Business Accounts

Reliance Bank offers all the business banking products and services you need to ensure the success of your business.

Business Mutual Advantage Money Market Deposit Account
Reliance Bank offers business money market accounts to meet the needs of our business customers.

	$1,000 minimum opening deposit
	$5,000 minimum balance requirement to avoid a $10 monthly service fee
	Check writing ability
	Attractive rates and instant liquidity
	Interest compounded monthly and credited to your account on the last business day of the month
	Not-in-person transactions are limited to six (6) transactions per statement cylce, three (3) of which may be checks
	Statements issued monthly
	Transactions may be conducted online
	24-Hour Telephone and Online Banking
	$5 "Excessive Transaction Fee" per withdrawal over the above stated limitations
	Immediate access is given to cash or ACH deposits to this account

Business Relationship Savings
This account provides a market rate with daily liquidity and allows business to save like individuals.

	$1,000 minimum opening deposit
	$1,000 minimum balance requirement to avoid a $5 monthly service fee
	Monthly statements
	24-Hour Telephone and Online Banking
	Limited to six pre-authorized withdrawals per statement cycle
	Competitive rates and fees
	Immediate access is given to cash or ACH deposits to this account

 

Business/Government Certificates Of Deposit
Reliance Bank offers business/government certificates of deposit to meet the needs of our business customers.

	$5,000 minimum opening deposit
	Competitive market interest rate
	Grace period of 7 days after maturity
	Automatic renewal into like term after grace period, earning a market rate of interest
	Interest may be automatically posted at maturity to a Reliance Bank deposit account

 

Business Relationship Checking
Reliance Bank offers business checking accounts to meet the needs of our business customers.

	Low minimum balances
	Tiered account based on activity
	Unlimited check writing
	Earnings credit provided to off-set monthly charges
	Safekeeping of checks
	Visa Business Debit Card available on accounts with only one signature required
	24-Hour Telephone and Online Banking
	Competitive fees
	Immediate access is given to cash or ACH deposits to this account

Sole Proprietor/Non-Profit Checking
These interest bearing accounts are tailored to meet the needs of the single business owner or non-profit group in mind.

	$100 minimum opening deposit
	$100 minimum balance requirement to avoid a $10 monthly service fee
	Unlimited check writing
	Safekeeping of checks
	Visa Business Debit Card available on accounts with only one signature required
	24-Hour Telephone and Online Banking
	Competitive fees
	Immediate access is given to cash or ACH deposits to this account