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Full Array of Commercial
Banking Services:
• Totally FREE Business Checking
• Non-Profit FREE Interest Checking
• Commercial overdraft protection
• Cash management services
• Merchant credit card services
• International financial services
• Personalized commercial banking
Totally
FREE Business Checking*
The perfect account for most businesses!
• No minimum balance
• No monthly service charges
• 500 FREE monthly items^
• Easy-to-balance monthly statement
• FREE return of image checks for easy record keeping
• FREE Online Banking
• FREE MasterMoney™ Debit BusinessCard® available
• FREE foreign ATM transactions†
• FREE UNLIMITED cash deposit processing
• Federal tax payments (EFTPS)
• FREE eStatements
For more information or to open a Totally FREE Business Checking account,
stop by one of our neighborhood offices, contact us or call 617.247.2800.
* Customer purchases checks.
^ Items include cash deposits, deposit items, checks paid, and all electronic
credits and debits (POS and ACH).
^ Additional items over 500 are 15¢ each.
† Surcharge may be applied by the owner of a foreign ATM.
^ Minimum opening deposit is only $10.
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Non-Profit
FREE Interest Checking*
Non-Profit organizations will earn interest on checking dollars!
• Competitive interest
• No minimum balance
• No monthly service charges
• 500 FREE monthly items^
• Easy-to-balance monthly statement
• FREE return of image checks for easy record keeping
• FREE Online Banking
• FREE MasterMoney™ Debit BusinessCard® available
• FREE foreign ATM transactions†
• FREE UNLIMITED cash deposit processing
• Federal tax payments (EFTPS)
• FREE eStatements
* Customer purchases checks.
^ Items include cash deposits, deposit items, checks paid, and all electronic
credits and debits (POS and ACH).
^ Additional items over 500 are 15¢ each.
† Surcharge may be applied by the owner of a foreign ATM.
^ Minimum opening deposit is only $10.
Effective: September 5, 2007 |
|
| Non-Profit FREE Interest Checking Rate |
| |
Interest Rate |
APY* |
| |
0.50% |
0.50% |
*
Annual Percentage Yield
Fees may reduce earnings on account. Need to maintain the minimum balance
to obtain the APY. Interest rates may change after account is opened. |
|
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FREE eStatements
With online banking, your Mercantile Bank account statements are now available online, anytime, at your convenience. With just a few clicks you can:
• Receive your statements sooner - no more waiting for the mail
• Review statements online
• Download and store electronically
• Reduce paperwork - only print out statements you need
• Receive e-mail notices when your new statement is available
• View up to 12 months of statements - including images of
 cancelled checks
eStatements are available free to our customers through online banking
Sign up today!
•If you are already using online banking:
Step 1. Log into your account
Step 2. Click the "Accounts" tab
Step 3. Click "View Statement"
Step 4. Read and accept the eStatements agreement
• That's it! You now have access to your statements online
• Not using online banking?
What are you waiting for? Online Banking is free to our customers. Sign up today!
Electronic
Federal Tax Payment
System (EFTPS Online)
Save time and money by paying all your federal business taxes electronically.
With EFTPS Online you can make a tax payment, review your payment history
and much more. Paying your taxes online is easy, secure and FREE! Click
here to get started.
Commercial
Overdraft Protection
Running a business and managing its finances can require some juggling of
time
and resources. With the Mercantile Bank commercial overdraft protection
program, there's no need to worry about costly bounced check fees.
Funds are automatically advanced to your account when needed, up to
the amount of your approved credit line, all at no annual fee. This overdraft
protection removes some of the stress of conducting business.
Timesaving
Online Banking
When you're busy running your business, our online banking services
allow
you to access your accounts any time of day. Your secure access allows
you to:
• Check account balances
• See which checks have cleared
• Transfer funds between accounts
• Schedule future fund transfers
• View recent transactions
• Make bill payments
FREE Online Banking with FREE Bill Pay.
Community-based
Commercial Lending
As a neighborhood bank, Mercantile takes a keen interest in helping
local
businesses succeed and grow. To help meet the financial needs of community
businesses, we offer a variety of commercial lending products:
|
| Lines of Credit |
Manage your cash flow for seasonal and other
cyclical needs |
Term Loans &
Equipment
Loans |
Financing for expansion or asset acquisition,
with
payment terms tailored to match your cash flow |
| HUD Loans |
Mercantile Bank is one of the only HUD Title
II
approved multi-family project lenders in Massachusetts |
| SBA Loans |
Gain a distinct advantage over your competition. |
Commercial
Real Estate Loans |
Very competitive rates and terms to meet any
financing requirement you may have.
Mercantile also offers construction financing. |
| Taxi Medallion Loans |
Competitive rates and easy repayment schedules
for
purchasing or refinancing City of Boston Taxi
Medallions |
|
For more information or to apply for a commercial loan,
stop by one of our
neighborhood offices, contact us or call 617.247.2800.
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Cash Management Service
Your excess funds can be put to work every night with the Mercantile
Bank
cash sweep program. Excess checking account balances (over your pre-
determined threshold) are automatically swept into your choice of short-term
investment funds overnight and then deposited back in your account. Each
month a summary of your investment account activity is provided on your
sweep account statement.
Investments in the cash sweep program are not FDIC insured,
may lose value and
have no bank guarantee.
Easy-to-use
Business Debit Card
See how convenient our MasterMoney™ Debit
BusinessCard® can be for your business transactions.
The MasterMoney™ Debit BusinessCard® works
like a check
With the Mercantile Bank MasterMoney™ Debit
BusinessCard®, you can enjoy a whole new level of banking and shopping
convenience. Now you can pay for your purchases without cash, checks or credit
cards. At the same time, you have quick, easy access to ATM cash and your
Mercantile Bank checking account 24 hours a day. You get all this with one
amazing card!
Pay for purchases with your MasterMoney™ Debit BusinessCard® anywhere
you see the MasterCard symbol--in millions of locations around the world,
including department stores, restaurants, supermarkets and hotels. Using the
Mercantile Bank MasterMoney™ Debit BusinessCard® is safer than carrying
cash and easier than checks. And unlike credit cards, there are no monthly
bills or finance charges.
With no annual or monthly fees and no transaction fees for debit card purchases
your MasterMoney™ Debit BusinessCard® saves you money.
MasterCard
SecureCode™
MasterCard SecureCode enables you to
approve and sign a purchase receipt
whenever shopping online at a MasterCard
SecureCode merchant.You are protected
since you approve each purchase with your
own private SecureCode.
How does it work?
After you've registered your existing card and created your personal SecureCode
you will be automatically prompted at checkout to provide your SecureCode
each time you make a purchase with a participating online merchant.
Entering your SecureCode during a purchase at a participating online merchant
confirms that you are the authorized cardholder and your purchase is then
completed. If an incorrect SecureCode is entered, the purchase will not be
completed. Without your personal SecureCode, a purchase cannot be completed
even if someone knows your credit or debit card number.
If you have any questions or would like more information please stop by any
Mercantile Bank location or call 617.247.2800.
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Mercantile Bank's
Business Credit Card
Our corporate credit card program, offered by
Mercantile through 5Star Bank, enables us to meet the
credit card needs of any business. Whether small or
large, your business will enjoy benefits such as fleet
cards, purchasing cards, travel and entertainment
cards, and superior business credit cards all under
one account.
The card comes with several key features you can
control:
• Types of purchases
• The amount of spending
• Behaviors of cardholders
• Set aggregate credit lines assigned to employees
• As well as aggregate credit lines for employees
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Merchant Credit
Card Services
Your business can generate additional sales when you offer
customers the
ease of using a credit or debit card. Mercantile Bank's card processing services
give you a secure, reliable means of accepting credit and debit card payments.
International
Financial Services
As global trade continues to grow, more of your business may be transacted
abroad. Mercantile Bank offers global financial services, so you can maximize
business opportunities through international wires and foreign collections,
currencies and travelers checks.
Personalized
Commercial Banking
To open an account or learn more about Mercantile Bank commercial
banking services, stop by one of our neighborhood branches, contact
us or
call 617.247.2800 to talk with one of our helpful commercial lenders.
Other Mercantile
Bank Services
In addition to our commercial banking services, you may also want to consider
the benefits of our other services:
• Personal checking
• Savings and investments
• Consumer loans
• Home financing
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