks available
Estate Checking
To avoid a $5.00 monthly service charge, you must maintain an average balance of $500.00 or more.
- Minimum Opening Deposit of $25.00
- Checks available
- Opened by the executor or executrix by court order for the benefit of a deceased person’s estate.
Non-Profit Checking
Our Non-Profit Checking Accounts are for but not limited to religious groups, Girl/Boy Scouts, libraries, and various non-profit organizations. There is no minimum balance, service charge, or per check charge.
- Minimum opening deposit of $25.00
- Debit Card available
- Checks available
Available Business Services
PremierACH
Electronic deposits and withdrawals for business customers
PremierAch is a program within Business banking that provides businesses with the capacity to set up, perform and track ACH transactions all from the convenience of the office. NACHA formatted files can be generated and maintained using this ACH program. All files generated and maintained are formatted to be transferred to Jeff Bank in order to generate and process as an ACH file.
Merchant Capture
Remote check deposits for business customers
Merchant Capture utilizes a desktop scanner that connects to your PC and the Internet. With it, you can scan checks received from customers and deposit them electronically to your Jeff Bank account anytime day or night. It’s the fastest way to turn check deposits into cash. Enjoy the convenience of making deposits electronically 24 hours a day, 7 days a week, even on weekends and holidays.
Merchant Credit Card Acceptance
Does your business accept credit and/or debit cards as payment? Are you interested in offering this service to your customers?
Jeff Bank can help you do this.
We offer quick set up, competitive rates, and friendly service.
To obtain more information or to get started, contact any one of our branches.
Contact Us for PremierACH and Merchant Capture
(845) 482-4000.