As a community bank with decades of financial expertise, we care about you and your business. Whether yours is a neighborhood store, a small, privately owned company or a larger corporation, you’ll find a full line of business products, exceptional personal service, local lending decisions and competitive rates to help your business prosper.
Business Checking
You can open an account with as little as $100 and there is no minimum daily balance requirement. We’ll even pay for your first order of basic (three on a page) business checks (150 quantity), cover and endorsement stamp.
New Heights Business Checking
Now new customers can earn more with a New Heights Business Checking Account** at Ascendia Bank!
| APY* | Balance |
|---|---|
| 0.10% | On daily balance $0.01 to $49,999.99 |
| 4.00% | On daily balance $50,000 or over |
*APY = Annual Percentage Yield. New Heights Business Checking Accounts are variable tiered rate accounts. The rate may change at any time after the account is opened. Interest rate will be paid on the entire account balance. The minimum daily balance to earn interest is $.01, minimum to open is $100. Fees may reduce earnings. Rates effective as of 11/08/24.
**New Heights Business Checking Accounts are new money only. “New money” is defined as deposits not previously held by Ascendia Bank.
You can open an account with as little as $100 on the tiered checking and there is no monthly service charge or minimum daily balance requirement. We’ll even pay for your first order of basic (three on a page) business checks (150 quantity), cover and endorsement stamp.
Business Sweep
This product allows your business checking to earn interest at a very competitive rate.
Business Savings
You’ll have 24-hour access to funds at any of our convenient ATMs. And, with a very small initial deposit (only $5.00), you can start earning interest at a competitive interest rate. You’ll also receive an easy-to-read monthly statement so you can manage your cash more efficiently.
Money Market
With a money market account, you’ll earn a competitive interest rate and receive debit card and check writing privileges.
Merchant Capture
Business banking customers no longer need to physically bring checks to the bank to make a deposit! Checks can be deposited directly into your account from a remote location any time of day or night. Merchant Capture will save you time and reduce your risk of check fraud by limiting the number of people who handle the checks.
IOLTA / IOLA
Our Interest on Lawyers Trust Accounts (IOLTA/IOLA) accounts are a safe way for attorneys to manage their client’s funds. Please contact us at any one of our local branch offices for more information.
Business Checking Fees
| **Overdrafts (paid) | $35.00 |
| Uncollected/Unavailable Funds** | $35.00 |
| NSF (returned)** | $35.00 |
| Stop Payment | $15.00 |
| Outgoing Domestic Wire | $25.00 |
| Return Deposited Item | $25.00 |
| Certified Check | $ 5.00 |
| Teller Check | $ 4.00 |
| Dormant Checking (monthly after 12 months of inactivity) | $ 5.00 |
**The fee applies to overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means, as applicable.
Commercial Real Estate Loans
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