|
Accounts and
Services
With Hopewell Valley Community Bank, business banking is anything but business as usual. Discover the products and services that are right for your business, big or small. From lines of credit to savings solutions, we can help you succeed. And with our check imaging technology, copies of your cancelled checks are returned, sorted and printed in numerical order. Your check images and statements are printed on three-hole punched paper, ready for safekeeping in a free Hopewell Valley Community Bank binder. You’ll save time with your bookkeeping, organizing your financial records, tax preparations, etc.
For a business to be successful, every piece of it should reach its optimum performance level every day. That’s why we at Hopewell Valley Community Bank, offer a network of cash management tools that help your company’s money work harder, work smarter, and earn more interest.
 Liberty
Business Checking
FREE
Business Checking
Business
Statement Savings
Business
Certificates of Deposit
Money
Market Checking
Escrow
Management / IOLTA Accounts
LIBERTY
Business Checking
There can be no liberty that isn’t earned, and you have earned the liberty to bank anywhere, anytime…to manage your cash flow 24 hours a day, seven days a week…to increase your earning power and take control of your finances…freedom from hassles. That’s what you get with our new Liberty Business Checking account, a comprehensive package of features that makes handling your business’s everyday banking needs easier than ever. This account rewards you with:
- FREE Internet Banking and
CheckFree Bill Payment through HVCB Online
- Unlimited FREE checkwriting privileges
- Unlimited FREE deposits
- Low $1,000 minimum daily balance requirement to waive the minimum balance fee of $15/month.
- Free and easy transferring between accounts using your ATM or VISA Check Card or HVCB
Online1
- Worldwide access to ATM’s
- Unlimited FREE Hopewell Valley Community Bank ATM transactions1
- Initial opening deposit of $100
- Free night depository service at all of our branch locations
- Discounted payroll services through our alliance with ADP
1The
first ATM Card or VISA Check Card is free, thereafter, $20 per card.
We recommend signing up for a Business Savings Account or a Business Money Market Account when you talk to your banker about opening a checking account.
(back
to top)
FREE Business Checking
Take advantage of the unlimited benefits of this checking account that makes the most of your money, no strings attached.
- NO minimum balance
- NO monthly service charge
- NO transaction charges
- Unlimited checkwriting privileges
- ATM Card or VISA Check Card1
- Access your account anytime, anywhere using your Business Banking Card or HVCB Online, or by visiting one of our branch locations
- FREE Night depository service at all of our branch locations
- Unlimited FREE ATM Card or VISA Check Card usage
- Unlimited FREE Hopewell Valley Community Bank ATM transactions
- Worldwide access to ATM’s
- Low initial opening deposit of $10
1The first ATM Card or VISA Check Card is free, thereafter, $20 per card.
We recommend signing up for a Business Savings Account or a Business Money Market Account when you talk to your banker about opening a checking account.
(back
to top)
Business Statement Savings
Earn interest at one of the highest savings rates in the area while you keep your excess funds ready for immediate access. Gives you liquidity and interest even on small amounts of excess cash.
- Low $100 Minimum Balance to earn interest
- Low initial opening deposit of $10
- Interest earned is compounded daily, credited monthly.
- Free and easy transferring between accounts to manage bills and payroll using your Business Banking Card or HVCB Online1
- Activity Summary shown on your monthly statement
(back to top)
Business Certificates of
Deposit
From time to time, your business may have the need to invest funds for longer term loans. Certificates of deposit are federally insured by the FDIC up to $100,000.
- Higher yielding investments at a guaranteed interest rate
- Flexible terms: 30 days to three years
- Minimum as low as $500 to open an account
- Interest is earned on the full account balance and is compounded daily and credited monthly
- Credited interest may be automatically transferred to another account at Hopewell Valley Community Bank without a
penalty1
- Interest on CD’s with terms of one year or less can be tax deferred provided the maturity date is in the following year
- Additional deposits can be made at any time prior to maturity
1CD’s require a substantial penalty for early withdrawal
(back to top)
Money Market
Checking
A highly competitive option for your short term investment needs, and you can maximize your cash position with potentially higher rates with our multiple interest tiers…the more you keep on deposit, the higher your interest rate.
- Unlimited transfers between accounts at any branch
- Free and easy transferring between accounts to manage bills and payroll using your Business Banking Card or HVCB
Online1
- Check writing privileges (maximum 3 per
month)2
- Low $500 minimum balance
- Interest is earned on the full account balance, and is compounded daily, credited monthly
1No fee charged for non-Hopewell Valley Community Bank ATM transactions. Other ATM owners may charge a fee.
2Money Market Checking accounts allow a maximum of three checks per calendar month and six automatic transfers (including HVCB Online transfers) per calendar month, by federal law. $7 per month service charge if daily balance falls below $500.
(back to top)
ESCROW MANAGEMENT/IOLTA ACCOUNTS
Hopewell Valley Community Bank knows how cumbersome escrow accounts can be for busy real estate agents, attorneys, landlords or any professional. That's why we want you to know about our complete Escrow Management Services.
Let us do the work involved with countless sub-account openings and closings, trips to the bank for deposits and withdrawals, and labor intensive 1099 reporting. Escrow accounts may be designated as interest bearing, payable to your client or to the IOLTA (Interest on Lawyer Trust Accounts) fund. This State fund has been established to cover legal expenses for the underprivileged.
To get started, we will open a master account that incorporates an unlimited number of sub-accounts; one for each of your clients. We will then provide you with a supply of special deposit tickets. When you make deposits for each new client, simply complete the client information on an W-9 form and we will establish the sub-account for you. You can either visit any of our branch locations or bank by mail. When you need to disburse a client's funds, just call your local branch office and we will transfer the client's balance to your disbursement checking account. Each month you'll receive a comprehensive monthly statement listing the transactions for your master account as well as each sub-account. Interest earnings, deposits, disbursements and balances will all be summarized. It’s that simple.
When it's time for 1099 reporting, we do it all! Each sub-account holder receives a separate 1099 with all the interest distribution information. And, your clients may receive interest from the day of deposit up to the day of withdrawal. And to protect your fiduciary interests, each sub-account is insured by the FDIC up to $100,000.
Just stop by your local Hopewell Valley Community Bank branch to speak with the Branch Manager or call us at
(609) 466-2900. We are confident that our Escrow Management Service will make your business run smoother and give you more time to provide better service to your clients. Take advantage of this great time-saving service today!
(back to top)
|
 |
 |
