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Business - Banking



SmallBusinessBanking
We know every decision you make is an important one.  Working together, we can design programs to complement the financial needs of your company.  Achieving financial prosperity is your goal; helping you reach your fullest potential is our goal.  

Our sophisticated suite of banking tools provides for complete customization and flexibility to manage your business and your cash flow.  Features like: Balance and Detail Transaction Reporting, Account-to-Account Transfers, Direct Deposit of Payroll, Wire Transfers, On-screen Check Images, Bill Payment; and account-level user authorizations are a few examples of the activities you can employ.  

Detailed information on fees and restrictions will be available upon request by calling our Customer Service representatives at (718) 267-ALMA (2562). You may also stop by any of our branch locations near you during normal business hours.

 

Checking Accounts

 

Flexible Checking
Running a business is hard work, that’s why we’re happy to lighten the load. Ideal for start-ups and small businesses with limited transactions, Flexible Checking makes it easier to manage your money with minimal commitment. As close to free as you can get, Flexible Checking requires no maintenance fees and no charges on up to 150 processed items per month—it truly is the most flexible way to bank.

 

Small Business Checking
Your business is our business, that’s why starting a Small Business Checking account with Alma Bank is a partnership that gives you a banking edge. Perfect for businesses that maintain a small average balance, the Small Business Checking account allows for up to 300 free withdrawals and deposits per month. Monthly fees are waived with a maintained balance of $5,000.00—or an existing relationship with Alma Bank of $100,000.00 or more.

 

Enterprise Checking
Alma Bank thinks big when it comes to business, and our Enterprise Checking option is just the account for businesses that think the same way. If your business carries higher average monthly checking balances and makes many monthly transactions, Enterprise Checking is the account for you. Monthly fees are waived with a maintained balance of $10,000.00—or an existing relationship with Alma Bank of $1,000,000.00 or more.

 

Analysis Checking
Businesses come in all shapes and sizes, that’s why Alma Bank offers Analysis Checking, a cost-effective account for businesses with high checking balances and greater banking-service needs. Make sure to ask an Alma Bank personal banker if Analysis Checking is right for you.

Contact your local branch for more details & pricing.

 

 

Business Money Market
This is a tiered variable rate account with limited check writing privileges and low minimum balance requirement. The interest rate and annual percentage yield (APY) may change without notice. Daily balance less than $1,000.00 will not earn interest or annual percentage yield. To obtain the annual percentage yield disclosed, you must maintain a minimum daily balance of $1,000.00. We use the daily balance method to calculate interest on this account. This method applies a daily periodic rate to the balance in the account at the end of each day. We credit interest monthly on the day the statement closes on a 365/365 basis (366/366 in leap years.) Interest begins to accrue on the business day you make a deposit. Fees may reduce earnings.

Detail information on fees and restrictions will be available upon request by calling our Customer Service representatives at (718) 267-ALMA (2562). You may also stop by any of our branch locations near you during normal business hours.

Click here for Rates & APYs

 

IOLA

This is a tiered variable rate account with no minimum balance requirements. The interest rate and annual percentage yield (APY) may change without notice. We use the daily balance method to calculate interest on this account. This method applies a daily periodic rate to the balance in the account at the end of each day. We credit interest monthly on the day the statement closes on a 365/365 basis (366/366 in leap years.) Interest begins to accrue on the business day you make a deposit.

Detail information on fees and restrictions will be available upon request by calling our Customer Service representatives at (718) 267-ALMA (2562). You may also stop by any of our branch locations near you during normal business hours.

 

 

Certificate of Deposits Accounts

Business Certificate of Deposits
This is a fixed rate and fixed term account. The interest rate and annual percentage yield (APY) remain constant for the term of the account based on the corresponding term and balance. Alma Bank offers terms – 1 month, 3 months, 6 months, 9 months, 1 year, 2 years, 3 years, 4 years, and 5 years. We use the daily balance method to calculate interest on this account. This method applies a daily periodic rate to the balance in the account at the end of each day. The interest on Time Deposit Accounts will be credited monthly on 365/365 basis (366/366 in leap year.) Interest may be paid by adding back to the principal, transfer to your deposit account, by check or via ACH to your account at another financial institution. To obtain the annual percentage yield disclosed, interest earned prior to maturity date must remain in the account. All Time Deposit Account will automatically renew at the same terms at the current available rate in effect on the account’s maturity date. There is a ten-day (calendar day) grace period, which begins the day following the maturity date.

Early Withdrawal penalties may apply if you decided to close your Time Deposit Account prior to maturity date or after grace period is over. Detail information on fees and restrictions will be available upon request by calling our Customer Service representatives at (718) 267-ALMA (2562). You may also stop by any of our branch locations near you during normal business hours.