Business Checking

We have several money saving Checking Accounts available to help you get the most out of your Business Banking Accounts.

Every Business is unique and has its own specific financial needs that differ from those of other Businesses. With this in mind, we have created three different types of Business Checking Accounts that will satisfy the smallest to the largest businesses and those in between with valuable products, backed up by unbeatable customer service and assistance.

• Free Business Checking Account
• Interest
• Account Analysis
• Optional Business Services
• Business Checking Brochure
• Online Deposit
• Business Debit Card

Stop in today and let us give Your Business the type of Individual attention and service you deserve.

If you have any questions regarding our Business Checking Accounts, please contact us.

The Free Business Checking Account is the perfect no-cost solution for all of those businesses that have fewer than 1,000 transactions* per month.

Features:

• Up to 1,000 Transactions*
• No minimum balance
• No monthly service charge
• $500 minimum deposit to open
• Free Check Card
• 5 Free Online Bill Payments per month
• Free Online Banking
• Images of cancelled checks

*A transaction consists of individually deposited items, checks written and not on us checks deposited.

This account gives you unlimited monthly account activity. You earn a variable rate of interest based on the balance you maintain. It’s a great account for sole proprietors and eligible non-profit entities.

Features:

• Unlimited deposits and withdrawals
• Free Online Banking
• 5 Free Online Bill Payments per month
• Free Check Card
• Full range of business check styles available
• Images of cancelled checks
• Interest paid on account**
• Month - end statements

**Interest is a variable rate, paid monthly and will change at the discretion of the bank.

The account analysis is designed for high check volume companies. Account activity is unlimited. Earning allowance enables you to offset fees with the balances you maintain. This account is great since you’re only charged for the services you require.

Features:

• Unlimited deposits and withdrawals
• Free Online Banking
• 5 Free Online Bill Payments per month
• Free Check Card
• Full range of business check styles available
• Images of cancelled checks
• Month - end statements
• Earnings allowance to offset charges***

***Earnings credit = computed on the average available balance using the previous month average 91 day T-bill rate less .25 percent.

Some of the other services Northwoods Bank has available to Businesses

• Lines of Credit
• Inventory and Receivable Financing
• Equipment Financing
• Commercial Real Estate
• SBA Loans
• Direct Deposit
• 24 Hour Night Depository
• Corporate Mastercard - Visa
• Mastercard - Visa Merchant Accounts
• Financial Planning
• Certificates of Deposits
• Cashier’s Checks
• Wire Transfer Service
• Safe Deposit Boxes
• Automatic Transfers
• Telephone Transfer Line
• Amortization Schedules

How Northwoods Online Deposit Works:
We provide your business with a desktop check scanner. Checks for deposit are scanned and their images are captured on the computer. After verifying the images and balances, everything is transmitted via the Internet and a secure file transfer. Lastly your deposit is credited to your account. It's that fast and simple.

With Northwoods Online Deposit You Can:

• Eliminate the need to drive to the bank to deposit your checks - Saves you time, travel expenses. It also increases employee productivity and customer service.
• Make your deposits sooner and more frequently - Accelerate your funds availability.
• 24/7 Banking - Make check deposits every day of the year, anytime, day or night.
• One bank to serve multiple offices - Maintain a Northwoods Bank relationship regardless of where your office is physically located. From Anchorage Alaska to Zephyrhills Florida and everywhere in between, you can still make deposits at Northwoods Bank, the same as if you were located just down the street.

Northwoods Online Deposit Features:

• Provides automatic rebalancing
• Detects duplicate items
• Provides quick image retrieval and archiving
• Information is protected by secure firewalls and transmits data in encrypted form

To learn more about the convenience and money saving benefits of Northwoods Online Deposit please call 218-732-7221 or 1-800-450-2265.

Business Spending Made Easy!

Simplify your money management:

• All cards are linked to one central account
• Set spending controls for each employee card holder
• Minimize your needs to use personal funds for business needs
• Track each purchase with receipts

Minimize the number of checks you write:

• Funds are automatically deducted from your business checking account
• No more checks
• No wait for check approvals
• Speed up transactions for mail, phone or internet orders with instant card authorization

Save money and available time:

• Reduce the number of checks cut & reduce check processing costs
• Directly oversee each employee's business spending and cash usage

This powerful program can help you save time & money while empowering your employees to make necessary business purchases

Contact us today for more information.