Business Now Account: A Checking Account That Gets Down to Business
At Bank of Vernon, we understand the importance of every dollar in running a successful business. That's why we've crafted the Business Now Account, a unique checking account solution that not only helps you save for future needs and build a financial safety net but also grows your business capital. With tiered interest rates, your money works harder as your balance grows, giving you the peace of mind that your funds are in good hands.
- Maximize Your Savings with Tiered Interest Rates: The Business Now Account offers tiered interest rates, meaning the larger your balance, the more you earn. Whether saving for a specific business purchase, building an emergency fund, or simply looking to maximize your returns, this account provides a secure and effective way to grow your funds.
- No Monthly Fee over $5,000: By maintaining a balance of $5,000 or more, you not only keep your costs low but also enjoy the benefit of no monthly service fee. For balances below $5,000, a modest $12.00 monthly service fee applies, making it a flexible option for businesses at different stages of growth.
- Earn Monthly Interest with a Minimum Balance: To start earning interest, maintain a minimum balance of $1,000. The more you save, the more you earn, helping you build a financial cushion for unexpected expenses or new opportunities.
Convenient and Flexible Access to Your Funds
Our Business Now Account is designed with your convenience in mind, offering a range of features that make managing your finances a breeze. From instant-issue debit cards for immediate access to your funds, to comprehensive online and mobile banking services that allow you to manage your account anytime, anywhere, we've got you covered.
- Instant Issue Debit Cards: Our instant-issue debit cards give you immediate access to your funds, perfect for managing day-to-day expenses.
- Online & Mobile Banking: With our comprehensive online and mobile banking services, you can manage your account anytime, anywhere. You can handle all your banking needs, from checking your balance to making deposits.
- 24-Hour X-Press Banking & ATM Access: With our 24-hour X-Press Banking and ATM services, you can access your funds or make deposits whenever it's most convenient for you.
- Night Deposit Services: Safeguard your deposits after hours with our secure night deposit options, protecting your funds around the clock.
- Advanced Financial Tools: Enhance your business operations with ACH Origination, Merchant Card Services, Remote Deposit Capture, Positive Pay, and more—helping you manage your finances efficiently.
- Bounce Protection & Wire Transfers: Protect your business from unexpected overdrafts and easily manage large transactions using our wire transfer services.
- E-Statements & Personalized Checks: Choose the statement option that suits your business needs, and order personalized checks at a convenient cost.
- Eligibility and Peace of Mind: The Business Now Account is available to sole proprietors and nonprofit organizations. If you fall into one of these categories, you can open this account and enjoy its benefits.
With this account, you can rest assured that your financial future is secure and you have the tools to manage your money effectively.
Why Choose Bank of Vernon's Business Now Account?
The Business Now Account is more than just a interest bearing checking account—it's a smart financial solution that helps your business grow. With tiered interest rates, flexible access, and no monthly service fee for balances over $5,000, we designed this account to support your business's financial health. Let the Bank of Vernon be your partner in building a stronger financial future for your business.
Bank of Vernon is a full-service Community Development Financial Institution with locations in Mississippi and Alabama.