Business Accounts
This type of account helps businesses separate personal and company finances.
What is business operating checking account?
Loan used to smooth cash flow while waiting for customer payments.
Service allowing customers to pay businesses electronically.
What is ACH receivables or online bill pay?
Financial gifts supporting local charities and nonprofits.
A banker assigned as a single point of contact.
What is relationship manager or banking partner?
Used when more than one person must approve financial activity.
What is dual-control or multi-authorization?
Financing for machinery, vehicles, or equipment.
What is equipment loan?
Tool used to prevent fraudulent checks from clearing.
Events connecting banks with community members.
Direct communication instead of a call center.
What is banker's direct phone or email?
IRS form needed to open most business accounts.
What is EIN letter?
Government-backed loans that reduce lender risk.
What is SBA loans?
Service allowing checks to be scanned and deposited from the office.
What is remote deposit capture?
Account that earns interest while keeping funds liquid.
What is business savings or money market account?
What is commercial real estate loan?
Fast method used for payroll and recurring payments.
What is ACH direct deposit?
Collaboration with schools, nonprofits, or civic groups.
What is tailor-made or customized service?
Document listing who is authorized to transact for the company.
What is corporate resolution or operating agreement?
What is cashflow forecast?
Automated transfer of excess funds into interest bearing accounts.
What is sweep account?
Lending programs supporting underserved areas.
What is community development loans?
What is business site visits?