Business Banking

Atlas Bank offers financial services and products for businesses in our community. Our experienced team of professionals understand the challenges you face. It's a relationship you can count on.

DEPOSIT SERVICES 

Atlas Bank offers a full line of competitive deposit solutions:

Business Checking Account

If you're looking for a simple and low-cost cash management solution for your business, then an Atlas Bank Checking Account may be right for you. With a low monthly fee and no minimum balance requirement, you gain more flexibility and freedom to manage your business effectively. See our updated Fee Schedule by clicking here.

 
Our Business Checking Account includes the following features:  

• $25 minimum opening deposit amount
• Small monthly service fee of $10
• No transaction fees
• Online Banking 
• Online Bill Pay *
• VISA® Check Card *

*Optional product that may incur transaction fees. Please see our updated Fee Schedule for more information by clicking here. 

Atlas Bank offers great solutions to save money with two savings-type business accounts that earns you interest. You may choose between Business Savings or Business Money Market account. It's a great place to start saving the extra cash your business is not utilizing. The interest rates may be found on the current rate sheet. See our updated Fee Schedule by clicking here.

 Our Business Savings Account includes the following features: 

• $100 minimum opening deposit amount
• Earned interest with a minimum daily balance of $100
• $10 monthly service fee waived with a daily balance of $4,000
• No transaction fees
• Online Banking
• ATM card *

*Optional product that may incur transaction fees. Please see our updated Fee Schedule for more information by clicking here.

Our Business Money Market Account includes the following features:

• $100 minimum opening deposit amount
• Earned  interest with a minimum daily balance of $2,500
• $10 monthly service fee waived with a daily balance of $2,500
• No transaction fees
• Online Banking
• ATM card *

*Optional product that may incur transaction fees. Please see our updated Fee Schedule for more information by clicking here.

Certificates of Deposit (CDs) 

Atlas Bank offers Certificates of Deposits for business accounts. A Certificate of Deposit is a fixed rate time deposit. The interest rate on the money deposited is guaranteed, as long as the money remains in the bank for the time shown on the certificate. There is an interest penalty if all or part of the deposited money is withdrawn before the maturity date. CD may automatically be renewed at maturity. The interest rates paid vary by maturity and may be found on the current rate sheet. See our updated Fee Schedule by clicking here.

 

 Certificate of Deposit (CD) Account includes the following features:

• $2,500 minimum required to open and maintain a CD account
• Competitive interest rates
• No account service fees
• A variety of terms to meet your savings needs
• Online Banking (view only)
• Quarterly Statements

Funds are insured up to a maximum FDIC limit of $250,000 per depositor

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SEP IRA

A Simplified Employee Pension Plan (SEP) can provide a significant source of income at retirement by allowing employers to set aside money in retirement accounts for themselves and their employees. Under a SEP, an employer contributes directly to traditional IRAs (SEP-IRAs) for all employees (including the employer). A SEP does not have the start-up and operating costs of a conventional retirement plan and allows for a contribution of up to 25 percent of each employee’s pay. Contributions to a SEP are tax deductible and the business pays no taxes on the earnings on the investments. For more information please refer to IRS Publication 560. 

SIMPLE IRA

A SIMPLE IRA plan is a Savings Incentive Match Plan for Employees. Because this is a simplified plan, the administrative costs should be lower than for other, more complex plans. Under a SIMPLE IRA plan, employees and employers make contributions to traditional Individual Retirement Arrangements (IRAs) set up for employees (including self-employed individuals), subject to certain limits. It is ideally suited as a start-up retirement savings plan for small employers who do not currently sponsor a retirement plan. For more information please refer to IRS Publication 560 and IRS Publication 590. 

IRA funds are insured by the FDIC. The FDIC insurance has been increased up to $250,000 separately from all other non IRA accounts held at Atlas Bank. Please call 718.768.4800 for more information.

COMMERCIAL MORTGAGES
Mixed-Use and Multi Family

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BUSINESS SWITCH KIT

Making a switch to Atlas Bank is fast and simple with the Business Switch Kit.  We offer all the business banking products and services you need and the personal attention you deserve.  

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MERCHANT ACCOUNT SOLUTIONS

Offering your consumers their preferred payment options is essential to doing business today. In order to maximize your business opportunities, it is important that you work with an experienced and knowledgeable merchant services provider

• Point of Sale (POS) Terminal (Lease or purchase)
• Merchant Account
• Atlas Bank Business Checking Account
• Low Rate and Processing Fees

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Are you aware of this compliance update? 

Unlawful Internet Gambling (Reg GG)  

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Call today and experience friendly Business Banking with Us (718) 768-4800