Business Free Checking, Business Checking With Interest, Business Money Market / MutualBank

Business & Personal Checking Accounts – MutualBank

 

Business Deposits

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MutualBank provides a variety of deposit products for the small business owner. From our Business Free Checking to Business Checking with Interest, our checking account programs offer business owners a solution to fit their needs. We also offer a special Community Checking for non-profits and a competitive rate Money Market account. Browse below for more details on our business deposit options.

Business Basics Checking
Tired of paying fees on your business checking account? Business Free is designed to provide you with the ultimate value. This account offers month-end statements and simplified fees.

  • No minimum balance
  • First 150 deposited items and checks cleared are free

Business Checking
Does your business have a large volume of checking activity?

  • Business Checking offers no minimum balance requirements and an opportunity to reduce or offset fees through the earnings credit*
  • Business Checking also allows the opportunity to earn interest once the service fees are offset. 
  • Account can be linked to the Business Money Market or lines of credit allowing for overdraft protection

Business Checking with Interest
This account offers the opportunity to earn interest on their checking account.

  • $1,000 minimum balance requirement to earn interest
  • A monthly fee will be charged if the balance falls below $1,000
  • First 125 deposited items and the first 125 checks cleared are free. Each item after that will be charged $0.15 per item

Community Checking
Our Community Checking allows the not-for-profit organization, government or church/religious community access to their funds anytime with minimal fees and a competitive rate of interest.

  • $5,000 minimum balance requirement to avoid monthly service fee
  • A monthly fee will be charged if the balance falls below $5,000
  • First 500 combined deposited items and checks cleared are free

Business Money Market
Business Money Market is ideal for those interested in earning a good rate with accessibility to funds or a temporary place for investments. Interest is compounded monthly and is periodically determined by the bank.

  • If the balance drops below $2,500, there is a monthly fee.
  • Withdrawals or other transfers (from a Business Money Market account to another account or third parties by preauthorized, automatic, telephone or computer transfer) are limited to six per month with no more than three by check, draft or similar order to third parties.
  • Unlimited in-person transfers.

* Each month, an earnings credit will be computed based on the account's average collected balance less required reserves. Please ask about the current earnings credit rate.

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  • Brittany Swank Hired as Loan Counselor for MutualBank in Warsaw

    WARSAW, INDIANA – MutualBank welcomes Brittany Swank,...

    Wednesday, August 26, 2015

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Mutual Blog

Personal Social Media Account Security

For many of us, social media has become a part of our everyday lives and helps us conveniently keep tabs on the people and topics we care most about.

Recently however, there has been an increase of social media account take overs by cybercriminals. As stated in the media, one contributing factor in some of the social media account takeovers has been the use of weak passwords.


Tips for creating a stronger password:


  • Passwords should typically:
    • be at least 8 characters in length
    • contain at least 1 number
    • contain at least 1 special character (!@#$$%)
    • contain both upper and lower case characters.
  • Do not use your name, date of birth, maiden name, mother’s maiden name, address, or other easily guessable words for passwords. 
  • Another way to create a strong password is to use a series of words that do not relate to each other. For example, JumpingFastRelaxStop!#.

 


Social media additional security options:


Another way to help avoid social media account takeover is to use the additional security options available. Two-factor authentication adds an extra layer of security that drastically decreases your chances of account takeover. Two-factor authentication is essentially the using of two separate components to verify your identity, the combination of something you HAVE with something you KNOW. A good example of two-factor authentication you most likely are already used to is withdrawing cash from an ATM, for example. Having both your debit card AND knowing a pin number is required to complete the withdrawal and protect your identity.

A popular and convenient two-factor authentication method is using a combination of both an online password and a text message verification sent to your phone. Enabling this type of authentication typically follows this process:

  1. Enter your password into Facebook or another website
  2. Immediately receive a text on your phone with a temporary pass key
  3. Enter the passkey received back on the site/app and you’re logged in

This may seem like overkill, but enabling this two-factor authentication will drastically decrease the chances of your social accounts being hacked. And actually, the process of setting up and using this authentication is pretty simple and convenient.

 


How to enable two-factor authentication:


Many popular social networks like Facebook, Twitter, LinkedIN, and others already support two-factor authentication. To learn more about how to do so on the most popular sites on the web, be sure to check out this article:

http://socialcustomer.com/2014/04/how-to-enable-two-factor-authentication-on-50-top-websites-including-facebook-twitter-and-others.html

Wednesday, April 22, 2015

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Business Deposits

https://www.bankwithmutual.com/clientuploads/Banners/Testimonial8-JF.jpg

MutualBank provides a variety of deposit products for the small business owner. From our Business Free Checking to Business Checking with Interest, our checking account programs offer business owners a solution to fit their needs. We also offer a special Community Checking for non-profits and a competitive rate Money Market account. Browse below for more details on our business deposit options.

Business Basics Checking
Tired of paying fees on your business checking account? Business Free is designed to provide you with the ultimate value. This account offers month-end statements and simplified fees.

  • No minimum balance
  • First 150 deposited items and checks cleared are free

Business Checking
Does your business have a large volume of checking activity?

  • Business Checking offers no minimum balance requirements and an opportunity to reduce or offset fees through the earnings credit*
  • Business Checking also allows the opportunity to earn interest once the service fees are offset. 
  • Account can be linked to the Business Money Market or lines of credit allowing for overdraft protection

Business Checking with Interest
This account offers the opportunity to earn interest on their checking account.

  • $1,000 minimum balance requirement to earn interest
  • A monthly fee will be charged if the balance falls below $1,000
  • First 125 deposited items and the first 125 checks cleared are free. Each item after that will be charged $0.15 per item

Community Checking
Our Community Checking allows the not-for-profit organization, government or church/religious community access to their funds anytime with minimal fees and a competitive rate of interest.

  • $5,000 minimum balance requirement to avoid monthly service fee
  • A monthly fee will be charged if the balance falls below $5,000
  • First 500 combined deposited items and checks cleared are free

Business Money Market
Business Money Market is ideal for those interested in earning a good rate with accessibility to funds or a temporary place for investments. Interest is compounded monthly and is periodically determined by the bank.

  • If the balance drops below $2,500, there is a monthly fee.
  • Withdrawals or other transfers (from a Business Money Market account to another account or third parties by preauthorized, automatic, telephone or computer transfer) are limited to six per month with no more than three by check, draft or similar order to third parties.
  • Unlimited in-person transfers.

* Each month, an earnings credit will be computed based on the account's average collected balance less required reserves. Please ask about the current earnings credit rate.

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