Business Checking
At Jeff Bank, we take pride in offering an array of accounts to help find one that will suit your business needs.
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Small Business Checking
With our Small Business Checking Account, the monthly service charge is waived for the first year. After the first year, a $10.00 service charge will be assessed for average balances below $1,500.00.
Features Details Minimum Balance Denotes whether an account requires a minimum, daily, or average daily balance to avoid the imposition of monthly service charge.
After first year, average balance of $1,500.00
Service Charge A charge incurred monthly for certain accounts or when an account falls below the required minimum balance.
$10.00 per month after first year
Minimum Opening Deposit The minimum amount required to open an account.
$25.00
Transaction Fee A fee charged for each Deposit, Check, or Check Deposited.
First 100 transactions per statement cycle, there is no transactions fee; each additional transaction is $0.15 (fifteen cents) per item charge
MasterCard Business Debit Card Free MasterCard Business Debit Card Available.
Yes
Free Checks Unless specified otherwise, first 40 checks are free. A $25.00 credit will be applied if a different check style is chosen.
Yes
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Business Checking
There is a monthly service charge of $7.00. The account holder is eligible for Business Select, a Personal Checking Account, with no monthly service charge offered only to individuals who open and maintain a Business Checking Account.
Features Details Minimum Balance Denotes whether an account requires a minimum, daily, or average daily balance to avoid the imposition of monthly service charge.
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Service Charge A charge incurred monthly for certain accounts or when an account falls below the required minimum balance.
$7.00
Minimum Opening Deposit The minimum amount required to open an account.
$25.00
Transaction Fee A fee charged for each Deposit, Check, or Check Deposited.
$0.10 (ten cents) per check issued
$0.15 (fifteen cents) per physical item processed (deposits and checks deposited)
MasterCard Business Debit Card Free MasterCard Business Debit Card Available.
Yes
Checks Unless specified otherwise, first 40 checks are free. A $25.00 credit will be applied if a different check style is chosen.
Yes
Additional Information Other information for this type of account.
An earnings credit on the average daily balance will be applied to reduce or eliminate charges.
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Business Sweep Checking
Our Business Sweep Accounts are interest-bearing accounts that do not require a minimum opening balance. There is no transaction fee or monthly service charge. To be eligible for this account, you must have or open and maintain a Business Checking Account.
Features Benefits Minimum Balance Denotes whether an account requires a minimum, daily, or average daily balance to avoid the imposition of monthly service charge.
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Service Charge A charge incurred monthly for certain accounts or when an account falls below the required minimum balance.
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Minimum Opening Deposit The minimum amount required to open an account.
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MasterCard Business Debit Card Free MasterCard Business Debit Card Available.
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Free Checks Unless specified otherwise, first 40 checks are free. A $25.00 credit will be applied if a different check style is chosen.
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Additional Information Other information for this type of account.
Each night balances are swept between your Business Checking Account and this interest bearing checking account. The automation keeps your Business Checking Account at a predetermined target balance set by you. Debit card and checks will not be issued for this account.
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Super NOW Checking
Super NOW is an interest-bearing account. If the daily balance falls below $2,500.00, a monthly service charge of $15.00 will be assessed at statement date.
Features Details Minimum Balance Denotes whether an account requires a minimum, daily, or average daily balance to avoid the imposition of monthly service charge.
Daily Balance of $2,500.00 or more
Service Charge A charge incurred monthly for certain accounts or when an account falls below the required minimum balance.
$15.00
Minimum Opening Deposit The minimum amount required to open an account.
$2,500.00
MasterCard Business Debit Card Free MasterCard Business Debit Card Available.
Yes
Free Checks Unless specified otherwise, first 40 checks are free. A $25.00 credit will be applied if a different check style is chosen.
Yes
Additional Information Other information for this type of account.
For Non-Incorporated Businesses, Sole Proprietors, and Non-Profit Companies
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Interest on Lawyer Account (IOLA)
Interest on Lawyer Account (IOLA) Accounts are interest-bearing accounts and for Lawyer’s escrow money only. There is a service charge of $10.00 that will be deducted from the interest earned before remittance to New York State on a monthly basis.
Features Details Minimum Balance Denotes whether an account requires a minimum, daily, or average daily balance to avoid the imposition of monthly service charge.
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Service Charge A charge incurred monthly for certain accounts or when an account falls below the required minimum balance.
$10.00
Minimum Opening Deposit The minimum amount required to open an account.
$25.00
Transaction Fee A fee charged for each Deposit, Check, or Check Deposited.
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MasterCard Business Debit Card Free MasterCard Business Debit Card Available.
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Free Checks Unless specified otherwise, first 40 checks are free. A $25.00 credit will be applied if a different check style is chosen.
Yes
Additional Information Other information for this type of account.
For lawyers escrow money only
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Estate Checking
To avoid a $5.00 monthly service charge, you must maintain an average balance of $500.00 or more.
Features Details Minimum Balance Denotes whether an account requires a minimum, daily, or average daily balance to avoid the imposition of monthly service charge.
Average Balance of $500.00 or more
Service Charge A charge incurred monthly for certain accounts or when an account falls below the required minimum balance.
$5.00
Minimum Opening Deposit The minimum amount required to open an account.
$25.00
Transaction Fee A fee charged for each Check, ATM, Debit, or POS Transaction.
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Debit Card Account Includes a Free Debit Card.
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Checks Unless specified otherwise, first 40 checks are free.
Yes
Additional Requirements Other requirements for this type of account.
Opened by the executor or executrix by court order for the benefit of a deceased person’s estate.
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Non-Profit Checking
Our Non-Profit Checking Accounts are for but not limited to: religious groups, Girl/Boy Scouts, libraries and various non-profit organizations. There is no minimum balance, service charge, or per check charge.
Features Details Minimum Balance Denotes whether an account requires a minimum, daily, or average daily balance to avoid the imposition of monthly service charge.
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Service Charge A charge incurred monthly for certain accounts or when an account falls below the required minimum balance.
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Minimum Opening Deposit The minimum amount required to open an account.
$25.00
Transaction Fee A fee charged for each Deposit, Check, or Check Deposited.
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MasterCard Business Debit Card Free MasterCard Business Debit Card Available.
Yes
Free Checks Unless specified otherwise, first 40 checks are free. A $25.00 credit will be applied if a different check style is chosen.
Yes
Additional Information Other information for this type of account.
This account is for but not limited to, Religious Groups, Boy/Girl Scouts, Libraries, and various Non-Profit Organizations.
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