Business Banking Services
Progress Bank partners with you to make your business work better. That creates a different, better banking experience, one that frees you to do what you do best. We’ve developed a range of commercial accounts and services to help you manage your financial needs and build out your business strategy. We’re available in person, on the phone and online. When you have a question or a banking need, just ask.
Business Checking and Savings
Free Business Checking
Simplified business checking with no monthly fee.
- Minimum opening deposit $100
- Unlimited free ATM use worldwide
- Free Customer Originated Item Charges up to 150 debits/credits per cycle
- .25 per item above 150
- Free Progress Bank Check Cards
- Free Telephone Banking
- Free Online Banking & Bill Pay
- Free E-statement
- Free Notary and Medallion Signature Guarantee Service
- Overdraft protection available (subject to approval, ask for details)
Regular Business Checking
For larger businesses with more transactions.
- Minimum opening deposit $100
- $15 monthly fee (no fee for first monthly statement cycle)
- Fee waived with minimum daily balance $2,000
or $5,000 average monthly balance
or $50,000 combined balances - Free Customer Originated Item Charges up to 400 debits/credits per cycle
- .25 per item above 400
- Free Progress Bank Check Cards
- Free Telephone Banking
- Free Online Banking & Bill Pay
- Unlimited free ATM use worldwide
- Free E-statement (Imaged statement $3)
- Free Notary and Medallion Signature Guarantee Service
- Overdraft protection available (subject to approval, ask for details)
Business Analysis Checking
Designed for high transaction volume accounts. Activity fees can be offset with deposit balances.
- Minimum opening deposit $100
- $15 monthly fee (no fee for first monthly statement cycle)
- Fee waived with minimum daily balance $2,000
or $5,000 average monthly balance
or $50,000 combined balances - Activity Charges: $.25 per deposit; $.07 on us deposited items; $.10 per foreign item deposited; $.12 per check during each statement cycle
- Earnings Credit on Deposit Balances will offset Transaction Fees (A 10% reserve requirement applies to this account.)
- Free Progress Bank Check Cards
- Free Telephone Banking
- Free Online Banking & Bill Pay
- Unlimited free ATM use worldwide
- Free E-statement (Imaged statement $3)
- Free Notary and Medallion Signature Guarantee Service
- Overdraft protection available (subject to approval, ask for details)
Business Checking Plus Interest
When your business maintains a higher balance, those funds should be working, too.
This account is available only to Sole Proprietorships, Partnerships and Non- Profit Organizations
- Minimum opening deposit $100
- Interest accrues daily, paid monthly based on daily tiered balance
- Interest tiers up to $24,999.99
$25,000-$49,999.99
$50,000 and above - 150 debits/credits per cycle
.25/item above 150 - $15 monthly fee
- Fee waived with minimum daily balance $2,000
or $5,000 average monthly balance
or $50,000 combined balances - Free Progress Bank Check Card
- Free Telephone Banking
- Free Online Banking & Bill Pay
- Unlimited free ATM use worldwide
- Free E-statement (Imaged statement $3)
- Free Notary and Medallion Signature Guarantee Service
- Overdraft protection available (subject to approval, ask for details)
Business Money Market
Earn higher interest on higher balances with limited activity.*
- Minimum opening deposit $100
- Interest accrues daily, paid monthly based on daily tiered balance
- Interest tiers up to
$24,999.99
$25,000-$49,999.99
$50,000 and above - 3 checks or a total of 6 withdrawals per month at no charge
($5* each for withdrawals in excess)
(in-person and ATM withdrawals do not apply) - $15 monthly fee
- Fee waived with minimum daily balance $2,000
or $5,000 average monthly balance
or $50,000 combined balances - Free order of checks per year
- Free Progress Bank Check Card
- Free Telephone Banking
- Free Online Banking
- Free Direct Deposit
- Free ACH Transactions
- Unlimited free ATM use worldwide
- Free E-statement
- Overdraft protection available (subject to approval, ask for details)
Business Savings
Uncomplicated savings with easy access.
- Minimum opening deposit $100
- $10 monthly fee
- Fee waived with minimum daily balance of $500 or $50,000 minimum combined loan and deposit balances.
- 3 withdrawals per month at no charge
($5* each for withdrawals in excess of 3) - Free E-statement
- Free Progress Bank Check Card
- Free Telephone Banking
- Free Online Banking
- Free Direct Deposit and ACH Transactions
- Free ATM transactions worldwide
*Subject to regulatory limit of six (6) transfers or payments (preauthorized, automatic, by telephone or from a personal computer) from your money market or savings account per statement cycle with no more than three (3) being by check or check card to a third party. The preauthorized or automatic transactions may be initiated by PC Banking, Online Banking or standing order.
*Fee will be assessed for each transfer in excess of six (6) and each check in excess of three (3) per monthly statement period. Limit does not apply to in-person withdrawals or withdrawals at an ATM. If you exceed the restrictions more than three times in a 12-month period, we will close the savings or money market account and transfer the funds to a checking account.
Business Lending
Lines of Credit
Progress Bank offers a variety of revolving Lines of Credit to provide instant access to funds when you need them for Working Capital, Government Contracting or other unexpected expenses. Talk with us about your many options.
Commercial and Residential Development Loans
Let Progress Bank finance your commercial or residential development projects.
Business Visa® or MasterCard®
Facilitate, monitor and track business travel and purchases with a Progress Bank Business Visa® or MasterCard®. Your Progress Bank Business Visa® or MasterCard® can also give you free access to ATM machines throughout the world.
Equipment Loans
Finance new or used equipment purchases with a Progress Bank fixed or variable rate Equipment Loan.
Vehicle and Specialty Loans
Progress Bank offers loans to purchase new, used and specialty vehicles. Let us help you explore the options.
Real Estate Loans
We offer loans for real estate purchase, refinance or construction with fixed or variable rate options.
Remote Deposit
Progress Bank offers remote deposit which is the fastest and most convenient way to deposit funds without ever leaving the office. Just scan, click, and your deposit is immediate and secure. Remote Deposit is easy and we will setup everything for you. Benefits to this service include:
- Elimination of or reduction of trips to the bank
- Ease of use and convenience
- Enhanced security of deposit processing
- Make deposits on your time schedule
- Immediate availability of records/reporting
- Enhanced research capability
- Employer liability reduced
Please click here to learn more.
Cash Management Services
Let a Progress Business Banker tailor cash management services specifically for your business needs. We’ll save you time and money with these services:
- Investment Sweep Account
- Zero Balance Account (ZBA)
- Positive Pay
- Wire Transfers
- ACH Services
- Payroll Services
- Cash Concentration
- Account Reconciliation
- Merchant Services
- International Services
- Electronic Tax Payments
Additional Services
- Remote Deposit Capture
- Courier Service
- Progress Bank Credit Cards
- ATM/CheckCard
- Microsoft® Money, Quicken, Quickbooks
You can download these popular money management software programs. The cost is the current licensing fee. - Night Depository
- Notary Services
- Safe Deposit Boxes
- Signature Guarantee (Medallion)
- Telephone Banking On Call 24 Hours
- Travelex Cards
- Official Checks
- Wire Transfers, Domestic and International
We’re thinking of more and better ways to uncomplicate banking for you. Let us show you the extremely personalized service that is the heart of Progress Bank.
Thinking forward.
