Business Accounts

When you’re right in the trenches of working in your business, who has time to work on the business?

FNB Germantown’s Better Business Banking allows you to spend the time where you need it most – making the sale.

Our Business Banking products have no minimum balance, the ability for fees to be waived, and always include standard account services like Bill Pay, mobile check deposit, QuickBooks transaction exports, and a business debit card.

Main Street Business Checking

Non-Profit Checking

Estate Accounts

Main Street Business Savings

Monthly Fee

$10 per month $0 per month $0 per month $10 per month

How to Waive Service Charge

Enrolled & actively use Online Banking** N/A N/A Business Checking with Combined Balance

Paper Statement Fee

$3 $3 $0 $3

Minimum Balance

None None None None

Interest Bearing

None No Yes Yes

Interest Rates

N/A N/A 0.05% APY 0.10% APY

Standard Services Included

Yes Yes Yes Yes

Premium Services Available

Yes Yes Yes Yes

**Actively Use means logging in at least once in a calendar month

APY= Annual Percentage Yield.

Standard Account Services

Always included with any checking or savings account without an additional fee.

Bill Pay

Schedule and send regular or one-time payments to vendors. Payments are sent electronically (ACH) or by paper check.

P2P Transfers

Person-to-person transfers can be completed through Online Bill Pay. This allows for a simple transfer between two individuals without the need to swap sensitive account information. Transactions are typically completed in 1-3 business days. Similar to Venmo, CashApp, and Paypal.

Mobile App

Access your account information through your mobile device with ease. Mobile Deposits Through the mobile app, take a photo of your checks and deposit them directly into your account without having to go to the bank.

ATM & Debit Card

An ATM card is available with every savings account and a debit card is available with every checking account. Debit Cards can be used to access Checking and Savings, if both accounts are in the same name of the cardholder. (A $10 fee only applies if a card is lost or damaged. Free replacement for normal wear and tear or fraud on cards.)

Coin Counting

We count coin for free! Must be free of debris and any residue.

Quickbooks

Export account transactions from Online Banking and import them into QuickBooks.

Premium Account Services

Add on services that require a worthwhile fee.

MainStreet Originator (ACH Origination)

Process incoming and outgoing ACH transactions.

Examples of this service include:
• Payroll – send payroll via ACH directly to their employees’ account
• Subscriptions – debit a customers’ account for a recurring payment subscription

Costs:
• $100.00 one-time setup (to cover approval and setup)
• $0/month

Requirements For Setup

Requirements for setup include a completed application, bank approval, and a servicing agreement.

MainStreet Merchant (Remote Deposit)

Scan and deposit checks directly from your own office without going to the bank. Clients can be setup to initiate multiple deposits per day and are given the hardware necessary to make them.

Benefits:
• Fewer trips to the bank
• Quicker access to deposits
• Comfort of depositing from your home or office

Requirements for Setup:
Requirements for setup include a completed application bank approval, and a servicing agreement.

Costs:
• $150 one-time setup fee
• $30/month

ID Theftsmart

Monitor your credit and receive recovery services in the event your identity is stolen.

Package Options:
• ID Restoration and Recovery Services $5.00
• ID Restoration and Recovery Services + Credit Monitoring $10.00

Requirements for Setup:
• Consumers: Complete individual forms and select which service level you want to enroll in
• Businesses: Complete the bulk enrollment form with your employee information

Merchant Services (Debit/Credit Cards)

Accept debit and credit card payments at your business or storefront

Costs:
All costs are quoted and collected directly through our trusted third-party agent.

Business First Line (LOC)

Geared towards small businesses who require the occasional influx of cash into their business at critical points of operation.

Typical Terms:
• $5,000 credit limit
• 8.999% Annual Percentage Rate
• Monthly payments of $25/month or 3% of principal balance, whichever is greater

Credit Card

Credit card for your business at 8.999% Annual Percentage Rate

Foreign Currency

An exchange of foreign currency can be completed through us by our trusted third-party agent. You can purchase a foreign currency with your USD or sell your foreign currency in exchange for USD.

Costs:
$20 transaction fee for all foreign currency exchanges. An additional $10 transaction fee for any order less than $300.

Contact us to learn how FNB Germantown’s Better Business Banking can help your business save time and money!

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