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Business Deposits

Business Checking

 

For some 90 years, we've been committed to serving our local business community for their deposit account needs by offering low-cost, full-service checking accounts as well as high yield business money market accounts, and certificates of deposit.  Opening an account with us is Quick and Easy - you can open by mail, by calling our Personal Banking Departement at (315) 797-2700 ext. 264, or apply online and start earning interest today!

Our accounts have no gimmicks or fine print!

We pride ourselves on utilizing the latest technologies to offer you the most convenient and cutting-edge services, including:

 
  • Remote Deposit Capture

    Deposit checks into your account right from your office simply by scanning the checks and sending us the images electronically

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  • Online Banking

    Make transfers and view your balance, deposits, checks, statements and more using our simple and secure online site

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  • 24-Hour Telephone Access

    When you can't go online, simply call 797-2710 to access balances, find checks paid and deposits posted, and make account transfers

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  • ACH Origination

    Create and send us ACH files so you can offer your employees direct deposit of their pay, collect accounts receivable, or automatically make other payments such as pension and dividends

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  • QuickDraw® Visa Debit Cards

    Monitor employee usage of company funds with our safe and secure Visa Debit card

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  • Image Statements

    View scanned images of your deposited checks with these monthly statements

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  • Searchable Statements

    Receive a searchable DVD with images of your monthly statements, checks, and deposited items

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  • Account Reconciliation

    Provide us with a list of your issued checks and we'll automatically reconcile your checking account every month by matching them against checks presented for payment and sending you an end-of-month report—you'll know just where you stand and feel assured your account is accurate

    As you transfer information to us of the checks you have issued, we will compare this against checks being presented for payment. If a check is presented that you did not issue, we will notify you and determine whether this is a legitimate or fraudulent item

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  • Merchant Services

    Eliminate phone calls and paperwork when you process Internet and phone orders with our credit and debit card authorization program that's easy to use, quick and offers 24-hour support.

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Small Business Checking

We understand that starting a business is challenging and we have an account that is designed to help you.

  • No annual fees
  • No minimum balance required
  • No monthly maintenance charge
  • 200 items per month - Free
  • 0.25 per item after
  • No fee for ACH transaction*
  • Free Online Banking, Bill Payment & Mobile Banking

*ACH items are included in the monthly item count. Fees for special services apply. This account does not earn interest. Limited to one checking account per business entity. Existing customers are eligible.

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Business Checking

We provide you with a low cost, full service checking account which offers you the convenience of conducting business in a variety of ways.

  • No annual fees
  • No minimum balance required
  • Monthly maintenance charge $7.50
  • Each check paid .16
  • Each deposit ticket .25
  • Each check deposited .12
  • Earn Interest or Earnings Credit*
  • Free Online Banking, Bill Payment & Mobile Banking

*Interest bearing checking accounts are available anyone including: corporations, LLCs, partnerships, LLPs, PCs and realty trusts sole proprietorships, company pensions, fiduciaries, and certain tax exempt special service organizations (ones that sell their services such as medical and private care facilities) or non-profit membership organizations (such as unions). Service charges are calculated monthly according to our service charge schedule (Understanding Your Deposit Account disclosure) and interest is earned according to current rates. If the charges incurred exceed the interest earned, then the difference is debited from the account. If the interest earned exceeds the charges, the net interest is paid.

Earnings Credit Checking Accounts the same as the above except that instead of earning interest the account receives an earnings credit that we calculate based on Treasury bill rates and the account's average available balance. Against this earnings credit we apply each month's service charges. If the charges incurred exceed the earnings credit, the difference is debited from the account. If the earnings credit exceeds the charges, the difference is not credited to the account as interest. This account might be best chosen rather than the above interest bearing account if it is likely to have more activity, as the earnings credit we give is generally higher than the interest rate we offer.

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Tax-Exempt Checking

If you're a local tax-exempt organization, Bank of Utica offers a special checking account that pays you interest. And, for human service, charitable, philanthropic, cultural, educational, civic, religious, or political organizations, there are no maintenance or activity charges! Three hundred and sixty-two different tax-exempt organizations carry their accounts with us and we provide an enormous range of low and no fee specialized products and services to them. Our long standing experience with tax-exempt organizations allows us to meet all your particular banking needs. All of our accounts have No Gimmicks or Fine Print.

  • No annual fees
  • No minimum balance required
  • No monthly maintenance charge
  • No activity charges
  • Earns Interest
  • Free Online Banking, Bill Payment & Mobile Banking

*Fees for special services apply. For more information, you can view or print our Tax Exempt Human Service Organizations brochure or to open an account call Brian Loughlin, EVP at (315) 797-2700 ext. 242.

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Municipal Checking

We offer municipalities a FREE, high-interest-bearing checking account. This checking account does not incur any maintenance or activity charges. Bank of Utica is large enough to be able to provide more than ample deposit collateral for municipalities at all times.

  • No annual fees
  • No minimum balance required
  • No monthly maintenance charge
  • No activity charges
  • Earns Interest
  • Free Online Banking, Bill Payment & Mobile Banking

*Fees for special services apply. For more information, you can view or print our Tax Exempt Human Service Organizations brochure or to open an account call Brian Loughlin, EVP at (315) 797-2700 ext. 242.

We deal with municipalities of all sizes ranging from the State of New York to small villages and school districts, and we currently have pledged over fifty million dollars in collateral to secure their deposits as needed. Our long standing experience with municipalities, authorities, and other bodies politic allows us to offer an enormous range of low and no fee specialized products and services to meet all your particular banking needs.

Fighting Fraud

Protecting your privacy and identity is paramount to us so we constantly test the security of our computer systems. And our staff has been trained to be vigilant of any suspicious activities. Because we know our customers, we are quick to call you when we see transactions that don't fit your normal banking patterns.

We're one of the few banks that still physically examine checks to verify signatures, dates and amounts. We will take the time to call you and verify payment on large checks presented. We also utilize the latest software to identify changes in your check stock paper, logo or signature. For more details on how we protect you, click here.

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Our Business Banking Deposit Services brochure and disclosures are available for more information. You can also learn how we protect your personal information or watch a helpful video on how to protect your business against Identity Theft.