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Business Banking

Bank of Bolivar offers a wide variety of services specifically designed for businesses, both small and large. From helping you choose the right account for your business to managing a small business loan, working together we can make your business grow.

Preferred Partners Checking
  • A demand deposit account for employees of our preferred business partners.
  • Direct Deposit is available.
  • Payroll, dividend, interest, pension or other payments of this type can also be directly deposited.
  • Overdraft privileges available.
  • $100 deposit opens this account.
  • Free ATM/Debit Card.
  • Choose from a variety of accounts.
  • Complimentary "image" checks.

 

Commercial Checking Account
  • $5.00 monthly service charge.
  • .08 each debit, .08 each credit and .08 each deposited item.
  • You will receive an earnings credit based on the average collected balance in the account and calculated at a rate based on the 91-day T-Bill. Charges to you can be offset completely by maintaining a sufficient average collected balance.
  • Descriptive monthly statement with images of checks returned.
  • Free bill pay is available online.
  • Options available with fee:
    • Cash Management - $20.00 per month online access fee covers 4 accounts & 2 users. $3.00 charge for each additional account. $6.00 for each additional user.
  • Business Debit Card available.

 

Business Interest Checking Account

  • Available to sole proprietors, certain not-for-profit organizations, and Government entities.
  • $7.50 service charge if the average daily balance falls below $750.
  • After 15 debits, 15 credits and 30 deposited items, charge is .10 per item.
  • Monthly descriptive statement with images of checks returned.
  • Options available with fee:
    • $20.00 per month online access fee covers 4 accounts & 2 users. $3.00 charge for each additional account. $6.00 for each additional user.
  • Free bill pay is available online.
  • $100 deposit will open this account.

 

Exchange Account
  • 1031 Business Money Market Account.
  • Earn interest on proceeds when exchanging real estate.
  • $1000 minimum balance required to waive monthly service charge of $10.00.
  • After 30 deposited items, charge is .12 per item.
  • Monthly descriptive statement with images of checks returned.
  • Limited to 6 transfers of which only 3 can be checks per statement cycle.
  • $1000 deposit will open this account.
  • Interest rate varies according to the following tier levels:
    • $1000 - $24,999.99
    • $25,000 - $49,999.99
    • $50,000 and above

 

 

Reserve Sweep Account

The Reserve Sweep Account is a checking account combined with an investment service. Eligible checking account funds in excess of a designated amount ($10,000.00) are invested in a Funds Management Money Management Corporation. The "sweep" occurs at the end of posting each night. If there are funds your checking account in excess of $10,000.00, a sweep is made to the Reserve Management account. If there is a deficiency at the end of nightly processing, funds sweep back from the Reserve Management account to bring your balance back to $10,000.00.

  • $50.00 monthly service charge.
  • Monthly statement listing all transactions.
  • Variable rate of interest subject to change.
  • Enables a business to earn interest on all their idle funds.

 

Business Money Market Account
  • $1000 minimum balance required to waive monthly service charge of $10.00.
  • After 30 deposited items, charge is .12 per item.
  • Monthly descriptive statement with images of checks returned.
  • Limited to 6 transfers of which only 3 can be checks per statement cycle.
  • $1000 deposit will open this account.
  • Interest rate varies according to the following tier levels:
    • $1000 - $24,999.99
    • $25,000 - $49,999.99
    • $50,000 and above

 

 

Merchant Card Services

This service enables retail merchants to take credit card and debit card transactions. It saves on check expense with debit card and you get immediate authorization that funds are available for both credit and debit card purchases.

Offered by Bank of Bolivar through TSYS Merchant Solutions.

 

Business Loans

As your community bank, BOB knows and understands our market. We know that every business's success adds to the community as a whole. We offer all types of commercial loans. Whether you're starting a business or looking to expand, we have the most competitive rates around and we're committed to helping you achieve your financial goals. Come in and see one of our experienced loan officers to get you started and work with you every step of the way.

 

Remote Deposit Capture

Businesses which handle large numbers of checks will benefit from BOB's Remote Deposit Capture program.  Upon purchasing one affordable, convenient scanning device which easily fits on any desktop, you can deposit check directly into your account without leaving your office!

Remote Deposit Capture saves you and your business gas, time, and money!  And you get greater peace of mind in the security that comes from keeping your original checks in-house.  Contact any of our Customer Service Representatives from more details on this innovative deposit solution and to arrange a free demonstration. 

 

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