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| ... something for every business. |
... a special service for Association Management Firms. |
... from Online Cash Management to Check Imaging ... and more! |
Deposit Services for Businesses
SMALL BUSINESS CHECKING
Designed for businesses that have no more than 100 checks, deposits or items deposited per month, Small Business Checking requires only a minimum daily balance of $2,500 to avoid regular monthly service charges. If the minimum balance requirement is not met, the regular monthly service fee on this account is $10. The per-item charge for more than 100 items is $.35 each. Open this account with only $100.
COMMERCIAL ANALYSIS
As businesses grow, have larger balances and an increased number of checking account transactions, their financial needs change. Many businesses find that Commercial Analysis Checking meets their needs. An earnings credit is applied to the balance in the account, and if the credit is large enough, it will offset charges that may occur on the account. If not, the difference is charged to the account. The regular monthly service fee for Commercial Analysis accounts is $14. See a North State Bank service representative for information on other service fees that may be assessed.
COMMERCIAL ANALYSIS - SWEEP
Businesses may want to explore adding the sweep feature to their Commercial Analysis account. This feature allows businesses to earn interest on their excess cash balances. Check with a North State Banker to see if this option will work for you.
BUSINESS INTEREST CHECKING
Sole proprietorships and eligible nonprofit organizations may be able to take advantage of Business Interest Checking. For a low monthly service fee of $12, you or your organization will be able to earn interest on your checking funds. There is no minimum balance requirement, and personal interest checking account rates apply to this account. See a North State Bank service representative for information on other service fees that may be assessed. This account can be opened with only $100.
COMMERCIAL MONEY MARKET
Your business will earn a competitive interest rate on its money market funds at North State Bank. On balances of $1,000 and over, interest is paid based on tiered balances, the more you save - the more you earn. By law, the number and type of transactions on money market accounts are limited. Open this account with $1,000. Maintain a $1,000 minimum balance and there is no regular monthly service fee on this account. If your balance drops below $1,000, a service fee of $6 will be assessed.
COMMUNITY CHECKING
Not-for-profit organizations, whether large or small, sometimes have special needs with regards to their financial accounts. In particular, they may need a low minimum balance requirement, no-fee account to keep costs to a minimum. Because of our interest in helping these organizations, North State Bank created the Community Checking Account. Open this account with only $100 and maintain a minimum daily balance of only $500 and you will not be assessed a regular monthly service charge. If you drop below the minimum, the fee is $10, and the per-item charge for items over 100 per statement cycle is $.35.
IOLTA - INTEREST ON LAWYERS' TRUST ACCOUNT CHECKING
We are pleased to assist attorneys in participating in the IOLTA program set up by the North Carolina State Bar. This program invests clients' commingled long or short-term funds in an interest-bearing checking account. North State Bank forwards interest earned on this account, less service charges, to the North Carolina State Bar for use in public interest projects, such as legal services for the needy. This account is for lawyers and law firms only. Interest Checking rates apply. The regular monthly service fee is $10.
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Payment Processing
A special program for Community Management Associations
If you manage a large number of payments, such as homeowner's association dues, our Payment Processing Service may be just what you need to make your job easier.
Payment Processing from North State Bank features:
- Payment posting file sent daily
- Same-day processing for payments received
- Faster and less paper-intensive payment collections, with payments converted to e-checks
- Improved efficiency of the collection and payment process
- Reduction in risk due to improved return
- Preauthorized drafting of accounts
- Password-secured access
- Backup of all information
If Automated Payment Processing sounds like just what you need, give a North State Banker a call today.
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Deposit-Related Services
ONLINE CASH MANAGEMENT
If you are interested in the most up-to-date way to manage your business accounts, click here for Online Cash Management.
CHECK IMAGING
We've made balancing your statement and recordkeeping on your account easier than ever - with Check Imaging for North State Bank. Each month you'll receive pages with images of your canceled checks in check number order. You'll be able to put these already three-hole-punched statements into a three-ring binder for easy access. It's a picture perfect way to keep your financial records in order.
E-STATEMENTS
Receive your bank account statements online. The statement looks exactly like the printed version sent by mail, but you can view it online, print it for your files, save it to your computer, or email it. Sign up online through NetBanker.
VOICE RESPONSE 24 - TOLL-FREE AT 1-877-357-2265
With Voice Response 24, banking is easier than ever for you and your company. Just call our automated telephone response system and access your deposit accounts to check balances, transfer funds between accounts, and verify deposits and checks paid on your account. It's toll-free and available almost anytime, day or night.
DEPOSITSCAN
Make deposits right from your office with DepositScan. Receive a check scanner* to create an image of the check, upload the image to the secure bank website, and your funds will be deposited to your account. All you need is a North State Bank business checking account, a computer with high-speed Internet access, and a check scanner.* To set up DepositScan in your office, call or stop by one of our offices today.
*Please see your North State banker for information regarding obtaining a check scanner.
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