Business
IMPORTANT UPDATE!
2011 will bring some exciting updates to our website. As you know, Suffolk First Bank completed its merger with Xenith Bank in December 2009. Continue reading...
Business Checking
- Small Business Free Checking
- Business Analysis Checking
- Business Money Market
- Community Advantage Checking
- Community Checking
Small Business Free Checking
Designed for businesses that usually have low to moderate checking account balances and transaction activity.
- 250 or less transactions per month
- No minimum balance
- No monthly service charge
- Free Online Business Banking
- Free Business Visa Check Card
- $100 minimum to open
- Items exceeding 250 per month are assessed $0.25 each
Business Analysis Checking
Business Analysis Checking is perfect for businesses that have medium to high checking account balances and transaction activity.
- Receive the services you need without paying for the ones you don’t
- No transaction limit
- Free Business Check Card
- Free Online Business Banking
- Earnings Allowance based on average collected balance can be used to reduce or even eliminate total service charges
Business Money Market
A Business Money Market Account offers our business customers the competitive rates of a High Yield Savings Account with the flexibility and convenience of check writing.
- $2500 minimum opening deposit
- Tiered interest rates
- Free Online Banking
Community Checking
Designed for non-profit business customers, this checking account offers affordable convenient features:
- 250 or less transactions per month
- No minimum balance
- No monthly service charge
- Free Online Business Banking
- Free Business Visa Check Card
- $100 minimum to open
Community Advantage Checking
This interest-earning account is designed for sole-proprietorships, non-profit organizations, trusts, associations and government agencies.
- Earn interest on daily balances
- Free Online Business Banking
- Free Business Visa Check Card
Maintain the required minimum daily balance in any one of the following ways to avoid a monthly service charge of $25.00
- $5,000 in your Community Advantage Checking or
- $25,000 combined in a Certificate of Deposit or Savings Account linked to your Community Advantage Checking, or
- $50,000 in a loan linked to the Community Advantage Checking Account
** Each account linked to the Community Advantage Checking Account must have the same tax identification number (TIN). The Community Advantage Checking Account (CACA) is the primary account. Any account linked to the CACA becomes the subordinate account. Subordinate accounts must have the same TIN.
