Business Deposit Accounts
Savings and Checking Accounts to Fit the Needs of Your Business
New Frontier Bank knows having easy access to your business funds is important. Having quick access to one of New Frontier’s business checking or savings accounts will give you peace of mind and allow you to focus on the day-to-day operations of your business.
Thrifty Business Checking Account
- $100.00 minimum opening deposit
- No charge for first 150 transactions; (Transactions include checks/debits and deposited items. Each transaction over 150 is $.35 each)
- 24-hour access to account information by phone, small business online banking or our cash management product via the Internet
- Free check imaging on monthly statement
- Employees eligible for Work Plus Checking
- Monthly $3.00 service fee waived if account receives eStatements*
- Business Debit Card
*Paper statements are available for a $3.00 monthly fee.
Business Checking Account
- $100.00 minimum opening deposit
- If average daily ledger balance falls below $5,000.00 for the month, the fee will be $15.00
- No charge for first 500 transactions (Transactions 501 or more $0.40 each)
- 24-hour access to account information by phone, small business online banking or our cash management product via the Internet
- Free check imaging on monthly statement
- Employees eligible for Work Plus Checking
- Free e-statements
- Business Debit Card
Corporate Checking
- $500.00 minimum opening deposit
- Earnings credit based on the 4-week average of the 91-Day U.S. T-Bill rate to help offset monthly charges
- $15.00 monthly fee
- Free check imaging on monthly statement
- 24-hour access to account information by phone or our cash management product via the Internet
- Free e-statements
- Business Debit Card
Fees Include:
| Checks/Debits | |
| ACH - Less than 75 | no charge |
| ACH - 75 or more | $0.15 each |
| Non-ACH - Less than 75 | $0.15 each |
| Non-ACH - 75 or more | $0.25 each |
| Deposits/Credits | |
| ACH - Less than 20 | no charge |
| ACH - 20 or more | $0.15 each |
| Non-ACH - Less than 20 | $0.15 each |
| Non-ACH - 20 or more | $0.25 each |
| Deposited Items | |
| 200 or Less | no charge |
| 201 or More | $0.10 each |
Business Savings
- $500.00 minimum opening deposit
- If average daily ledger balance falls below $750.00 for the month, the fee will be $5.00
- Variable interest paid on principal balance, interest calculated daily, compounded and credited monthly
- No charge for first 50 deposited items (51 or more - $.25 each)
- Limit of six (6) preauthorized transfers each month. Withdrawals or transfers to another account owned by you in our bank made by mail, messenger, ATM, or in person are not subject to these limitations (Debits in excess of six per month—$10.00 each)
- Semi-annual statements
- 24-hour access to account information by phone or via the Internet
Business Money Market
- $500.00 minimum opening deposit
- If average daily ledger balance falls below $5,000.00 for the month, the fee will be $10.00
- Variable interest paid on principal balance, interest calculated daily, compounded and credited monthly
- Free check imaging on monthly statement
- 24-hour access to account information by phone or via the Internet
- Limit of six (6) preauthorized transfers from your account each statement cycle,including payments by check to third parties. Withdrawals or transfers to another account owned by you in our Bank, made by mail, messenger, ATM or in person are not subject to these limitations
Fees Include:
| Excessive Withdrawals: | $10.00 each |
| Deposited Items: | |
| 20 or Less | no charge |
| 21-50 | $0.12 each |
| 51 or more | $0.25 each |
| Deposits/Credits: | no charge |
Business Plus Package
- This product is a package of a Business Plus Checking and Business Plus Money Market Account
- $200.00 minimum opening deposit ($100.00 per account)
- If combined average daily balance falls below $15,000.00 for the month, a service charge of $15.00 will be assessed against the Business Plus Checking Account
- Limit of six (6) preauthorized transfers from your Business Plus Money Market Account each statement cycle, including payments by check to third parties. Withdrawals or transfers to another account owned by you in our Bank, made by mail, messenger, ATM, or in person are not subject to these limitations. A $10.00 fee may be assessed for each excessive withdrawal.
- Check imaging on monthly combined statement at no additional cost
- 24-hour access to account information by phone or via the Internet
- 50% discount for online commercial cash management
- Free night drop bag
- Free employee benefit analysis by Financial Advisor
- Free checking for employees with our Work Plus account
- Free e-statements
- Business Debit Card