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Village Bank provides businesses with a means of improving cash flow by earning interest on idle funds. Business savings and Money Market accounts at Village Bank come with the following convenient features:
- Free Internet Banking
- Free account inquiry access 24/7 by phone using Village Bank Express
- Free ATM card
- Free foreign ATM transactions
- Free notary service
Click each account type to expand or collapse:
• Village Business Savings
Village Business Savings is a savings account that earns a variable rate of interest.
- $50.00 minimum opening deposit
- Interest on collected balances is compounded daily and paid monthly
- No monthly service fee if a $200.00 average daily balance is maintained. If average daily minimum balance falls below this level, the service fee is $3.00 per month.
- No charge for first 6 withdrawals each monthly statement period including transfers. A $1.00 excessive withdrawal fee will apply to each withdrawal over 6 during any monthly statement period.
- Free Internet Banking
- Free ATM Card
- Free foreign ATM transactions worldwide (Exchange rate fees may apply to transactions outside of the U.S., however usage fees will be waived)
- Free account inquiry access 24/7 by phone using Village Bank Express
- Free Notary Service
• Village Business Money Market
Village Business Money Market is an account that earns a variable money market rate of interest and has limited check writing capacity for any business or organization.
- $100 minimum opening deposit
- Pays tiered money market interest rates on all collected balances
- Interest on collected balances is compounded daily and paid monthly
- No monthly service fee if a $2,500 average daily balance is maintained. If balance falls below this level, the service fee is $8 per month.
- May make a total of 6 third party transactions or withdrawals per month. Third party payments include check, ACH, telephone transfers or similar order. A $12.00 excessive activity fee applies to each third party transaction in excess of 6. Customer may make unlimited transactions and withdrawals of funds at any Village Bank location, ATM or by mail.
- Free money market checks, deposit / withdrawal slips
- Free Internet Banking
- Free ATM Card
- Free foreign ATM transactions worldwide (Exchange rate fees may apply to transactions outside of the U.S., however usage fees will be waived)
- Free account inquiry access 24/7 by phone using Village Bank Express
- Free Notary Service
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