Business

 

There are plenty of banks that offer business banking services. Yet, there is just one that goes the extra mile to know you, your business, and your customers. There is just one that provides a wide range of business banking services to small and mid-sized businesses. 1st ADVANTAGE Bank is the one. We give you the most valuable asset you can get from a bank: our undivided attention!


Business Banking Login

Login to Business Banking

Checking Accounts

ADVANTAGE Business Checking

  • No minimum to open
  • No interest
  • Account holder is entitled to open an ADVANTAGE CD (.25% Rate Bump Up on new CDs and existing CDs at renewal)
  • Account holder is entitled to open an ADVANTAGE Business Money Market Account
  • Monthly service charge is based on Account Analysis
  • Free courier service (1 pick-up per week) if a monthly average collected balance of $20,000 is maintained
  • If monthly average collected balance falls below $20,000, a $75.00 monthly courier service fee will be included in Account Analysis
  • If customer needs more than on pick-up per week, the courier service’s actual charge for the additional pick-up will be included in Account Analysis
  • No monthly account maintenance fee in Account Analysis if monthly average collected balance of $20,000 is maintained
  • If monthly average balance falls below $20,000, a $15.00 monthly account maintenance fee will be included in Account Analysis
  • If account is closed, then ADVANTAGE CD loses its margin of .25%
  • If account is closed, then ADVANTAGE Business Money Market Account must be changed to Business Money Market Account
  • Images included with monthly statement
  • Sweep Repurchase Agreement Option available (upon approval)
  • Remote Deposit System available (upon approval)
View Current Rates

Small Business Checking

  • No minimum balance to maintain
  • 50 FREE debits per month; $.50 per debit transaction over 50
  • 50 FREE credits per month; $.50 per credit transaction over 50
  • 50 FREE deposited items per month; $.25 per deposited item over 50
  • Minimum balance to open $100.00
View Current Rates

Business Checking

  • No minimum to open
  • No interest
  • Account service charge is based on account analysis
  • Images included with monthly account statement
  • Sweep Repurchase Agreement Option available (upon approval)
  • Remote Deposit System available (upon approval)
View Current Rates

Money Market Accounts

ADVANTAGE Business Money Market Account

  • $1,000.00 minimum to open
  • No monthly service charge
  • The account will be charged $5.00 per check in excess of three (3) per statement cycle
  • Offer Free Deluxe money market check (40 per pack) and all re-orders are Free
  • Interest rate for each tier is higher than the Business Money Market Account
  • If account is closed, then accrued interest is not paid
  • Images included with monthly account statement
  • Interest is calculated using the daily collected balance method, and interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks)
  • If the collected balance falls below $1,000 on any day, interest is not earned for that day
  • The account must maintain a specific collected balance in order to obtain the APY offered for each of the following interest rate tiers. On any day the balance qualifies for a respective tier, interest will be earned at the respective APY on the entire collected balance for that day:
    • $1,000.00 to $9,999.99
    • $10,000.00 to $24,999.99
    • $25,000.00 to $49,999.99
    • $50,000.00 to $99,999.99
    • $100,000.00 to $249,999.99
    • $250,000.00 and up
  • Interest is compounded monthly and added to the balance of the account on the last day of the statement cycle (monthly)
  • The interest rate on this account may change at any time after the account is opened
  • By law, this account is allowed only six (6) pre-authorized transfers or withdrawals per month, and only three (3) may be payments by check to third parties
View Current Rates

Business Money Market Account

  • 1,000.00 minimum to open
  • If the average daily ledger balance for the statement cycle falls below $1,000.00, the service charge will be $10.00 per statement cycle
  • The account will be charged an Excess Debit Fee of $1.00 for each debit transaction in excess of six (6) per statement cycle
  • By law, this account is allowed only six (6) pre-authorized transfers or withdrawals per month, and only three (3) may be payments by check to third parties
  • Images included with monthly account statement
  • Interest is calculated using the daily collected balance method, and interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks)
  • If the collected balance falls below $1,000 on any day, interest is not earned for that day
  • The account must maintain a specific collected balance in order to obtain the APY offered for each of the following interest rate tiers. On any day the balance qualifies for a respective tier, interest will be earned at the respective APY on the entire collected balance for that day:
    • $1,000.00 to $24,999.99
    • $25,000.00 to $49,999.99
    • $50,000.00 to $99,999.99
    • $100,000.00 to $249,999.99
    • $250,000.00 and up
  • Interest is compounded monthly and added to the balance of the account on the last day of the statement cycle (monthly)
  • The interest rate on this account may change at any time after the account is opened
View Current Rates

Certificates of Deposit (CDs)

ADVANTAGE Certificates of Deposit (CDs)

  • If customer has opened an ADVANTAGE Checking Account, CD interest rate is Bumped Up ¼ of a point (.25%)
  • If customer has opened an ADVANTAGE Business Checking Account, CD interest rate is Bumped Up ¼ of a point (.25%)
  • A margin code (01) will be added to CD on system (to add .25% to effective interest rate)
  • If ADVANTAGE Checking account is closed, the margin code will be removed from CD
  • If ADVANTAGE Business Checking account is closed, the margin code will be removed from CD
View Current Rates

Certificates of Deposit (CDs)

  • $500.00 minimum to open
  • Terms ranging from 3 months to 5 years
  • Interest is compounded and credited quarterly (standard)
  • If CD is $10,000 or more, a monthly check may be issued (if customer requests)
  • Early withdrawal penalties will reduce earnings
  • A penalty of 1 month’s interest may be imposed for CDs with terms of 6 months or less
  • A penalty of 6 months’ interest may be imposed for CDs with terms over 6 months
  • CDs are automatically renewable, but there is a 10-day grace period from the maturity date to withdraw the funds without penalty
View Current Rates

Cash Management

1st ADVANTAGE Bank provides your business with a full range of tools to maintain better control over cash flow and help streamline your day-to-day cash management needs. We help business owners focus on building their bottom lines instead of worrying about their banking and payroll details.

  • Sweep Repurchase Agreement
  • MMDA Sweep Agreement
  • Loan Sweep
  • Zero-Balance Account
  • Courier Service
  • Business Banking
  • eStatements
  • Business Debit Card
  • Remote Deposit
    • Service which allows a user to screen checks and transmit the scanned images to the bank for posting and clearing.