Business Services
Old school values. New school technology.
Business Services from Old Glory Bank
You move at the speed of business. You need a bank that offers the modern technology you want from a big bank, combined with the personal service you'd expect from a community bank.
As a small business owner, your personal time and your business time are often intertwined. The same goes for managing your finances. Old Glory Bank doesn't place inconvenient restrictions on your business account access. You may choose different logins for your personal and business accounts, or you may access both from a single login. It's up to you!
ACH Services for all Business Customers
ACH (Automated Clearing House) enables businesses to transfer funds quickly and securely between accounts, even between different financial institutions. Old Glory Bank offers full ACH capabilities for businesses of all sizes to pay invoices, process payroll, and collect payments from customers.
Cost-effective.
ACH transfers often cost less than wires or credit card payments.
Secure.
Payments are encrypted and follow strict regulatory standards, protecting your financial data and your business.
Convenient.
Recurring transactions such as payroll, billing, and vendor payments cut down on manual processing.
Efficient.
ACH transactions are processed electronically and generally faster than checks or credit card transactions, improving your cash flow management.
Accurate.
The nationwide ACH network is smooth and reliable, reducing the chance of error that comes with manual processing.
Reliable.
ACH payments enhance business relationships and loyalty as a trusted, prompt transaction.
We are pleased to extend ACH services to small businesses with up to $10,000 per day or $50,000 per month. No additional applications required, and zero hoops to jump through.
ACH fees start as low as $1 per transaction. We also offer a flat monthly rate of $15 - $25 per month for unlimited ACH transactions for payroll and collections.
Positive Pay
In keeping with our dedication to your Privacy, Security, and Liberty all the way to the transaction level, we offer the fraud protection of Positive Pay for both check and ACH payments.
With Positive Pay, we compare incoming transactions against your list of authorized recipients and amounts, flagging any activity outside your parameters for your review. This allows you to proactively approve transactions as they are presented for payment, protecting your business from fraudulent transactions before they can happen. Automated verifications and real-time alerts of any discrepancies save you time and reduce the risk of potential human error.
With Positive Pay, you can safeguard your business finances, streamline your payments, and strengthen relationships with your vendors and employees.
Fees associated with Positive Pay are outlined in the Positive Pay Agreement provided during the enrollment process.
