At Summit Bank, we offer commercial accounts to meet the varying needs of all types of businesses. Our professional bankers will tailor products and services to meet your specific needs. Contact your Private Banker for complete information on the commercial services listed below.
The Summit Business Checking account is designed especially for the businesses or organizations that process limited amounts of items per month.
Summit Bank’s Commercial Checking account satisfies the needs of businesses with a high volume of transactions. The account is analyzed monthly and an earnings allowance, computed using the positive average collected balance, less 10% reserve requirement, is used to offset analysis activity charges each month. This allowance is based on current market rates and is subject to change.
The interest-bearing checking account is well-suited for specific types of Summit Bank’s business clients. The amount of interest earned is based on the collected balance exceeding $2,500. The higher the balance, the more interest the account earns.
Summit Bank offers Interest on trust accounts for our clients in the legal profession.
If you would like more details regarding the different benefits and features of each of these accounts, including information regarding relationship pricing, contact your Private Banker today.
The Summit Commercial Money Market allows a convenient way for you to earn interest on your excess cash. This account offers tiered interest rates with a maximum of six withdrawals monthly. This account offers an imaged monthly bank statement that can be combined with your operating business account if you choose.
We offer a wide variety of terms and interest rates for excess cash.
Summit Bank offer business credit cards with no annual fee. A business credit card is an essential part of an integrated cash management solution designed to help your business succeed financially.
Summit Bank offers a cash management program that is flexible and fully-integrated, that can be structured to fit your business’ specific needs.
For more details regarding the specific benefits and features, contact your Private Banker today.