Merchant Services

The most important aspect of managing your business is your time.

Don’t let trying to manage every aspect of your business stand in the way of progress. Our Merchant Services suite is designed to give you back the time you need for growth and success.

For savvy business owners, offering multiple payment options is a must. Your customers need to be able to pay how, when and where they want. Alma Bank Merchant Services are provided by Clover Systems - they empower you to accept nearly every type of payment: in-store, by phone, online or via mobile device. From the Clover mini, Clover Go, and the Clover-flex hand-held device to the power of Clover Station, our Merchant Service solutions go far beyond simple credit card processing. Consider the following:

• One rate for all swiped transactions
• Funds available the next day
• 24/7 Support

Give yourself the Alma Advantage today.
Call or stop by one of our 12 branches to discuss your merchant services needs.
718.267.ALMA (2562)

+This offer is valid from 07/01/2023 through 09/30/2023. The cash bonus is available only for new Alma Bank Merchant Services customers that have not had an active Merchant Services account utilizing the Alma Bank and Fiserv (Clover) partnership within six months prior to opening the new Merchant Services account. To qualify, customers must maintain an active Merchant Services account with Alma Bank and the associated Business Checking account must maintain a minimum average daily balance of $5,000.00. To receive the $500 cash bonus, all terms and conditions must be met for 91 consecutive days from the date the Merchant Services account is fully opened. The cash bonus will be deposited into your Merchant Money Market account within 30 days after all requirements are met. Bonus is considered interest income and may be reportable to you and the IRS on Form 1099-INT. Please consult your tax advisor regarding your specific situation. Offer is good for one-time use.

*APY (Annual Percentage Yield) is accurate as of 07/01/2023. APY is 5.00% for that portion of your average daily balance that is greater than $0.00 but less than $1,000,000.01. APY is .20% for that portion of your average daily balance that is greater than $1,000,000.00. Disclosed APY is guaranteed for six months from date of account opening. Rates are subject to change. A minimum opening deposit of $1,000.00 is required. To qualify, customers must maintain an active Merchant Services account with Alma Bank and the associated Business Checking account must maintain a minimum average daily balance of $5,000.00. The disclosed rate is available only for new Alma Bank Merchant Services customers that have not had an active Merchant Services account utilizing the Alma Bank and Fiserv (Clover) partnership within six months prior to opening the new Merchant Services account. This offer is valid from 07/01/2023 through 09/30/2023. Fees may reduce earnings. Other terms and conditions apply. Contact an Alma Bank employee for further information about applicable fees and terms. FDIC insured.

**Promotional offer expires September 30, 2023. This offer is available for qualified Alma Bank Merchant Services customers who have not had a Merchant Services account processed by First Data Merchant Services LLC within six months. New accounts are subject to standard credit approval and underwriting requirements. Merchant must meet the minimum annual processing volume and must be credit approved between 7/1/2023 and 9/30/2023. Account credit will be in the form of an ACH payment to the merchant’s deposit account that will be initiated within 60 days after the date the merchant’s account is activated. Merchant account must be activated within 30 days of approval. Amount of account deposit based on merchant’s annual processing volume: Annual processing volume over $750,000 = $750 credit, annual processing volume $500,000 to $749,999 = $500 credit, annual processing volume $250,000 to $499,999 = $250 credit, annual processing volume $100,000 to $249,999 = $100 credit. Only one offer per eligible business. Offer cannot be combined with any other offer. Offer subject to change without notice. Merchant Services products and services are provided by First Data Merchant Services LLC. Early termination fee applies. Terms and conditions apply.

Use of the Clover platform requires a Merchant Processing Agreement. Apps may be provided by Clover or third parties not affiliated with First Data and Alma Bank. Additional fees may apply. Please refer to each Apps terms and conditions for details. All rates and fees subject to change. Terms and conditions apply.

Alma Bank Merchant Services is provided by First Data Merchant Services LLC. Clover point-of-sale products and services are provided exclusively by First Data Merchant Services LLC and Clover Network, LLC and may result in additional costs. Alma Bank is not affiliated with either First Data Merchant Services LLC or Clover Network, LLC.

©2023 Clover Network, LLC. The Clover name and logo are registered trademarks owned by Clover Network, LLC and are registered or used in the U.S. and many foreign countries. Use of Clover requires a Merchant Processing Agreement. All trademarks, service marks and trade names referenced in this material are the property of their respective owners.