Business Accounts

At Norwood Bank, we have been a part of our community’s growth and expansion for over a century, so we know the kinds of financial services our local business owners need and want.

Which Account is right for you?

Business Checking Accounts

Essential Business Checking

Business Advantage Checking

Beyond Business Checking

Which account is best for you?

Designed for accounts with low transaction volume.

Designed for accounts that maintain a deposit relationship and have average transaction volume

Analyzed checking designed for accounts with high transaction volumes.

Monthly Maintenance Fee

none

$20.00

$18.00

Free combined transactions

200

500

Per deposit*

.50 > 200 transactions

.50 > 500 transactions

$0.75

Per check paid*

.50 > 200 transactions

.50 > 500 transactions

$0.20

Per ACH Debit*

.50 > 200 transactions

.50 > 500 transactions

$0.20

Per item deposited*

.50 > 200 transactions

.50 > 500 transactions

$0.15

Annual credit back

0.30%

* combined transaction

Ways to avoid the monthly fee

na

Maintain $10,000 minimum daily account balance or $25,000 in average deposit balances

Analyzed

Cash Management Services

Business Online

X

X

X

Business Bill Pay

X

X

X

Mobile Business Deposit

X

X

X

Wire Manager- FREE for qualified accounts

X

X

X

Remote Deposit Capture**

X

X

X

ACH Manager **

X

X

X

Available Business Services

Estatements

X

X

X

Online and Mobile alerts

X

X

X

Apple Pay-Google Pay

X

X

X

Debit Card

X

X

X

Night Drop

X

X

X

Free personal checking for owners

X

X

X

Safe Deposit Box **

X

X

X

Check Collection **

X

X

X

Merchant Processing **

X

X

X

Deluxe Checks **

X

X

X

Business Credit Card Services **

X

X

X

Foreign Currency- Travelex **

X

X

X

Notary/ Medallion Service

X

X

X

**Fee may apply

  • Essential Business Checking

    Designed for accounts with low transaction volume.

    • No Monthly Maintenance Fee
    • 200 Free combined transactions
    • .50 > 200 transactions per deposit*
    • .50 > 200 transactions per check paid*
    • .50 > 200 transactions per ACH Debit*
    • .50 > 200 transactions per item deposited*

    * combined transaction

    Cash Management Services

    • Business Online
    • Business Bill Pay
    • Mobile Business Deposit
    • Wire Manager- FREE for qualified accounts
    • Remote Deposit Capture**
    • ACH Manager **

    Available Business Services

    • Estatements
    • Online and Mobile alerts
    • Apple Pay-Google Pay
    • Debit Card
    • Night Drop
    • Free personal checking for owners
    • Safe Deposit Box **
    • Check Collection **
    • Merchant Processing **
    • Deluxe Checks **
    • Business Credit Card Services **
    • Foreign Currency- Travelex **
    • Notary/ Medallion Service

    **Fee may apply

  • Business Advantage Checking

    Designed for accounts that maintain a deposit relationship and have average transaction volume.

    • $20 Monthly Maintenance Fee
    • 500 Free combined transactions
    • .50 > 500 transactions per deposit*
    • .50 > 500 transactions per check paid*
    • .50 > 500 transactions per ACH Debit*
    • .50 > 500 transactions per item deposited*

    * combined transaction

    Maintain $10,000 minimum daily account balance or $25,000 in average deposit balances to avoid the monthly fee.

    Cash Management Services

    • Business Online
    • Business Bill Pay
    • Mobile Business Deposit
    • Wire Manager- FREE for qualified accounts
    • Remote Deposit Capture**
    • ACH Manager **

    Available Business Services

    • Estatements
    • Online and Mobile alerts
    • Apple Pay-Google Pay
    • Debit Card
    • Night Drop
    • Free personal checking for owners
    • Safe Deposit Box **
    • Check Collection **
    • Merchant Processing **
    • Deluxe Checks **
    • Business Credit Card Services **
    • Foreign Currency- Travelex **
    • Notary/ Medallion Service

    **Fee may apply

  • Beyond Business Checking

    Analyzed checking designed for accounts with high transaction volumes.

    • $18 Monthly Maintenance Fee
    • $.75 per deposit*
    • $.20 per check paid*
    • $.20 per ACH Debit*
    • $.15 per item deposited*
    • 30% annual credit back

    * combined transaction

    Ways to avoid the monthly fee: Analyzed

    Cash Management Services

    • Business Online
    • Business Bill Pay
    • Mobile Business Deposit
    • Wire Manager- FREE for qualified accounts
    • Remote Deposit Capture**
    • ACH Manager **

    Available Business Services

    • Estatements
    • Online and Mobile alerts
    • Apple Pay-Google Pay
    • Debit Card
    • Night Drop
    • Free personal checking for owners
    • Safe Deposit Box **
    • Check Collection **
    • Merchant Processing **
    • Deluxe Checks **
    • Business Credit Card Services **
    • Foreign Currency- Travelex **
    • Notary/ Medallion Service

    **Fee may apply

UNLAWFUL INTERNET GAMBLING TRANSACTION PROHIBITED

The Unlawful Internet Gambling Enforcement Act of 2006 (the “UIGEA”) prohibits businesses from knowingly accepting payments in connection with the participation of another person in unlawful Internet gambling (termed “restricted transactions” in the Act). You may not use your Account or any other service we offer to process restricted transactions. Norwood Bank will block any transaction that we believe is restricted and take any other action we deem reasonable under the UIGEA.