Malaga Bank does not ask for personal information via text message, e-mail or phone. If you receive any of these requests and have provided any personal banking information, please contact your local branch immediately.
Business Accounts
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 Banking Checking Accounts
Our checking accounts offer a Business Debit card(2) , E-Statements, Online Banking with Bill Payer, Mobile Banking and Mobile Deposit.
Business Checking Plus
Sole Proprietors
| $100 minimum to open |
| Write 50 checks. $0.25 each additional check |
| $10 monthly service fee if balance falls below $1,000 during the statement period |
| Earns interest |
| Check imaging |
| Electronic Deposit for Business(1) |
Business Checking
Corporations, LLC, LLP, LP
| $500 minimum to open |
| 25 deposits and/or write 100 checks. $0.25 each additional item |
| $15 monthly service fee if balance falls below $3,000 during the statement period |
| Does not earn interest |
| Check imaging |
| Electronic Deposit for Business (1) |
Community Checking
Non-profit Organizations/Corporations
| $100 minimum to open |
| Unlimited check writing |
| No monthly service fee |
| Earns interest |
| Check imaging |
| Electronic Deposit for Business(1) |
Analyzed Business Checking
| $500 minimum to open |
| Check writing available |
| Monthly Service Fee: $20 per account analyzed |
| Does not earn interest |
| Check imaging |
| Electronic Deposit for Business(1) |
Client Trust Accounts
IOLTA for Attorneys Only
| $100 minimum to open |
| Unlimited check writing |
| $10 monthly service fee if balance falls below $1,000 during the statement period |
| Earns interest |
| 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. |
| Check imaging |
| Electronic Deposit for Business(1) |
1 Ask about pricing.
2 Business Debit Card not offered with Client Trust Accounts.
Savings and Money Market Accounts
Our savings and money market accounts offer E-Statements, Online Banking with Bill Payer and Mobile Banking.
Business Money Market(2)
| $1,000 minimum to open |
| $10 monthly service fee if balance falls below $1,500 during the statement period |
| Earns interest |
| Check imaging |
| Unlimited over the counter withdrawals |
| Electronic Deposit for Business(1) |
Cash Management(3)
| $25,000 minimum to open |
| $15 monthly service fee if balance falls below $10,000 during the statement period |
| Earns interest |
| Unlimited over the counter withdrawals |
| Electronic Deposit Business(1) |
Premier Market(3)
| $500 minimum to open |
| $5 monthly service fee if balance falls below $10,000 during the statement period |
| Earns interest |
| Unlimited over the counter withdrawals |
| Electronic Deposit Business(1) |
Preferred Savings(3)
| $100 minimum to open |
| $5 monthly service fee if balance falls below $200 during the statement period |
| Earns interest |
| Unlimited over the counter withdrawals |
| Electronic Deposit Business(1) |
1 Ask about pricing.
2 6 pre-authorized transfers (including checks, ACH, overdraft, online banking transfers, etc.) allowed per statement cycle. If limit is exceeded, an excess transaction fee of $10 per item will be assessed and/or the account subject to change.
3 6 pre-authorized transfers (including ACH, overdraft, online banking transfers, etc.) allowed per statement cycle. If limit is exceeded, an excess transaction fee of $10 per item will be assessed and/or the account subject to change.
Business Loans
Contact John Tellenbach
Senior Vice President, Chief Credit Officer
jtellenbach@malagabank.com
T 310-544-7800, ext. 2061
Business Loans and Lines of Credit
Loan amounts from $10,000 to $2,000,000 or more.
For business loan requests, contact the Business Loan Department.
Business Revolving Lines of Credit
Used to support short term working capital needs such as payroll, taxes, accounts payable and advertising. Lines of Credit can be accessed by check, telephone, or online transfers.
Business Term Loans
Helps you grow and expand whether you're acquiring a business or building, making tenant improvements, or buying equipment for your business.
Equity Lines of Credit
Allow you to access the equity in your income property or home.
Income Property Loans
Whether on Commercial or Light Industrial buildings, these loans offer great financing terms. Provisions for additional future advances available without making you incur the added cost of refinancing.
Specialty Lending
Offered on Office Buildings, Professional Condos, and new Construction.
Business Banking Services
Malaga Bank offers convenient services to meet your business banking needs.
Online Banking with Bill Payer, E-Statements and Mobile Banking
Malaga Online provides access to your account to transfer funds between your Malaga Bank accounts, track CD balances and maturity dates, make loan payments, advance your line of credit, pay bills and much more.
Whether it’s Bill Payer, E-Statements or Mobile Banking, Online Banking makes managing your finances easier and more efficient.
Use key financial tools!
Download your online statements directly to Quicken and QuickBooks with Malaga Online.
Malaga App
Go Mobile with Malaga Mobile!
The Malaga service you know and love, now in the palm of your hand. Stay connected wherever life takes you. Our mobile app allows you to view account information, pay bills, transfer funds, search account history and more.
Visit the iTunes® App Store or Google Play® to download the Malaga Bank app.
Mobile Deposit for Business*
Snap and Deposit.
A new option to deposit checks for your business is now here. Mobile Deposit for Business is as easy as taking a picture. Deposit checks anytime, anywhere.
*Deposits are subject to verification and not available for immediate withdrawal.
e-ACH
Streamline your banking processes by using e-ACH to create and send ACH batches!
- Use e-ACH to pay employees by direct deposit.
- Deduct funds from pre-authorized accounts for rental income as an example.
Save more time by utilizing recurring batches. Review the history of your e-ACH activity.
Positive Pay
Avoid fraud; use bank services to compare and clear business checks.
Create and upload specific check payment files; the bank saves these for comparison and individual check review. Incoming checks are compared against submitted lists, if a check is not found on the list, it's rejected.
Electronic Deposit for Business
Deposit checks right from your office with no deposit limits!
Eliminate courier costs and trips to the bank. Make deposits 24/7, weekends and holidays included - it's so convenient!