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Business Banking

Checking Accounts  (non-interest bearing)      Non-Profit Accounts      Business Checking Checking Accounts (interest bearing)      Now Accounts      MMDA Accounts	Savings Accounts      Passbook Accounts      Statement Savings
Business Loans      Commercial Installment      Real Estate Mortgages      Construction Loans      Letters of Credit	Important Notice

Checking Accounts (non-interest bearing)

Non-Profit Checking - Our non-profit checking accounts are maintenance charge free, require no minimum balance and feature a monthly statement.

Business Accounts - Our business account requires NO minimum balance, has NO per check charges, has NO per deposit charges, features a monthly statement, return of all canceled checks, and are user friendly with a low flat monthly maintenance fee. This account offers the business person an alternative to other high priced business accounts and features the technology required for today's customer.

Business Account Customers can also "direct deposit" payroll for their employees to accounts at the Bank of Richmondville and by ACH at other accepting institutions.  This direct deposit service is convenience at its' best and at a low cost.  

Our customer service representatives are always available to discuss this beneficial service with.

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Checking Accounts (interest bearing)

MMDA - This account pays a competitive rate of interest, features a monthly statement with canceled checks, all with NO per check or per deposit fees. Monthly maintenance charges can be avoided by maintaining a low minimum balance of $1,500. The normal Money Market Deposit Account transaction restrictions apply.

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Savings Accounts

Statement Savings Account customers may authorize the Bank of Richmondville to make transfers in whole dollar amounts, from their statement savings account to their checking account, when necessary, to cover overdrafts to their account.  The fee assessed per entry for this service is $3.00 per transfer.

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Business Loans

The Bank of Richmondville offers a wide variety of commercial loans and mortgages are available to fit your business financing needs.

Commercial Installment Loans - Fixed term business loans can assist your company with one time expenditures and long term financing. Our Installment Loan program can be used to make an investment in capital improvements or to offset long term receivable.

Real Estate Mortgages - Business is the key to the growth of our area, and we are proud to play an important part in that growth. The Bank of Richmondville empowers businesses to grow and expand markets, to open new stores and remodel older ones. With a Bank of Richmondville Commercial Real Estate Loan, your business will have the funds you need to meet your goals.

Construction Loans - Please contact our loan department to discuss your construction loan needs.

Letters of Credit - The Bank of Richmondville offers its commercial clients the added benefits of Letters of Credit allowing you to take receipt of goods and services in advance of payment.

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IMPORTANT NOTICE

Due to a change in regulations requiring all financial institutions to improve security measures, the Bank of Richmondville will request information (ie. photo ID) from you to verify your identity prior to opening any type of account. We sincerely apologize for any inconvenience this may cause but trust you understand the need for such measures.

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Bank of Richmondville © 2007