Small Business
Business Banking
Free. It's the Price of Doing Business.
Whether you have low or high transaction and deposit activity, Union Savings Bank has set out to simplify banking for you! We offer no-fee checking, savings, debit and credit cards.
Free Small Business Checking
The foundation of your business relationship with us doesn't have to be full of little fees:
- No monthly fees
- No per item fees
- No per check charges
- No transaction fees or limitations
Free Small Business Checking applies to basic checking services; Cash Management services have additional service fees and charges; new business accounts only; conversion from existing business checking accounts not eligible.
Preferred Business Savings Account
This versatile account is designed to help your business savings grow while providing flexibility and safekeeping. The FDIC insured account protects your funds yet allows you easy access and liquidity.
- No limit on the number of cash withdrawals made in person, by mail or with your ATM cards.
- Tiered interest rate increases with your balance.
- No minimum balance requirement.
Business MasterMoney Debit Card *
It could be the only card you need - an ATM card for regular transactions, plus a debit card for purchases anywhere MasterCard is accepted:
- Buying power of $5,000 a day
- Makes recordkeeping easier as every purchase is listed on your monthly statement
* Subject to Approval
Health Savings Accounts (HSA)
HSAs are an innovative way to help mitigate the effects of rising healthcare costs on your business and your employees. They combine a qualified High Deductible Health Plan (HDHP) with a savings account, and work together to cover routine and unexpected medical expenses. Benefits include:
- Lower health insurance premiums for your employees
- Lower gross payroll and payroll taxes for employers
- Ability to attract and retain employees by offering a valuable benefit
- Simple to start up and administer savings Accounts (HSA)
- Learn more
Not everyone will qualify for a Health Savings Account. Please see an USB customer service representative for more information. All offers subject to change at anytime without notice.
Free IOLTA (Interest on Lawyers Trust Account)
Specifically for law firms, this account lets your firm hold client funds in an interest bearing account as part of your state's program and the rule governing holding client's funds. USB remits interest earned to state IOLTA committees or state bar foundations, resulting in less record keeping and greater convenience for your firm. There is no minimum balance or monthly service charges, and you enjoy a highly-competitive interest rate.
Business Night Deposit
Night Depository (Night Drop) service is provided to our business customers, as just another way we provide convenience with banking.
- Make deposits after banking hours.
- Secure funds in the bank's depository vault instead of holding the funds overnight or over the weekend.
- To learn more, contact the branch in which you will conduct your deposit drops.
$1 minimum opening deposit required for Preferred Business Savings Account.
For more information, contact your local branch or :
David Oliver
VP, Commercial Lending & Small Business Services
880-626-7708
doliver@unionsavings.com
Gina Scherbner
VP, Small Business Development Officer
gscherbner@unionsavings.com
860-626-7717
