DEPOSIT SERVICES | COMMERCIAL
Monument Bank's Conveniencel Banking Solutions
Cash Management Services :: Commerical Online Banking :: Remote Deposit Services
Secure, Scalable, and Flexible
- Entrepreneur Checking
- Commercial Analysis Checking
- Non-Profit Checking
- Monumental Non-Profit Interest Checking
- Commercial Interest Checking Account
- Zero Balance Account
- Interest on Lawyer Trust Accounts (IOLTA) DC, MD, VA and DE
- Maryland Affordable Housing Trust Account (MAHT)
- Escrow Fund Manager Checking Account
- Commercial Money Market Account
- Commercial Savings Account
- Business Certificates of Deposit
- CDARS
(Certificate Deposits Account Registry Service) - Other Banking Services
Entrepreneur Checking
A Checking Account for small businesses with low to moderate account transaction activity. No monthly maintenance fee when a minimum balance is maintained. The first 275 items (checks, deposits, deposited items) free of per item charges. Convenience Banking services are available. Check Images are returned with monthly statement.
Commercial Analysis Checking
A checking account for the active business with high account transaction activity. Maintenance and activity fees are offset by an earnings credit calculated on the account balance. Account(s) can be grouped for service charge and account analysis calculations. Convenience Banking services are available. Check Images are returned with monthly statement.
Non-Profit Checking
A non-interest bearing checking account provided to qualified religious, charitable, and nonprofit organizations with low to moderate account transaction activity. No minimum monthly balance requirement. The first 275 items (checks, deposits, deposited items) free of per item charges. Convenience Banking services are available. Check Images are returned with monthly statement.
Monumental Non-Profit Interest Checking
An interest bearing checking account available to qualified non-profit organizations. No monthly fee if minimum balance is maintained. No per item fees. Convenience Banking services are available. Check Images are returned with monthly statement. Competitive rate of interest paid on entire account balance.
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Commercial Interest Checking Account
An Interest-bearing checking account available to qualified non-profit organizations and sole proprietorships only. No monthly fee if minimum balance is maintained. Per item fee applies to each check paid, each deposit, and each deposited item. Convenience Banking services are available. Check Images are returned with monthly statement. Tiered interest rate pays competitive rate of interest on entire account balance.
Zero Balance Account
Centralize funds in one master operating account. Establish separate zero balance accounts for specific purpose such as payroll, accounts payable, or taxes, and use this account structure to automatically move funds when needed.
Interest on Lawyer Trust Accounts (IOLTA) DC, MD, VA and DE
Interest bearing checking accounts for law firms who hold client funds. Net interest is remitted to the applicable state fund. Convenience Banking services are available. Check Images are returned with monthly statement.
Maryland Affordable Housing Trust (MAHT)
Interest bearing checking account for title insurers, their agents and approved attorneys who hold client trust accounts. Net interest is remitted to Maryland Affordable Housing Trust. Convenience Banking services are available. Check Images are returned with monthly statement.
Escrow Fund Manager Checking Account
This account provides lawyers, title companies, realtors and landlords to manage escrow accounts through a single account. Accounting for individual sub escrow accounts is provided by the Bank. An unlimited number of individual sub accounts can be opened under a single Escrow Fund Manager Checking Account. Year-end 1099's are prepared for each individual sub-account and each sub-account is separately FDIC insured.
Commercial Money Market Account
An interest bearing investment account available to all commercial entities. No monthly maintenance fee if minimum balance is maintained. Tiered interest rate pays competitive rate on entire account balance. Limited check writing and withdrawal ability (as defined by Regulation D). Excess withdrawals are charged a fee. Convenience Banking services are available. Check Images are returned with monthly statement.
Commercial Savings Account
Interest bearing savings account available to all commercial entities. No monthly maintenance fee if minimum balance is maintained. Limited withdrawal ability (as defined by Regulation D). Excess withdrawals are charged a fee. Convenience Banking services are available.
Business Certificates of Deposit
A number of investment terms are available to commercial customers.
» View Rates
CDARS (Certificate Deposits Account Registry Service)
One Bank. One Rate. CDARS provides you access to multi-million dollar FDIC insurance coverage by working with just one Bank. Monument Bank facilitates your deposit into the CDARS program in denominations under the FDIC insurance limits. You receive written confirmation of your deposits and a listing of all of your CDs directly from Monument Bank.
For more information, download our CDARS brochure (pdf).
Other Banking Services
- Night Deposit
- Bank by Mail
- Safe Deposit Boxes
- Cashier's Checks
- American Express Travelers Cheques/Card
- American Express Gift Cheques/Card
- Notary Service
- Courier Service
