Business Deposit Accounts

Want business checking that is customized to your individual needs?  New Windsor State Bank offers a variety of accounts to help you maximize your banking experience.  Our business deposit accounts include online banking services to enhance your business checking account with added transaction allowances and timesaving banking tools.

Online Banking

Business Cycle Checking Accounts

Business Cycle Accounts are designed for low to mid-level activity with service charges set to cycle at month end.

  • All deposited items drawn on NWSB will be processed at no charge
  • eStatements (includes electronic images of checks) are free through online banking access
  • Paper statements (with Check Safekeeping – check images are retained by the Bank and not included in customer’s paper statement) are available for a small monthly fee of $3.00
  • Statements will cycle at the end of each month
  • Customers have access to their money with our Mobile Banking App, Mobile Check Deposit, Online Banking, Bill Pay Solutions, Surcharge Free ATM Network, Phone Banking, ATM/Debit Card, Check Writing and by visiting any of our branch locations

Please refer to the banks current Fee Schedule for other charges that may apply to these accounts.

Community Checking

Available for non-profit organizations, unincorporated associations, trusts and estates our Community Checking account is an affordable checking solution.

  • $50 opening deposit
  • There is no minimum balance requirement
  • There is no monthly fee when customers sign up to receive eStatements (includes electronic images of checks) through their online banking access
  • This is not an interest bearing account.

 

Essential Business Checking

With a low minimum balance requirement our Essential Business Checking account is perfect for low volume business banking needs.

  • $50 opening deposit
  • Avoid a $7 monthly fee with an average collected monthly balance of $300 or $50,000 in combined deposit and/or outstanding loan balances (account ownerships MUST be the same business name and EIN as this lead account)
  • 150 free combined debits, credits and foreign deposited items per statement cycle, $0.20 for each item over 150
  • This is not an interest bearing account.

 

Value Business Checking

With a competitive minimum balance requirement and 500 free items per month our Value Business Checking account is perfect for most business entities.

  • $50 opening deposit
  • Avoid a $15 monthly fee with an average collected monthly balance of $1,000 or $150,000 in combined deposit and/or outstanding loan balances (account ownerships MUST be the same business name and EIN as this lead account)
  • 500 free combined debits, credits and foreign deposited items per statement cycle, $0.20 for each item over 500
  • This is not an interest bearing account.

 

Business Plus Checking

Designed exclusively for sole proprietors, municipalities and government entities our Business Plus Checking account offers a competitive interest rate.

  • $50 opening deposit
  • Avoid a $10 monthly fee with an average collected monthly balance of $500 or $75,000 in combined deposit and/or outstanding loan balances (account ownerships MUST be the same business name and EIN as this lead account)
  • 100 free combined debits, credits and foreign deposited items per statement cycle, $0.20 for each item over 100
  • This is an interest bearing account.

 

ZBA Business

A Zero Balance Account (ZBA) allows businesses to maximize funds by consolidating balances from several deposit accounts into a single account to prevent funds from sitting idle. Ideal for funding payroll from operating accounts.

  • $5 monthly fee
  • 250 free combined debits, credits and foreign deposited items per statement cycle, $0.20 for each item over 250
  • This is not an interest bearing account.

 

Sweep

Designed to automatically transfer balances that exceed a target balance set by the customer into a higher interest earning investment option at the close of each business day. Funds are moved out of the bank into an Overnight Investment Account.

  • $25,000 opening deposit
  • $100 monthly fee
  • A Repurchase Agreement must be completed. Funds are secured by pledged U.S. Securities from the bank. Funds are not FDIC insured.
  • This is an interest bearing account.

 

Business Analysis Checking Accounts

Account Analysis accounts are designed for businesses with high volume activity. An earnings credit is applied to account balances each month to help offset service charge fees.

  • All deposited items drawn on NWSB will be processed at no charge
  • eStatements (includes electronic images of checks) are free through online banking access
  • Paper statements (with Check Safekeeping – check images are retained by the Bank and not included in customer’s paper statement) are available for a small monthly fee of $3.00
  • Statements will cycle at the end of each month with the internal final analysis statement cycle on the 10th of each month
  • Customers have access to their money with our Mobile Banking App, Mobile Check Deposit, Online Banking, Bill Pay Solutions, Surcharge Free ATM Network, Phone Banking, ATM/Debit Card, Check Writing and by visiting any of our branch locations

Please refer to the banks current Fee Schedule for other charges that may apply to these accounts.

 

Corporate Analysis Checking

  • $50 opening deposit
  • $18 monthly fee may be reduced to $15 per month with an active NWSB Merchant Services account
  • $0.15 fee per credit or debit transaction
  • 100 free foreign deposited items per statement cycle, $0.15 for each item over 100

This is not an interest bearing account.

 

Remote Deposit Capture Checking

Provides businesses of all sizes with the ability to make check deposits at their office location and electronically deliver the check images and MICR information directly to the banks data center over a secure internet connection. Eliminates the need for deposit slips and trips to the bank. Saving time, money and increasing the security of transactions is as easy as installing a small desk top scanner at the customer’s place of business.

  • $50 opening deposit
  • $45 monthly fee may be reduced to $30 per month with an active NWSB Merchant Services account
  • $0.10 fee per debit and credit transaction
  • Items scanned using desk top scanner will be processed at no charge, foreign deposited items by any other deposit method will be charged at $0.10 for each item over 100 per statement cycle

This is not an interest bearing account.

 

Analysis ZBA

Zero Balance Account allows businesses to maximize funds by consolidating balances from several deposit accounts into a single account to prevent funds from sitting idle. Ideal for funding payroll from operating accounts.

  • $5 monthly fee
  • $0.15 fee per debit and credit transaction
  • 100 free foreign deposited items per statement cycle, $0.15 for each item over 100

This is not an interest bearing account.

 

Corporate Analysis Sweep

Designed to automatically transfer balances that exceed a target balance set by the customer into a higher interest earning investment option at the close of each business day. Funds are moved out of the bank into an Overnight Investment Account.

  • $25,000 opening deposit
  • $100 monthly fee
  • $0.15 fee per credit or debit transaction
  • 100 free foreign deposited items per statement cycle, $0.15 for each item over 100
  • A Repurchase Agreement must be completed. Funds are secured by pledged U.S. Securities from the bank. Funds are not FDIC insured.

This is an interest bearing account.

Please refer to NWSB’s current Fee Schedule  for specific details on all deposit accounts

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