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Dollar Bank - Business Center - Corporate Banking - Deposit Accounts

Dollar Bank - Business Center - Corporate Banking Deposit Accounts

Dollar Bank has developed a variety of deposit accounts to meet the changing needs of your business. Whether you're looking for a checking account with maximum versatility or a savings vehicle with a higher interest rate, we can arrange the combination of deposit accounts that works for you.

Analysis Checking

With an Analysis Checking account, you receive an earnings credit based on the average collected monthly balance in your account. This earnings credit is applied towards the activity and cash management fees incurred on the account and may offset all or part of the monthly fees.

Sweep CheckingSM

Don't spend time estimating available balances or phoning in investment instructions. Let us do the work while you rest assured knowing your excess funds are working to earn interest, yet are available to fund the day-to-day operation of your business.

Our Sweep Checking Account is a completely automated and collateralized overnight service designed to convert your excess cash into interest earning dollars. This service enhances your business checking account by paying you interest on otherwise idle funds while maintaining liquidity.

Each and every business day, Dollar Bank will transfer all collected funds to your investment account. These funds are then invested in overnight Repurchase Agreements.

Funds invested in Repurchase Agreements are not FDIC insured at the time of investment.

Certificates of Deposit

Dollar Bank offers three business CD options. Short Term CDs with maturities from seven days to six months, Business Investment CDs have maturities from six months to 120 months and our 91-Day No Penalty CD includes no penalty for redemption after the first seven days. Each type and term of CD can be opened with a minimum deposit of just $2,500. Put your working capital to work for the period of time that is best for your business.

When you have a Master Agreement on file with us, you can open a certificate with a phone call or online using CashAnalyzer®, our online cash management system. We'll move the funds from your business checking account and mail you a receipt for your transaction. You will also see this transaction on your monthly checking statement.

Each depositor is insured up to $100,000 by the FDIC. And, unlike some uninsured investments, there's never a fee for purchasing a CD.

Money Market Savings

When linked to your business checking account, our Money Market Savings Account allows you to earn interest on your liquid investments and provides the convenience of automatic transfers between accounts.

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Contact Us Today:

Corporate Banking
  PA: 412-261-8849
  OH: 216-736-8938

Small Business Banking
  PA: 412-261-8130
  OH: 216-736-8998

Treasury Management
  PA: 412-261-7597
  OH: 216-736-7358

Dollar Bank Business Representatives are available Monday through Friday from
8:30 AM to 5:00 PM.

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