Business Banking
VISIONBank is a leader in North Dakota SBA lending; having been recognized with the District Director’s Award consecutively since 2010. We understand local business… because we are one. #BankWithVISION
Business Checking
| Business Checking ACCOUNT FEATURES | Community Checking | Classic Business Checking | Classic Business Interest Checking | Corporate Plus Business Checking |
|---|---|---|---|---|
| Description | Designed for small clubs and non-profit organizations | Our most popular account for general small business use | For sole proprietorships and non-profit organizations only | For businesses with numerous transactions |
| FREE Standard Online Bill Pay | ||||
| FREE Online Check Images | ||||
| FREE Online Statements (For Online Banking users enrolled in eStatements) | ||||
| FREE Mobile Banking (Download FREE Mobile App) | ||||
| FREE Debit Card* with EMV Chip Security |
| Business Checking Account Details | Community Checking | Classic Business Checking | Classic Business Interest Checking | Corporate Plus Business Checking |
|---|---|---|---|---|
| Transactions | No charge for a total of 100 checks, debit items or items deposited per month. A $0.30 fee for each additional item after limit is exceeded. | No charge for a total of 300 checks, debit items or items deposited per month. A $0.30 fee for each additional item after limit is exceeded. | No charge for a total of 150 checks, debit items or items deposited per month. A $0.30 fee for each additional item after limit is exceeded. | A $0.15 fee for each item (includes checks, withdrawals, deposits, and deposit items). |
| Minimum Balance Required | None | $200 | $500 | None |
| Monthly Service Fee | None | A service fee of $10.00 per calendar month will apply if the balance falls below $200.00 on any day in the month. | A service fee of $10.00 per calendar month will apply if the balance falls below $500.00 on any day in the month. | $8.00 monthly maintenance charge |
| Annual Percentage Yield (APY) | --- | --- | Variable rate of interest compounded monthly. ** | --- |
**Interest is earned each day that the required minimum balance is maintained.
Business Savings
Business Savings Account Features
| Regular Business Savings | Business Money Market Savings | Ultimate Business Money Market Savings | |
|---|---|---|---|
| FREE Online Statements (For Online Banking users enrolled in eStatements) | Quarterly | Monthly | Monthly |
| FREE Mobile Banking | |||
| 6 FREE automatic withdrawals or transfers may be made during each calendar month.* (See us for full details.) | |||
| Check Writing Privileges Limited to 6 per calendar month.* (See us for full details.) | --- |
Business Savings Account Details
| Regular Business Savings | Business Money Market Savings | Ultimate Business Money Market Savings | |
|---|---|---|---|
| Minimum Balance Required | $50 | $500 | $100,000 |
| Monthly Service Fee | A service fee of $2.00 per calendar month will apply if the balance falls below $50.00 on any day in the month.** | A service fee of $9.00 per calendar month will apply if the balance falls below $500.00 on any day in the month.** | A service fee of $10.00 per calendar month will apply if the balance falls below $100,000.00 on any day in the month.** |
| Annual Percentage Yield (APY) | Variable rate of interest compounded quarterly. *** | Variable rate of interest compounded monthly. *** | Variable rate of interest compounded MONTHLY. (Interest is earned on all balances) Tiered rate. (See us for details) |
***Interest is earned each day that the required minimum balance is maintained.
Business Loan Services
Let VISIONBank help you grow your business!
From ongoing lines of credit to fixed term loans, we have the right products and services that will take your business to the next level.
Business Line of Credit
Generally used for short-term working capital needs. Funds can be advanced as needed and repaid as cash fl ow allows. Business lines of credit are generally reviewed with the client on an annual basis.
Business Loans
Can be used for a wide variety of purposes, which could include the purchase of an existing business, a business expansion, or the purchase of additional equipment. Loan terms will vary based on the purpose of the loan.
Commercial Real Estate
Generally used to purchase real estate, expand or remodel an existing property, or refinance an existing real estate loan. Loan terms will vary based on the purpose of the loan and the property being financed.
SBA Financing
Available for qualified businesses and can be used for a wide variety of purposes, including lines of credit, business purchases, equipment purchases, and commercial real estate financing.
BIA Loans
VISIONBank offers several loan programs through the Bureau of Indian Affairs (BIA). These loan programs are similar to SBA financing, but are offered for Native American owned businesses.
Bank of ND Loans
VISIONBank works closely with the Bank of ND to offer a variety of additional loan programs. The Bank of ND offers programs for businesses of all types and sizes, ranging from beginning entrepreneurs to seasoned business owners.
Credit Cards
What do you want most from your business credit card? Now you have a choice.
Whatever your needs, we have a credit card that’s right for you.
VISA Business Card
Extended Intro Rate
Non-Rewards
VISA Business Cash Card
Up to 3% Cash Back
Non-Rewards
VISA Business Bonus Rewards Card
25% Bonus
Rewards
VISA Business Bonus Rewards PLUS Card
50% Bonus
Rewards
Questions? Want to apply? Call us today at 701.364.2020
or click below for more information from elan card services.
Business Certificates of Deposit
Certificates of Deposit provide a safe avenue to higher interest rates. All of our CD’s require a minimum deposit of only $500.00 and are available in various terms from 3 months to 60 months.
See us for specific terms, interest rate information, interest payment information and withdrawal restrictions. A penalty may be imposed if funds are withdrawn before the specified maturity date.
Business Services
ACH Collection and Disbursements
Use this feature to make the following types of payments right from your office:
- Direct Deposit of payroll, Social Security and other government benefi ts, and tax refunds
- Direct Payment of consumer bills such as mortgages, loans, utility bills and insurance premiums
- Busines-to-business payments
- E-commerce payments
- Same day ACH is NOW AVAILABLE
Login to VISIONBanks ACH service
Remote Deposit
Deposit checks electronically rather than delivering the paper originals to VISIONBank by
using our Remote Deposit.
Credit Card Processing
VISIONBank will help you optimize your payment processing to maximize your business’ cash flow. Process
credit cards, recurring payments, mobile payments, electronic invoicing, eCommerce and much more! We
are here to give you all the essential information and training about the upcoming changes and how they may
affect you and your business.
Get started today!
- FREE, no obligation cost comparison of your current provider today to see how much you could save!
- Clients have saved up to $17,000 per year in credit card processing fees just by switching to VISIONBank!
Actual savings will vary depending on business type, transaction volume, and other variables.
Interested in accepting credit card payments but just don’t know where to start?
VISIONBank can help incorporate the best products and services for your specific business type.
Wire Transfers
Wire Funds to VISIONBank:
| Receiving Bank: | United Bankers Bank |
| Bloomington, MN | |
| Routing Number: | 091001322 |
| Beneficiary Bank: | VISIONBank |
| 3000 25th St. S | |
| Fargo, ND 58103 | |
| 701.364.2020 | |
| Beneficiary Bank Account Number: | 2503662 |
| For Further Credit: | Client Name |
| Account Number: | Client Account Number |
