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Treasury to End Over-the-Counter Sales of Paper |
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BUSINESS BANKING |
Why have a Business Banking Relationship with Malaga Bank?
Your business is unique, and you need a banker who understands your business and your financial structure. Our business bankers work with you to realize and achieve your business' financial goals. You'll have the peace of mind knowing that we are here to take the guess work out of business banking so you can get back to work.
Choose from a variety of Business Products and Services; from checking accounts to loans and lines of credit, our business bankers are accessible to answer your questions and meet your individual financial needs.
Business Accounts
| Accounts | Minimum Opening Deposit | Check Writing | Monthly Service Charge | Interest | Image Checks | Limitations | Account Features |
|---|---|---|---|---|---|---|---|
| CHECKING PRODUCTS | |||||||
| Business Checking Plus Sole Proprietors |
$100 | Yes | $10 if balance falls below $1,000 during the statement period. | Yes | Yes | 50 items per deposit; and/or write 50 checks. $.25 per item excess charge |
Debit Card E-Statements Online/Mobile Banking Bill Payer Electronic Dep Business+ |
| Business Checking Corporations, LLC, LLP, LP |
$500 | Yes | $15 if balance falls below $3,000 during the statement period. | No | Yes | 25 deposits, 200 items per deposit; and/or write 100 checks. $.25 each additional item |
Debit Card E-Statements Online/Mobile Banking Bill Payer Electronic Dep Business+ |
| Community Checking Non-profit Organizations Non-profit Corporations |
$100 | Unlimited | None | Yes | Yes | None | Debit Card E-Statements Online/Mobile Banking Bill Payer Electronic Dep Business+ |
| Analyzed Business Checking | $500 | Yes | $20 per account analyzed. | No | Yes | Refer to Schedule of Fees | Debit Card E-Statements Online/Mobile Banking Bill Payer Electronic Dep Business+ |
| Client Trust Account IOLTA - Attorneys only |
$100 | Unlimited | $10 if balance falls below $1,000 during the statement period. | Yes | Yes | Service charge is done through quarterly analysis. Interest, minus permissible fees, is paid to the state program. Attorneys are responsible for fees that the state program does not permit to be paid from the interest. | Online/Mobile Banking E-Statements Bill Payer Electronic Dep Business+ |
| Business Money Market | $1,000 | 6 checks per statement period | $10 if balance falls below $1,500 during the statement period. | Yes | Yes | Limit of 6 third party transfers, of which 6 may be by check, or pre-authorized withdrawals. If limit is exceeded an excess transaction fee of $10 per item will be assessed. | ATM card Online/Mobile Banking E-Statements Bill Payer Electronic Dep Business+ Unlimited over the counter withdrawals |
| SAVINGS PRODUCTS | |||||||
| Cash Management | $25,000 | N/A | $15 if balance falls below $10,000 during the statement period. | Yes | N/A | Limit of 6 third party transfers or pre-authorized withdrawals. If limit is exceeded an excess transaction fee of $10 per item will be assessed. | ATM card Online/Mobile Banking Bill Payer E-Statements Electronic Dep Business+ Unlimited over the counter withdrawals |
| Premier Market | $500 | N/A | $5 if balance falls below $10,000 during the statement period. | Yes | N/A | Limit of 6 third party transfers or pre-authorized withdrawals. If limit is exceeded an excess transaction fee of $10 per item will be assessed. | ATM card Online/Mobile Banking Bill Payer E-Statements Electronic Dep Business+ Unlimited over the counter withdrawals |
| Preferred Savings | $100 | N/A | $3 if balance falls below $200 during the statement period. | Yes | N/A | Limit of 6 third party transfers or pre-authorized withdrawals. If limit is exceeded an excess transaction fee of $10 per item will be assessed. | ATM card Online/Mobile Banking Bill Payer E-Statements Electronic Dep Business+ Unlimited over the counter withdrawals |
+ Ask about pricing. For discussion purposes only; complete disclosures provided at account opening
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Business Loans
Business Loans and Lines of Credit
Loan amounts from $10,000 to $500,000. Get started now, Loan Application Package
Business Revolving Lines of Credit
Used to support short term operating needs such as payroll, taxes, accounts payable and advertising. Also helpful in funding employee pension plan contributions. Lines of Credit can be accessed by check, telephone, or online transfers.
Business Term Loans
Help you grow and expand whether you're acquiring a business or building, making tenant improvements, or buying equipment or a car for your business.
Lease and Loan Consolidation
Helps manage business expenses more effectively.
Equity Lines of Credit
Allow you to access the equity in your income property or home.
Small Business Administration (SBA) Lender
Small business loan programs guaranteed by the SBA are designed to help your business grow and prosper.
Special Purpose Property Loans
Offered on Office Buildings, Professional Condos, and new Construction.
Income Property Loans
Whether on Commercial Buildings or Light Industrial, these loans offer great financing, along with provisions for additional advances in the future - without making you incur the added cost of refinancing.
Business Banker
John W. Turner
VP, Business Banking Manager
310-544-7800 x2059
