Our Saddle River Valley Bank Business Elite Checking account features no monthly fees and no per-item charges and a Visa check/debit card. Merchant services, online banking and remote deposit capture are available.
Features
Business Elite Checking
Opening Deposit
$1.00
Interest Bearing
No
ATM Access
Yes
Check Writing
Unlimited
Branch Transactions
Free and Unlimited
SRVB Online Banking with Billpay
Yes
FDIC Insured
Yes, up to the legal limit
Maintenance Fees
No Monthly Maintenance Fees
Business Elite Money Market
Earn interest and have ready access to your funds with our Business Elite Money Market account. Enjoy up to six transfers or withdrawals per statement cycle, three of which can be by check, draft, ATM card or similar draft to a third party.
Features
Business Elite Money Market
Opening Deposit
$1.00
Interest Bearing
Yes
Refer to Current Rates section for interest rate and
Annual Percetage Yield.
ATM Access
Yes
Transactions
Six transactions per statement cycle, three of which can be by check, draft, ATM card or similar draft to a third party.
SRVB Online Banking with Billpay
Yes
FDIC Insured
Yes, up to the legal limit
Maintenance Fees
If the average daily balance for the statement cycle falls below $1000 a $12 fee will be charged.
Additional Fee
A $15 per item transaction charge will be assessed if you exceed the transaction limits.
Business Step-Above Savings
Business Step-Above Savings account offers high-rate interest step-ups based upon average daily balances.
Features
Business Step Above Savings
Opening Deposit
$1.00
Interest Bearing
Yes
Refer to Current Rates section for interest rate and
Annual Percetage Yield.
ATM Access
Yes
Transactions
Six transactions per statement cycle
SRVB Online Banking with Billpay
Yes
FDIC Insured
Yes, up to the legal limit
Fees
If average daily balance for the monthly statement cycle falls below $5000 a $12 fee will be charged.
Additional Fee
A $15 per item transaction charge will be assessed if you exceed the transaction limits.
Escrow and Tenant Security Accounts
Our Escrow and Tenant Security accounts will give attorneys, realtors, title companies, municipalities, and landlords the ability to manage funds under a master account with multiple interest-bearing sub-accounts. These accounts will include annual interest and 1099 processing, and quarterly or monthly statements for all sub-accounts.Refer to the Current Rates section for interest rate and Annual Percentage Yield.
Merchant Account Services
Our credit and debit card processing systems will let you accept all major credit cards at point-of-sale with prompt authorizations, access to check verification and check guarantee services, and quick settlement of transactions to your Business Elite Checking Account. Saddle River Merchant Services is compatible with the following Credit Card Processing Networks: PsBill, Patriot Bankcard, Merchant Accounts LLC.
Features
Merchant Services
Cards Accepted
All major credit cards
Other Features
Access to:
Check Verification
Check Guarantee Services
Quick Settlement to your Business Elite Checking Account.
Monthly Fees
Contact the branch for detailed information on fees.
24-Hour ATM Banking/ATM Cards/Visa® Check Cards
Simply use your ATM card or Visa® Check/Debit card at our conveniently located 24-hour ATM to make deposits, access cash or transfer funds between Saddle River Valley Bank accounts. In addition, you will have surcharge free access to thousands of ATMs that are part of the MoneyPass nationwide ATM network. Your Visa® Check/Debit card can be used to pay for your purchases at any participating Visa® merchant. Funds to pay for these purchases will be automatically deducted from your checking account here at Saddle River Valley Bank.
Features
ATM Cards/ Visa® Check Cards
Access
24 Hours a day, 7 Days a week
ATM Fee
Our ATM’s are free and you will have surcharge free access to thousands of ATMs nationwide that are part of the MoneyPass ATM Network. Additional fees may be assessed by non-participating financial institutions. These fees will be added to the transaction amount and deducted from your acount.
Transactions
You can make deposits, access cash or transfer funds between Saddle River Valley Bank accounts. Fees may be assessed for accounts subject to transaction limitations.
Visa Check Card
Your Visa® Check/Debit card can be used to pay for your purchases at any participating Visa® merchant. Funds to pay for these purchases will be automatically deducted from your checking account here at Saddle River Valley Bank.
Commercial Loans
The lending staff at Saddle River Valley Bank is a highly-qualified team that has been assembled to react professionally and promptly to your commercial borrowing requests. Decisions will be made locally, and you will have ready access to the bank’s decision makers. We offer the standard array of commercial loan products such as:
Commercial Real Estate Mortgage Loans
Construction Mortgage Loans
Land Acquisition/Development Loans
Working Capital Lines of Credit
Revolving Lines of Credit
Small Business Lines of Credit
Term Loans
Seasonal Loans
Letters of Credit
We will also take the initiative to understand your business thoroughly and develop a credit facility that best fits your needs.
