For people who are in business, we approach their banking personally. All banking products and commercial loan services are specifically designed to be accessible, convenient and dedicated to making the business of your business easier and more profitable. As with Personal Banking at Peoples Bank, there are a number of commercial banking services and products specifically designed for your business – whether new and innovative, large and established, or growing and expanding:
Business Banking Services and Products
Online Business Banking Accounts
Convenience, expediency and accuracy are but a few reasons business people today appreciate being able to monitor their accounts online. It’s private and personal. No more waiting until the end of the month to check balances or whether payments have been received and cleared; business people can now check their balances in a timelier manner. And they can do it from anywhere.
Business / Corporate Accounts
Peoples Business / Corporate Accounts provide the ultimate in personalized business bank services. We analyze your corporate account monthly so that you receive an earnings credit on your collected balance in a timely fashion. Fees are based on the monthly activity of your account. When the earnings credit is greater than the account activity fees, there is no service charge.
Small Business Checking Accounts
For the small business owner with a moderate volume of sales and payments by check, the Small Business Checking account is ideal. This account may be opened with only $100 and with a low balance and moderate activity will not be charged the higher fees of other business accounts.
People who operate their businesses as sole proprietorships, or who are involved with non-profit organizations, can open Business NOW Accounts. With a low-balance requirement, Business NOW Accounts offer interest earnings at the prevailing rates and pay interest monthly. A minimum balance of $100 is required.
Commercial Money Market Accounts
Business people now have the opportunity to invest excess funds at a premium rate in a Peoples Bank Commercial Money Market Account, an ideal account for cash flow management. With nominal balance requirements, this account makes your money work for you.
Commercial / Business Loans
Your business needs are as personal and specific as your own banking and financial needs. The Peoples Bank commercial lending team works to personally understand your business and satisfy your immediate and/or long-term loan request at competitive rates.
Business owners who want to earn interest on excess funds, or who want us to help them handle their cash flow, should look at our Cash Management Account which earns interest at competitive rates. Since these accounts are not insured by FDIC they carry a different level of risk. However, they are collateralized by government securities and are segregated from other bank assets.
Merchant BankCard Services
Small business owners appreciate the instantaneous capture of credit card transactions into their accounts through the Peoples Bank Merchant BankCard Services. We have the capacity to process VISA, MasterCard, America Express, Carte Blanche, and Diners Club transactions. Competitive pricing applies.
Community Checking Accounts
The families of our customers are involved in their communities, whether civic, social or non-profit activities. Peoples Bank also wants to be there with them by providing special public service checking accounts to qualifying organizations. Community Checking carries no service charges for moderate activity, nor is a minimum balance required to open or maintain an account.
Commercial Courier Service
We understand that running a business takes time and energy, so that’s why we’ve added another personal touch to help our business-owner customers achieve success. Call and one of our Couriers will come to your business and pick up banking transactions. You can’t get more convenient than that.
Meet Our Commercial Banking Team.
Banking the way it was meant to be
. . .
business-like and personal.
After all, you are the first word in our name
. . . Peoples Bank of Virginia.
(804) 270-6800
