At Nantahala Bank & Trust Company, our approach to business banking is to treat customers as friends and neighbors. That means providing the financial help you and your business need through effective, yet uncomplicated, products and sound, basic advice. It also means doing whatever we can to make you feel welcome and appreciated every time you call or visit. In the products and services described below, you’ll see the results of our continuing efforts to help you run your business more efficiently by making your banking simple and convenient. Because we believe that simple banking is better banking. And Better Banking Begins Here.
All of our business checking accounts have been designed to offer a solid combination of value and convenience. You can open any account with as little as $100, and each account comes with a strong list of standard features, including:
• Free Online Banking and Bill Pay
• Free Visa debit card
• Check images included with statement
• Free Night Deposit
• Free 24-hour telephone banking
Basic Business Checking
This basic account is ideal for most small business owners.
• Up to 200 combined debits, credits and deposited items at no charge; $0.25 each thereafter
Business Interest Checking
Exclusively for sole proprietorships and nonprofit groups, this account earns interest on your checking balances.
• Up to 200 combined debits, credits and deposited items at no charge; $0.25 each thereafter
• No monthly fee with a $1,000 minimum or $2,000 average balance; otherwise $12
Deluxe Business Checking
With Deluxe Business Checking, the balances you maintain earn credit to help you avoid paying monthly charges.
• Earnings credit rate based on the 90-day Treasury Bill
• $12 monthly maintenance fee
• Debits $0.15 each
• Credits $0.45 each
• Deposited items $0.10 each
• Cash deposited $0.10 per $100
• Cash supplied $0.10 per roll; $1 per strap
• Uncollected funds rate Prime + 3%
Business FREEdom Checking
Join the business banking revolution with our Business Freedom Checking:
• No Maintenance Fees
• No Minimum Balance
• Free Online Banking and Bill Pay
• Free 24-Hour Telephone Banking
• Unlimited Transactions
• Free Night Deposit
• Free Visa Debit Card
• Free Check Images
• No 2pm Cutoff! Get same-day credit for all transactions through closing time every business day.
PLUS, we'll give you a credit of up to $100 toward your first check order and Free Checking for all of your employees!
It's all about making your banking simple. Because simple banking is better banking. And Better Banking Begins Here.
*This offer good for new Business Freedom accounts only. Free personal checking account is Nantahala Free Checking. Cash Management or sweep plans not eligible.
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Business Money Market
Offering the higher returns of tiered money market interest rates, this account also gives your business the flexibility and convenience of a checking account.
• $1,000 to open
• Interest paid on daily collected balances
• Tiered interest rates that increase with your balances
• Free checks
• Federal regulation limits third-party or preauthorized transfers or transfers made by telephone or personal computer to six per statement cycle, no more than three of which may be by check, draft, or debit card; excessive fee $5 each
• Unlimited over-the-counter withdrawals
• No monthly service charge with a $1,000 minimum balance; otherwise $10
Business Relationship Money Market
We took our regular Money Market and made it even more rewarding for those who have a relationship with our bank and maintain balances of $25,000 or higher.
• $25,000 to open
• Interest paid on daily collected balances
• Tiered interest rates that increase with your balances
• Free customized checks • Federal regulation limits third-party or preauthorized transfers or transfers made by telephone or personal computer to six per statement cycle, no more than three of which may be by check, draft, or debit card; excessive fee $5 each
• Unlimited over-the-counter withdrawals
• No monthly service charge with a $25,000 minimum balance or a checking relationship with $2,500minimumbalance or a $5,000 combined relationship in other accounts; otherwise $25
Certificates of Deposit
Our FDIC-insured CDs are available in a variety of terms, all with affordable minimum balances. Whether you have short- or long-term investment goals, we have a CD to help you achieve them.
• $500 to open
• Terms from 3 to 60 months
• Interest compounded daily and may be added back to the CD or deposited to another Nantahala account
• Automatic renewal option available
• Penalty for early withdrawal
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Loans and Lines of Credit
Every successful business needs a reliable source of capital, and Nantahala can provide the financing you need for ongoing operations, expansion and other business purposes. Whether short-term or long-term, secured or unsecured, we have the flexibility to structure loans and lines of credit according to your specifications. Lending areas include:
• Capital acquisition or improvements
• Working capital loans
• Construction lines
• Real estate development
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Internet Banking/Bill Pay
Instead of making trips to the bank, our free Internet Banking service enables you to do your banking at any time simply by logging onto your computer. With a few quick keystrokes you can:
• Check account balances
• Transfer funds between accounts
• See the latest activity on your account
• View posted transactions
• Take advantage of our optional free Bill Payment service
Merchant Services
If your business accepts credit cards, we can provide assistance in establishing your processing accounts.
Night Deposit
Our Night Deposit service offers you the convenience and security of making deposits before and after regular banking hours.
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