- Commercial Checking
- Business NOW Checking
- Economy Checking
- Genesis Checking
- Commercial Savings Account
- Commercial Money Market Account
Kent Bank Commercial accounts recognize the significant cash flows, deposit frequency and unpredictable check writing volumes that occur in business.
Because of the volumes, our Commercial Account strives to simplify banking and mitigate the cost by providing business owners and managers with in-depth analysis of their checking accounts. There is no minimum balance required. Kent Bank is pleased to offer these sophisticated accounts at very competitive prices.
You'll receive a monthly hard copy or digital statement that includes photographic images of checks written and a complete summary of all transactions. Kent Bank will provide an 'earnings credit' on your average collected balance that may offset transaction service fees.
Of course, on-line banking and unlimited electronic bill-pay services are included. Optional remote-deposit services are available.
As a further accomodation to Commercial Checking Account clients. Kent Bank will also provide no-cost Personal Checking accounts for owners, managers and staff members. All of your business and personal financial information is just a few key strokes away at www.kentbnk.com. -24 hours a day -7 days a week.
Business NOW (Negotiable Order of Withdrawal) Checking Accounts earn interest on balances for accounts owned by Sole Proprietors and certain non-for-profit enterprises.
Typically, Business NOW Checking Accounts are low to moderate volume accounts with balances sufficient to warrant earning interest.
There is no minimum balance required to maintain the account.
There are no fees for "cash" deposited or charges for supplying your business with rolled coins or strapped currency.
You'll receive a monthly hard copy or digital statement that includes photographic images of checks written and a complete summary of all transactions.
Kent Bank will pay a variable rate of interest monthly.
The Business NOW Checking Account includes on-line banking services, unlimited electronic bill-pay services and remote-deposit services (as an extra-cost option).
As a Business NOW Checking Account client, Kent Bank will also provide you no-cost Personal Checking accounts for you and your employees. All of your business and personal financial information is just a few key strokes away at www.kentbank.com - 24 hours a day -7 days a week.
Designed for the Sole Proprietor business manager that maintains balances averaging less than $2,500 a month and fewer than 50 transactions during the statement cycle.
This low-cost, efficient account has the flexibility to meet the needs of small business enterprises with the sophistication of on-line banking, electronic bill-pay and even optional remote-deposit services.
There is no minimum balance required to maintain the account.
There are no fees for "cash" deposited or charges for supplying your business with rolled coins or strapped currency.
You'll receive a monthly hard copy or digital statement that includes photographic images of checks written and a complete summary of all transactions.
As a business banking client, Kent Bank will also provide you no-cost Personal Checking accounts for you and your employees. All of your business and personal financial information is just a few key strokes away at www.kentbank.com - 24 hours a day -7 days a week.
Genesis Checking Accounts were created to accomodate the cash management needs of charitable groups, churches and other not-for-profit enterprises.
The unique characteristics of these organizations require a distinctly different approach to cash management.
Kent Bank Genesis Checking has no monthly maintenance fee and does not require that minimum balances be maintained.
There is no charge for depositing "cash" and we are pleased to provide rolled coin or stapped currency with our compliments. The Genesis Checking Account includes on-line banking services, unlimited electronic bill-pay services and remote-deposit services (as an extra-cost option).
As a Genesis Checking client, Kent Bank will also provide no-cost Personal Checking accounts for your Executives and Directors. All of your business and personal financial information is just a few key strokes away at www.kentbnk.com - 24 hours a day- 7 days a week.
An easy, convenient mechanism for earning interest on unused balances while maintaining daily liquidity.
Only $100 minimum balance is required. There is a $3.00 per month service fee should the balance fall below the minimum. This account includes up to six telephone, on-line banking, or pre-authorized withdrawals per month.
Quarterly Statements are available on-line or as part of your combined statement.
Commercial Money Market Account
Attractive Money Market interest rates make the Kent Bank Money Market Account a valuable addition to your earning asset model.
Only $2,500 is required to open the account and the minimum required balance is just $2,500. There is a $5.00 per month service fee should the average balance fall below the minimum during the month.
Interest rates are variable. Interest is earned on the average collected balance and premium rates are paid for collected balances greater than $25,000. There is no limit on in-person withdrawals, transfers or check withdrawals. This account includes up to six telephone, on-line banking, or pre-authorized withdrawals per month.
Monthly Statements are available on-line or as part of your combined statement.
*Earnings Credit - a credit accumulated to assist in offsetting Service Fees. The monthly earnings credit can be calculated by multiplying
the average collected monthly balance by Kent Bank’s earnings credit rate and then by the number of days in the month divided by 365.
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