At
Greater Atlantic Bank, we recognize that your Business
Checking Account is the core of your deposit activity.
That’s why we have created a number of flexible
accounts for our customers. Better still, we can also
customize a business checking and savings account to suit
you and your business perfectly. As we realize the importance
of cash flow for our business customers, we have even
created additional accounts that can provide you with
increased earning potential as your funds become available.
So check out our business checking and savings accounts.
You’ll see that when it comes to our business customers,
we really mean business.
SMALL
BUSINESS CHECKING Enjoy unlimited
access to account funds and maintain a low average monthly
balance of only $1000.00 to avoid an activity service charge.
There are no per-item or unexpected charges to
worry about each month. Statements are issued monthly
along with Check Imaging.
BUSINESS
INTEREST CHECKING
Sole Proprietors and Non-Profit organizations can earn a premium rate of return with a Business Interest Checking Account. Enjoy unlimited check writing privileges. Avoid a monthly maintenance fee of by maintaining a minimum balance of $2500.00.
COMMERCIAL
CHECKING
Commercial Checking
is the right account for your company if your transaction
activity is moderate to high. Using an account analysis
to calculate monthly deposit charges,
Commercial Checking benefits businesses in need of cash
management services. It's
also great for businesses looking to combine multiple
accounts into a single relationship.
This account offers unlimited check writing and an earnings
credit to offset charges.
BUSINESS
INVESTMENT (Sweep Account)
Invest excess funds from your Commercial Checking Account
into an overnight account that is collateralized with
government agency securities. Each day, your account's
ending balance is reviewed to determine if there are discretionary
funds to invest and sweeps those funds into an overnight
investment account. Similarly, if funds are needed in
your Commercial Checking Account, the appropriate amount
will be swept into your account. This account increases
the return on your working capital while improving your
method of cash management. The investment rate changes
daily and the account is not FDIC insured
ZERO
ACCOUNT BALANCES
Use Greater Atlantic Bank's Zero Balance Checking to automatically
transfer funds to or from
your Commercial Checking Account. This account eliminates
the need to monitor balances and initiate transfers and
provides an inexpensive way to efficiently concentrate
daily funds. A primary account is identified to serve
as the master depository/funding account, which is the
central point for all transactions. Secondary accounts
are also created, which serve as disbursement and depository
accounts. Each day, the secondary accounts are brought
to zero balances and the funds are placed into the primary
account, thereby consolidating earning or buying potential.
ESCROW
MANAGEMENT
An escrow bookkeeping account specifically designed for
businesses or organizations
acting as escrow agents for third parties, such as:
Real
estate companies handling earnest money
Title
companies handling escrow deposits
Property
managers handling security deposits
Brokerage
companies managing real estate investment funds
Attorneys
Funeral
home operators
Escrow
Management simplifies bookkeeping and tax reporting by
linking multiple “client”
accounts to a single “master”
account.
BUSINESS
MONEY MARKET INVESTMENT ACCOUNT
Greater Atlantic Bank offers a Money Market Investment
account for all business owners. This account allows you
the opportunity to invest excess funds and earn a premium
rate of interest. Federal Regulations limit the number
of pre-authorized withdrawals to six per month, of which,
three may be by check. Avoid a monthly maintenance by
maintaining a minimum balance of only $1,000.00.
BUSINESS
SAVINGS ACCOUNT
We offer a Business Savings Account with a great rate. Start saving with as little as $200.00 You may also enjoy scheduling regular deposits for your convenience.
