Business Deposit ServicesBusiness Deposit AccountsSmall Business Checking I This easy-to-use checking option was created for small business owners who have a minimal amount of checking account activity. You pay no service charge or per item fee as long as you maintain a $5,000 average daily balance and your transactions are fewer than 200 for the statement cycle. Small Business Checking II This checking option was designed for those businesses who conduct a large amount of checking account activity. You pay no service charge or per item fee as long as you maintain a $10,000 average daily balance and your transactions are fewer than 500 for the statement cycle. Business Interest Checking For those eligible business customers who like to maintain a balance in their checking account, TSB's Business Interest Checking Account is just for you. You can enjoy all the features of a checking account and earn a competitive interest rate while maintaining a $2,500 balance in the account. There is no monthly service charge when the required average daily balance is maintained during the statement cycle. Business Checking TSB's Business Checking Account features an earnings credit which is applied to reduce or eliminate fees on this account. If the earnings credit exceeds the fees for any period, no fees will be charged for the statement cycle. Business Clearing Account When you need a checking account that automatically transfers your balance every night into an interest-bearing account, then this is the account for you. There is a clearing period and fees associated with this account. Business Analysis Special situations demand special analysis. We can set your business checking account up to be analyzed on a monthly basis. We will work with you to design a plan so that your TSB business banking accounts can work together to off-set monthly service charges.
Investment OptionsBusiness Statement Savings Account With a low minimum balance of $250, you can earn interest on this savings option and avoid the monthly service charge. Business Investment Savings Account Earn a competitive interest rate while maintaining a $2,500 daily balance in the account. Certificate of Deposit (CD) Certificates of Deposit make excellent short or long-term investment opportunities. For your convenience, we have many options, including a broad range of maturity dates and a choice of interest-payment options. Business Repurchase (Sweep) Account This Business Repurchase Account allows business customers to combine the earnings of an investment account with the convenience of a Tioga State Bank checking account. Plus, the funds are transferred automatically so there is no monitoring daily balances or additional trips to the bank.
Cash Management Products & ServicesConcentration Account The concentration or "Master Account" allows you to improve the management and control of your account balances. The concentrated funds can be used more effectively for investments and disbursements. Zero Balance Account This account works in conjunction with the Concentration Account reducing overall cost of capital by optimizing cash utilization. TSB will automatically advance funds in the exact amount necessary to cover the current day's charges from the Concentration Account to bring the balance in the Zero Balance Account back to zero. Account Reconciliation Account reconciliation can be completed right from your PC with our E-Cash Management system or we can work with you to tailor account reconciliation to meet your specific needs. Other Business ServicesAutomatic Funds Transfers Commercial customers are encouraged to use our convenient money transfer system to make loan payments or regularly move money from one account to another within the bank. This service provides flexible transfer options. Automated Clearing House Services (ACH) & Direct Deposit of Payroll ACH services are available for transferring funds from one financial institution to another for cash management purposes, direct deposit of payroll, bill paying, etc. ACH services are easy, convenient and inexpensive. 24-Hour Depository Service Through the use of a locked deposit bag and a secure safe depository located at many of our community offices, a business can drop off deposits, payments, and other related business at the bank for processing on the next business day.
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