CHECKING
Whether your company is a business, a professional practice, a farm or a non-profit organization, Timberwood Bank has the resources to help you save time and money by managing your money more efficiently.
Most clients find that Timberwood Bank is the most affordable bank for business accounts. Because we are local, we process your business locally. That also means you have fast access to your deposited funds.
BUSINESS NOW CHECKING (SOLE PROPRIETORS ONLY)
Earn interest on your sole proprietorship checking account by maintaining an average monthly balance of $1,000. Your number of free transactions per month is based on your average monthly balance (see below).
- Interest bearing if average monthly balance is $1000 or greater
- Free transactions (debits, credits, checks, items deposited) based on average monthly balance:
- 0-$4,999.99 150 transactions per month
- $5000-$14,999.99 250 transactions per month
- $15,000 or more 350 transactions per month
- Transactions in excess of free number are .25 each
SMALL BUSINESS CHECKING
A Timberwood Bank small business checking account is designed for most businesses with low to moderate levels of transactions. This non-interest checking account is best for businesses that keep moderate minimum balances and want low fee or no fee checking services.
- $8 maintenance fee if $500 average monthly balance not maintained
- Non-interest bearing
- Same number of free transactions as Business NOW Checking
BUSINESS CHECKING
A Timberwood Bank business checking account is designed to allow businesses to use their balance to "pay for" their banking services. This non-interest checking account receives an earnings credit that is then used to offset most service and transaction fees associated with commercial accounts.
- Analysis account
- Earnings credit based on T-bill rate
- Monthly maintenance fee $12
- Checks/debit .20 each
- Items deposited .10 each
ORGANIZATIONAL CHECKING (NON-PROFIT ORGANIZATIONS)
A Timberwood Bank Organizational checking account allows your non-profit organization to keep a low minimum balance while still earning an attractive interest rate on your deposit.
- Maintenance fee of $5 per month waived if $100 average monthly balance is maintained
- Interest bearing
- 10 free checks or debits per month and $.25 for each additional check or debit
BUSINESS MONEY MARKET ACCOUNT
Our Business Money Market checking account pays interest and offers you the ability to write up to three checks and three preauthorized debits per month. Deposit balances determine interest rates.
- Tiered interest bearing account
See deposit rate schedule
- Excess check/debit fee $5.00
- Available to individuals and businesses
PREMIER E-CORP
You are about to transform your business into a branch office of Timberwood Bank. Whether you are a large corporation with hundreds of employees or a sole proprietor just starting out, Premier E-Corp is designed for you. With some help from the Internet, you will have full service access to your accounts in a completely secure environment. Within your office, you will be able to do everything from reviewing your balances to transferring funds, from processing your payroll file to reviewing your corporate cash handling.
EASE OF USE
If you are comfortable using your Internet browser, you will be comfortable with this business Internet banking product. Premier E-Corp is a dynamic tool for financial management.
SOPHISTICATION
Sophisticated and flexible funds management capabilities allow named client employees to make controlled disbursements, fund transfers including ACH and internal transfers, file transfers including payroll and batch checks, and payments such as tax and loan payments.
FUNCTIONALITY
Corporate clients enjoy greater functionality without jeopardizing security and can establish controls at either the client level or at the financial institution. A review function allows you to access and approve stop payments, fund transfers and file transfers, based on permission controls in the specifications.
SECURITY
Security is extremely important when it comes to your financial matters. Complete privacy, controlled through encryption and passwords, ensures only authorized access to your accounts.
STATE-OF-THE-ART
Premier E-Corp is the most state-of-the-art technology in business banking today! This is not your basic online banking...this is a customized business solution designed to make your business cash management more efficient and grow profitability.
To get started, contact us today!
BUSINESS LENDING SERVICES
AGRICULTURAL LOAN
A Timberwood Bank agricultural loan is designed to meet the day-to-day and long term financing needs of any size or type of farm. Farming has different cash and debt needs and we understand this. Agricultural loans can be a fixed or variable rate with flexible repayment schedules.
AGRICULTURAL REAL ESTATE LOAN
Timberwood Bank offers several mortgage loan options for the purchase of agricultural real estate, which allows us to meet all agricultural needs. Agricultural real estate loans can be a fixed or variable rate with flexible repayment schedules.
COMMERCIAL LOAN
Timberwood Bank offers commercial loans to any business for virtually any type of business need. Customers include most moderate to large sized businesses and industrial firms looking to finance equipment purchases, accounts receivables and inventory expansion. Commercial loans can be a fixed or variable rate with flexible repayment schedules.
COMMERCIAL REAL ESTATE LOAN
Timberwood Bank offers several mortgage loan options for the purchase of commercial real estate, which allows us to meet the specific needs of almost any business. Commercial real estate loans can be a fixed or variable rate with flexible repayment schedules.
SMALL BUSINESS ADMINISTRATION LOAN
Timberwood Bank offers business loans that are guaranteed by the Small Business Administration (SBA) to companies who have loan requests that might not be approved using traditional bank lending guidelines. Through the SBA we provide capital and operating funds at fixed or variable rates.
OTHER SERVICES
Community Event Announcement
Do you have a community event coming up? Timberwood Bank is happy to share our outdoor display sign to help spread the word. Just complete the Community Event Application and return to Timberwood Bank. Each application is subject to approval by Timberwood Bank.
Telephone Banking
Timberwood Bank's 24-hour telephone banking service is available free to all our customers. Make transfers, find account balances, and see which checks have cleared your account all from the touch of a button.
BillPay Services
Tired of writing out checks for every bill that crosses your desk? Sign up for business bill pay and with the click of a mouse you can pay any bill. Bill Pay saves you time and money, reducing the amount of paperwork you have.
ATM and Debit Cards
For added convenience, Timberwood Bank provides you with a debit or ATM card with your checking or savings account to allow you 24-hour access to your money.
Credit Cards
Get all of the advantages of a MasterCard through Timberwood Bank's MasterCard program. You can expect excellent rates and fair terms. Stop inand apply today!
