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Best Free Business Checking | Business Checking | Business Checking with Interest
| Minimum balance |
No |
$500 |
$1,000 |
| Monthly service fee |
No |
Yes** |
Yes** |
| Unlimited check writing |
Yes |
Yes |
Yes |
| Earns Interest |
No |
No |
Yes^ |
| Unlimited online banking |
Yes |
Yes |
Yes |
| Basic Bill Pay service |
Yes |
Yes |
Yes |
| 24-hour Telebanker service |
Yes |
Yes |
Yes |
| Free Notary Public service |
Yes |
Yes |
Yes |
- No minimum balance to open
- No monthly service charge
- Unlimited check writing
- Unlimited internet banking
- Bill Pay Service
available
- Unlimited TeleBanker Service
- Free notary services
*Truncation of checks required
- $500 minimum balance to avoid monthly service fee
- $5.00 monthly service fee plus $.15 fee for each debit or credit item
- Unlimited check writing
- Unlimited Internet banking
- Bill Pay Service available
- Unlimited TeleBanker Service
- Free notary services
- $1,000 minimum balance
- $5.00 monthly service fee if below minimum balance plus $.15 Fee for each debit or credit item
- Interest paid monthly on collected balance greater than minimum
- Unlimited
Internet
banking
- Bill Pay Service available
- Unlimited TeleBanker Service
- Free notary services
Valley Bank is here to help you with all of your business needs, including one of your
biggest headaches - returned checks.
Valley Bank's electronic check recovery service, Re$ubmitIt® significantly reduces the
burden of collecting funds from NSF checks, while potentially doubling your recovery rate. You
collect more returned checks and get 100% of the face value of all checks that are collected
electronically!
How Does Re$ubmitIt Work?
The Re$ubmitIt electronic check recovery service handles the collection process discreetly and
electronically from beginning to end, via the Automated Clearing House (ACH) network for representment
directly to the check writer's bank account.
- Recovers 100% of the
face value of all checks
collected electronically
- Increases collection rates
- Recovers items more
quickly
- Reduces cost of manual
processing
- Provides collection status
24/7 via the Internet
- Allows you to focus on
serving customers, not
collections
- Returned checks are sent from Valley Bank to
Re$ubmitIt, where they are converted into electronic items.
- The electronic check file is processed and strategically timed
for re-presentation to the check writer's bank account for
collection. Presenting checks at proven 'time slots' improves
the chance of collection.
- If the item is not recovered on the first electronic
re-presentment, it is re-cued for a second electronic
re-presentment (third total). If this third presentment fails,
the check will be sent to Re$ubmitIt's FREE secondary
collections, or the check can be sent back to you.
- Upon settlement, 100% of the face value of the check
is reimbursed to you automatically. The check writer's
account is charged a state-regulated collection fee to cover
the cost of collection.
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