Open Business Checking Accounts, Deposit, Cash Management

Full Service Banking

Open Business Checking Account

Through active participation with our clients, including their management, staff and professional consultants, we frame and package business banking deposit accounts and complementary services to meet customer needs of today and sometimes more importantly, of tomorrow.

Deposit Accounts

Business Free 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 250 deposited items and checks cleared are free
With Bill Pay, first 400 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*
Account can be linked to the Business Money Market or lines of credit allowing for overdraft protection

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

Business Checking with Interest

This account offers sole-proprietors and not-for-profit entities 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 combined deposited items and checks cleared are free
First 300 combined deposited items and checks cleared are free with Business Bill Pay

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.

Cash Management

Cash is 'king' in your business and we understand that. Sales and profits are important and you need cash to keep your operations running smoothly Ð from salaries and overhead to equipment needs and investing in and growing your company and everything in between. Cash management services will help ensure that your cash is flowing in the direction you need to keep your business running the way that you want it to. At MutualBank, we offer a complete line of cash management services designed to help you do just this.

Sweep Account

Have excess in your checking beyond your operating expenses? Maximize your funds and make the most of your money by sweeping the excess to an investment account automatically each day.

Internet Banking
Save time, improve your cash flow, and streamline your cash management procedures in a fully secure environment. Business internet banking allows you to initiate ACH origination for payroll and federal government tax payments, all at your fingertips. From this interface, retrieve check images, information reporting, make internal transfers, wire transfers and more. Also convenient, reporting from Internet Banking is compatible with a variety of payroll software applications. Enjoy the convenience of managing your cash through online business banking at bankwithmutual.com. Features include:

ACH
Check images
Information reporting
- Transaction activity
- Daily balances
- Historical reporting
Internal transfers
Wire transfers

Bill Pay

Eliminate the hassle and cumbersome checks. Quickly and conveniently pay your vendors online! Pay current, future and recurring bills from your MutualBank business checking account. Set up to receive free electronic bills. There is a one-time set up of accounts, no checks to write, stamps to purchase or trips to the post office.

Remote Deposit Capture

Remote Deposit capture is a simple and secure way to deposit to your business account, without ever leaving your office. Deposit business checks anytime, anywhere with this service.

Save time. Eliminate preparation and travel time for making deposits. Scan and transmit your deposit checks from the convenience of your office. Eliminate preparation and travel time for making deposits. Scan and transmit your deposit checks from the convenience of your office.
Save money. Potentially consolidate banking relationships since deposits can be made electronically. Potentially consolidate banking relationships since deposits can be made electronically.
Improve funds availability.
Experience greater accuracy. Balance deposits by comparing amounts for checks entered. . Balance deposits by comparing amounts for checks entered.
Access current information. Export check information to be imported into accounting software. Export check information to be imported into accounting software.
Retrieve secure, online reports.

Debit Cards
The business debit card is more than a checkbook and better than an ATM card. It is fast, easy and accepted anywhere Visa is accepted. Access your company funds or make deposits 24 hours a day, 7 days a week.

Merchant Services

Merchant Services allows you the ability to process credit cards and issue gift cards on behalf of your business. Broaden your payment collection ability by accepting Visa, Mastercard and Discover or your very own branded in-store gift card. Choosing the right payment partner can be critical to your bottom line. We'll partner with you to deliver the right Merchant Services solution for you. Accept all major credit cards for payment.

Online merchant application with same day approvals
Receive your deposits in as few as 48 hours
Wireless and high-speed processing solutions
Online Web reporting
Electronic check guarantee and conversion
Contactless payments
E-commerce solutions
Gift and loyalty cards
Petroleum solutions
POS systems
Award winning 24-hour customer service and technical support

Complementary Services

An experienced business banker will work with you to determine which amenities are best suited for your business needs. Following are a few that may meet your set of circumstances.

Mutual At Work

Looking for low or no-cost benefits to attract and retain employees? Our Mutual At Work program extends beyond traditional banking to offer solutions concerning many businesses today. Mutual At Work provides a value-added benefits package as well as increased awareness of your existing benefits. Your business qualifies to offer Mutual At Work based on your relationship with MutualBank. Once you agree to offer Mutual At Work, your employees will receive:

free checking
debit card
online banking
special offers

Health Savings Accounts
HSAs are tax-advantaged deposit accounts used for medical expenses and can provide significant tax benefits to eligible individuals. They may also provide benefits similar to many tax favored retirement plans. Participants must be enrolled in a High Deductible Health Care Plan (HDHP).

An HSA account is much like an Individual Retirement Account (IRA) except that both deposits and qualified withdrawals may be tax-exempt. Individuals and their employers may deposit money into a HSA up to an annual dollar limit, additional catch-up contributions are allowed for those ages 55 to 65. Account balances can be used to pay for a wide range of medical expenses. After age 65, you may use your HSA account to augment regular income by paying ordinary income tax on withdrawals for non-medical expenses.

Savings and Investment Management

As your assets grow, you need investment and savings tools that allow your money to work for you. MutualBank and MutualFinancial Investment Services offer a full array of savings and investment products which include savings, CDs, money markets, stocks, bonds and mutual funds. We will work with you to determine your goals and help you create a savings plan that makes sense. After all, we know that itÕs all about helping your money grow.

MutualWealth Management Group
You've spent your whole life pursuing success. Now it's time to enjoy its rewards. An excellent wealth management team can help you do just that. But not just any wealth management team - you want a group of top-notch financial experts who will implement innovative strategies to multiply your wealth, who will put together a customized strategy that protects your wealth while leaving some room for you to have a little fun, too. MutualWealth can help you craft a financial plan that works as hard as you always have - one that helps you create a legacy by allowing you to pass on your wealth without giving away too much in taxes. With smart strategy and the right planning, MutualWealth can ensure your money gets to its intended destination, so you can preserve your family's wealth for generations to come.

And as a business owner, your employees rely on you to provide retirement plans and services that will meet their needs now and later in life. As an employer, you want to provide them with the best benefits plan you can. MutualWealth Ð Retirement Plan Services offers you a customized solution built on an open investment platform that gives your employees the flexibility of a diverse group of fund families. Whether the plan is for a single participant or a group of employees of a corporation, utility, small business, school or hospital, we offer a comprehensive, all-inclusive program.

Insurance

Through our partnership with the McCarthy Insurance Group, MutualBank assists its business clients by delivering a full array of cost-effective insurance solutions including general liability, property and casualty and workmen's compensation, tailored to each client's specific needs.