Managing a business is no easy task. That’s why we’ve designed a suite of business checking options to fit the growing needs of your business. At Severn Savings Bank, we believe that your business should have quick, easy, and convenient access to all your banking needs at a bank you can trust. Our business checking services are designed to make your business banking experience as smooth as possible, and our passionate and knowledgeable employees pride themselves on offering exemplary customer service.

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Your Banking on Your Time

We understand that you have a busy schedule and don’t always have time to physically come to one of our branches. That’s why we offer free online banking with bill payment and eStatements on all our business checking products. Make deposits, withdrawals, check your balance, and more any time of day from anywhere.

Also included with every business checking account is mobile banking with mobile check deposit. Use your smartphone to quickly deposit a check or keep an eye on your balance. Whether you’re at your office, on a job site, or on an important business trip, you can be empowered to do your business banking on your terms.

Features You Need

Our business checking accounts have all the features you need to run a successful business. Need to manage payroll? We can do that through Automated Clearing House (ACH) Origination. Looking to combat fraud? Through Positive Pay, we can help you ensure your incoming checks are valid. Don’t have a computer handy but still need to bank? Through In-Touch Telephone Banking, you can bank 24/7 anywhere near a phone. Need to deposit checks, but don’t have time to make it to the bank? Our remote deposit capture allows you to electronically send your company’s deposits by using a desktop scanner at your place of business. Do you accept credit and debit card payments? We can provide everything you need for cash management, from low-cost equipment to specialized payment processing services for retail, restaurants, hotels, and more.

Severn Savings Bank is also pleased to be a part of the Allpoint Network, a surcharge-free ATM network in over 55,000 retail locations across the world. Access your hard-earned cash fee-free and banish worries about finding an ATM that will work with your debit card.

The Right Account for Your Specific Needs

Your business is unique, so don’t settle for a one-size-fits-all business checking account. Severn Savings Bank offers three different business checking accounts depending on your business needs: Business Checking, Business Interest Checking, and Commercial Analysis. Regardless which option you select, all of our business checking accounts have access to all the features you’d need from a checking account, like online and mobile banking, Positive Pay, ACH Origination, and more!

Business Checking Account Options:

1Average ledger balance is calculated by adding the principal in the account for each day of the calendar month and dividing that figure by the number of days in the calendar month.

2Bank reserves the right, upon notification to the customer, to convert any accounts that consistently process more than 2,000 items per month to another business checking account product.

3Combined items include checks deposited, debits and credits.

4The interest rate and annual percentage yield will depend on the daily balance in the account, as shown on the Rate Chart Rate Chart provided at account opening.. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue on the business day you deposit noncash items (i.e., checks). Interest will be compounded daily and credited to the account monthly. We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.

5The earnings credit will be calculated by applying the periodic earnings credit rate to the average collected investable balance in the account for the statement period. At our discretion, the periodic earnings credit rate may change at any time. The average collected balance is calculated by adding the principal in the account for each day of the calendar month and dividing that figure by the number of days in the calendar month. The investable balance is the average collected balance reduced by 10%. The earnings credit is limited to the fees assessed for the statement period.

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Employer Sponsored 401K

Would you like to offer retirement plans for your employees? We can help!

Learn more about Employer Sponsored 401K plans

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