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Checking PlansRunning a business can get pretty complicated. That’s why you need a checking account that’s uncomplicated… offering you easy-to-manage features including Internet Banking and Bill Pay , telephone banking, the Cash Sweep Program and more. Check out our Check Imaging on CD, which can help you reduce your need to store cancelled checks. AT SCNB, we'll help you get the right financial services so you can spend more time running your business and less time running to the bank. *
Check Safekeeping Check Safekeeping The Check Safekeeping Account is the perfect solution for businesses that don’t want to worry about maintaining high balances and who want to eliminate the hassle of receiving and filing cancelled checks. There are no minimum balance requirements and no monthly service charges. If your business processes less than 200 items per month, then this is the account for you. Affordable Business CheckingSM The Affordable Business Checking account has been designed to meet your day-to-day business transaction needs. All cancelled checks are returned to you with your monthly statement and the monthly fee is waived if you maintain an average collected balance of $10,000. Plus, each month you’ll receive 200 free transactions of your choosing (checks, deposits and non-scnb deposited items). Regular Business Checking The Regular Business Checking is specifically designed for businesses that don’t want to worry about minimum balance requirements. You’ll receive an earnings credit based upon the average collected balance in your account to help offset and even eliminate your monthly service charges. Money Market The Money Market Account is a great solution for that excess working capital. It’s a limited transaction account that offers full liquidity of funds and earns interest. NOW (Negotiable Order of Withdrawal) If you are a sole proprietor or a non-profit organization, the NOW account can provide you with unlimited check writing, full liquidity of funds and interest… all in one convenient account. Attorney Escrow Management Account Simplify the administrative tasks associated with maintaining client funds. Itemized activity for individual client accounts is provided in one consolidated statement and separate 1099 statements are issued for year-end tax reporting. New York IOLA (Interest on Lawyer Account) The IOLA offers an effective way to comply with the legislative requirements relating to “pooled” funds that are held in custody for clients. An SCNB NOW account is established and any interest earned, net of service charges and handling fees, is paid to the New York State IOLA fund by the Bank. Accountant Banking Privileges Package Designed to meet the needs of CPAs, this package offers free business checking with no monthly fees or per check charges and a specially priced Business Reserve® Line of Credit (for qualified borrowers). Plus, we’ll give you your first order of checks… free (a savings of up to $100). *Maintenance and transaction fees may apply on certain accounts and services. See your SCNB branch representative for details. Information on interest accruals and current interest rates and APYs (Annual Percentage Yields) for the Money Market and NOW accounts can be obtained by calling any one of our branch locations.
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