Whether you are starting a new business or have an established company, ProFed offers personalized service and competitive pricing that will help your business be more efficient and streamline your processes. We offer business savings accounts, checking with debit cards, business loans and credit cards, merchant processing, and our Cash Management product that allows you to pay bills, create ACH payroll, make federal and state tax payments and more. Let us help you help you maximize your work day without leaving your desk.
|LOW ACTIVITY ACCOUNTS||HIGH ACTIVITY ACCOUNTS|
|$5.00 monthly fee||$10.00 monthly fee|
|$500.00 average minimum monthly balance to waive fee||$5,000.00 average minimum monthly balance to waive fee|
|200 free items** per month*||400 free items** per month*|
|$0.15 per item*** over 200||$0.10 per item*** over 400|
|$3.00 per deposit correction, 1 correction free per month||$5.00 per deposit correction, 1 correction free per month|
|Tamper-evident deposit bags $20.00 / 100 available||Tamper-evident deposit bags $20.00 / 100 available|
*This limit includes transactions to all shares on the account except share certificates
**Item Descriptions: Check deposit, Check written, ACH credit, ACH debit, ATM deposit, ATM withdrawal, Miscellaneous, Deposit/Withdrawal, Payroll deposit, Withholding withdrawal, $50.00 coin transaction, $500.00 cash transaction
***Items are assessed based on a running coin or cash total for each month, not per visit
CREDITS - Earnings Credit: 0.05% (calculated on 90% of average daily balance – rate subject to change)
FEES - Other fees may be charged to your account. See Business Account Rate and Fee Schedule
This online platform gives you the tools you need to manage your finances and business while providing you robust security features. ProFed’s Cash Management allows you to:
- access your personal and business bank accounts
- generate ACH payroll files
- pay expenses electronically
- collect payments from your customers
- make your federal and state tax payments
- compatible with most business accounting software
- individual user access and privileges assigned
- out of band authentication provides an extra layer of login security
- customize and automate account alerts
If your business processes credit card payments, let ProFed help you process payments faster and deposit the funds seamlessly into your account.
Stop into any branch location or contact us for more information!
Contact us at 800.752.4613 ext. 1634 or email email@example.com.