Business Deposit Options | Business Loan Options | Health Savings Account
Pennstar Bank offers checking accounts for businesses of all sizes, including options for small businesses that are user-friendly and don’t involve complicated charges or credits. Your business demands a lot of your time and energy to manage it effectively. You need banking options that are both flexible and convenient. Your Pennstar Bank banker is also committed to providing you with the highest level of service.
Business Deposit Options
Pennstar Bank offers a full range of business deposit products to complement our loan services.
Business Checking
Business Checking is better at Pennstar. And, for the first year it's FREE*. During the year our team of professionals will monitor your account and make recommenmdations to save you time and money. And, we'll give you your first order of checks for FREE** and the first year's Online Banking Service is on us*. It's all about developing a customized business relationship that works for you.
*Limited Time Offer. Normal maintenance and activity fees will be waived for the first year. Other fees may apply.
**First introductory pack FREE or a $65.00 credit may be applied towards any other check style.
Analysis Checking
Put your money to work with Analysis Checking. This account features a variable earnings credit based on
short-term money market rates. The credit you earn will be used to offset and even eliminate your monthly
maintenance and activity fees. Activity fees associated with this account are as follows:
- Deposit Tickets $ 0.25 each
- Checks Deposited $ 0.15 each
- Checks Written $ 0.15 each
- Monthly Maintenance Fee $ 8.00
Star Business Advantage Checking
This account is ideal for the small business owner.
Plan I - Maintain a low daily current balance of $1,500, process up to 150 paper items during each statement
cycle and pay no monthly maintenance fee.
Plan II - Maintain an average daily collected balance of $5,000 , process up to 350 paper items during each
statement cycle and pay no monthly maintenance fee.
Business Value Checking
This account is designed to fit the needs of our small business customers. Pay one low monthly fee and be able
to deposit a limited number of checks and deposit tickets as well as write a limited number of checks during each statement cycle.
Business Value Plus Checking
Sole proprietors, non-profit organizations and government units will value the opportunity this account provides to earn interest on the funds in their general operating account in one of three tiers. Unlimited check writing is another popular feature of Business Value Plus.
Business Money Market
Earn interest at competitive rates while enjoying the convenience of limited check writing with this account. This account compounds & pays interest monthly.
Community Service Checking
At Pennstar Bank, we understand that scout troops, youth groups and other community organizations need to keep banking expenses to a minimum. This account features a nominal monthly maintenance fee that is waived when maintaining a low average daily collected balance.
IOLTA
Our Interest on Lawyers Trust Account (IOLTA) pays interest on funds in escrow. No minimum balance requirement
and unlimited check writing make this account a must for attorneys. Interest earned on the account is automatically transferred to the Lawyers Trust Board on a quarterly basis.
Star Checking at Work
Offer this program as a benefit to your employees, and their pay will be automatically deposited into their Pennstar Bank Star Checking account, saving everyone time and money! There's no minimum balance requirement and no monthly maintenance fee. Your employees will also appreciate a free initial order of checks and other benefits offered with this account.
Business Savings Options
Statement Savings
Earn interest on daily collected balances in one of the following tiers:
-
$50 - $999.99
-
$1,000 and over
Receive quarterly interest payments and pay no monthly maintenance fee with an average daily collected balance
of $200 or more.
Certificates of Deposit
Save on your terms and enjoy competitive rates with a Pennstar Bank Certificate of Deposit (CD). Interest is compounded monthly and you select the payment frequency and method. All CDs require a minimum deposit
of $1,000 and automatically renew at maturity. Special rates are available for Jumbo CDs of $100,000 or more.
SEP Plans
Attract and retain good employees by offering retirement benefits with a SEP (Simplified Employee Pension) Plan. Contribute up to 15% of your employees' income or $30,000, whichever is less.
Convenient Business Services
Pennstar Online Banker for Business
Pennstar Online Banker for Business is a web-based service that allows you to connect with your Pennstar Bank accounts – deposits and loans – 24 hours a day, 7 days a week. You can tailor this service to the specific needs
of your business. New business account holders can enjoy this service FREE* for the first year.
*Limited Time Offer. Normal maintenance and activity fees will be waived for the first year. Other fees may apply.
Pennstar Bank Cash & Check Card for Business
This card features the VISA logo and can be used to make purchases from your checking account wherever VISA is accepted and eliminates the need to write a check for a purchase or run to the bank for cash. Your transactions will be automatically deducted from your account and itemized on your monthly account statement.
Visa® and MasterCard® Business Credit Cards
These business credit cards are available to businesses to assist you with the purchase of inventory and work-related items, business lunches and dinners, and more. Monthly statements help you to monitor your expenses and allow for easy reconciliation of transactions and payments.
Mechant Services
Our merchant services provide you with a secure, cost-effective payment processing solution that will enable you to handle your customers’ credit and debit card purchases with ease.
Night Depository Services
Night Depository Services are FREE and available to enable you to make deposits conveniently after banking hours. Deposits are kept safe overnight and can automatically be deposited into your account on the next business day
if requested.
For complete details about how our deposit, loan and convenience options can meet the needs of your small business, contact your Pennstar Bank banker today.
Equal Housing Lender | Copyright 2008 © NBT Bancorp All Right Reserved