Our Business is Your Business
At Flushing Savings Bank, we know how business works and what it takes to succeed. We also understand that running a successful business takes hard work and time—managing your finances should not. That’s why we offer a choice of checking accounts designed to meet your particular business needs.
Business Checking
Flushing Savings Bank’s Business Checking Account was designed for businesses that have limited transaction activity, maintain a moderate account balance and prefer the budgeting ease that comes with this account’s low-cost fee structure. With the Flushing Savings Bank Business Checking Account, you can manage your company’s finances simply and easily. Take advantage of:
- Unlimited number of items*
- First 200 items free of charge**
- Low monthly fee – waived with a monthly average balance of $5,000
- Night drop service available***
- Itemized monthly statement
- Free check images returned with monthly statement
- Free Business MasterCard® Debit/ATM Card
- Online Cash Management Services available***
Commercial Checking
If your business has heavier transaction activity and carries larger balances, the Flushing Savings Bank Commercial Checking Account may be suitable for your business needs. You receive an earnings credit on the account’s monthly average collected balance that can be used to reduce or eliminate monthly maintenance and activity fees. Take advantage of:
- Unlimited number of items*
- Low monthly fee
- Earnings credit allowance for accounts with a monthly average collected balance of $5,000 or more – can be used to offset charges
- Night drop service available***
- Itemized monthly statement
- Account analysis available
- Free check images returned with monthly statement
- Free Business MasterCard® Debit/ATM Card
- Online Cash Management Services available***
Attorney Escrow Management Account
Our easy to use Attorney Escrow Management Account features a master account as the primary disbursement account that is linked to individual interest-bearing sub-accounts for each client. Both client and attorney benefit from this escrow management account: client’s funds earn interest, while this service fully automates record keeping and reporting for attorneys. Take advantage of:
- Reduced record keeping time
- Competitive rate of return on clients’ escrow funds
- Free transfers between master checking account and client sub accounts
- Combined Monthly Statement
- 1099 reporting on each client sub-account
Interest on Lawyer’s Account (IOLA)
This escrow fund management account is ideal for attorneys who need to hold nominal, short-term client funds. Flushing Savings Bank's IOLA satisfies all the legal requirements for such accounts. Take advantage of:
- Reduces record keeping
- Takes care of all reporting and payments to the state IOLA Fund
- Provides a detailed statement outlining all account activity
For more information on our Business Checking, Commercial Checking, Attorney Escrow Management Account or the Interest on Lawyer’s Account (IOLA), feel free to stop by your local branch or call us on 1-800-581-2889. We look forward to meeting you!
* Items include paid checks, deposit tickets, deposit items and miscellaneous
ACH credits and debits.
** Items over the first 200 are charged a per item fee. Please refer to the
Flushing Savings Bank Business Schedule of Fees.
*** These services are available at an additional charge.
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