Our business checking products and services make accessing your money convenient and easy. Our banking associates understand that a good bank plays an important role in your success by being responsive, competent, professional and business-smart.
Commercial Products & Services
- Sweep Accounts
- Wire Transfer
- Escrow Management
- Tenant/Landlord Security
- Payroll Deposit
- Night Depository
- Federal Tax Deposit Account
- Bank-by-Mail
- Lock Box Services
- Merchant Services
Small Business Checking is a convenient alternative for small businesses that maintain low checking account balances, have low monthly account activity and want a no fee checking account solution. The account requires no monthly minimum balance, and is eligible for up to 100 no charge transactions including checks paid, deposits and deposited items. Transactions in excess of 100 will be charged a simple fee of $.25 per item.
Business Checking
Business Checking offers a low cost monthly service fee solution for businesses, partnerships and corporations that maintain higher monthly balances and have more than 100 transactions per month. An earnings credit of $.28 per $100 of the daily collected balances is automatically applied toward service charges.
Analysis Checking
Analysis checking is designed for business clients with account balances of $10,000 plus or multiple accounts that have varying levels of balances and activity. If you have more than one business checking account, the balances may be combined for purposes of analysis where you will receive an earnings allowance equal to 90% of the 91-day Treasury Bill rate.
If the earnings allowance is greater than the account activity fees, there is no service charge. If activity fees exceed the earnings allowance, the difference is charged to the account.
Treasury Advantage
Our Treasury Advantage cash management program offers all of the services that growing businesses need to maximize their cash position, improve collections and generate management reports. Services included in our Treasury Advantage suite are:
- Sweep accounts
- Zero balance accounts
- Automated clearing house services
- Internet Banking
- Online bill payment services
Business
Interest Checking
Eligible business clients have the benefit of earning interest on daily ledger
account balances. Interest earned is compounded and credited monthly. There is a
$20 per month service charge if the account balance falls below $5,000.
- Opening a New Client Sub-account New client information is completed on a
special deposit ticket and can be mailed to the bank. Escrow accounts may be
designated as interest bearing, payable to your client or to the IOLTA fund.
It's that simple.
- Client Transactions Withdrawing client funds is as easy as writing a
check. Simply include the client's sub-account number in the space provided
on the specially designed escrow check. When the check is paid, funds will
be automatically withdrawn from the sub-account identified on the escrow
check. Interest on client accounts is paid monthly and closing an account is
simple. Just fax a close out notification request to Escrow Services and we
will provide you with accrued interest up to the date of close out. You can
even request to have interest split between clients at time of close out,
simply forward a W-9 to Escrow Services, we'll take care of the rest. No
more hanging interest due to check clearing times.
- Record Keeping With Hilltop Community Bank's Escrow Management System,
every detail of your client's transactions is handled for you. Monthly
statements are provided to you on your Master Account as well as each client
sub-account for easy tracking of all deposits and disbursements. To
simplifying your daily record keeping further, the Escrow Management System
also takes care of year end tax reporting by generating an IRS 1099-INT for
each sub account and forward the appropriate copies to your clients.
- Escrow Support Our Escrow Management Service team stands ready to assist you with all your escrow needs. In addition to the technical support of this group, you will have access to an account officer who can assist you with your other banking needs or requirements.
Asset Management Checking
The Asset Management checking account package is ideal for Not For Profit Organizations who want to maximize the interest that they may earn on their deposits at The Hilltop Community Bank. This checking account provides a tiered interest rate structure that is highly competitive with short-term investment vehicles. Interest is paid on the full account balance and increases with the balances maintained on deposit.
The account is maintained on account analysis which calculates the account activity and provides an earnings credit for the balances maintained. The earnings credit is used to offset any service charges, which the account may be subject to if any. Generally, we find that with the hard interest that is paid to the Not For Profit Organization monthly, outweighs any service charges that the account may be subject to.
Governmental Funds Management Checking
The Governmental Funds Management Checking program provides municipalities and school board with a money management system that puts all their deposit dollars to work for them. The Governmental Funds Management Checking account will maximize interest earned on the governmental entity's checking account balances while satisfying the unit's financial obligations and maintaining required account records.
The account provides a tiered interest rate structure that is highly competitive with short-term investment vehicles. Interest is paid on the full account balance and increases with the balances maintained on deposit.
Hilltop Community Bank is a certified governmental depository under the Governmental Unit Deposit Protection Act.
As part of our banking relationship with local municipalities and school boards we offer the following additional services:
- NO FEE ONLINE BANKING and BILL PAYMENT SERVICES
- NO FEE WIRE TRANSFER PRIVILEGES
- NO FEE STOP PAYMENTS
- WAIVED RETURN CHECK FEES
- EMPLOYEE CHECKING ACCOUNT PACKAGE
Merchant
Services
With a Visa/MasterCard Merchant Account, you can offer your customers a variety
of payment options, such as VISA, MasterCard, American Express, Discover Card,
and Diners/Carte Blanche. Through our affiliation with a third party provider we
can provide you with an Electronic Data Capture (EDC) system that will save you
processing costs and provide you with an easy and convenient way to offer
multiple payment options.
To find out more just click either the VISA or MasterCard Logo!
