Serving Southern Maryland and Maryland businesses along the Baltimore-Washington corridor, The Washington Savings Bank has the checking programs to help our business customers operate.
Deposit Checks Remotely
Whether you’re a small company or a large business, we can help you maximize office efficiency and save time. Our Business Checking services allow merchants to scan checks and transmit the scanned images for deposit from the convenience of your own office.
The system uses a computer, secure Internet connection and check scanner to create a quick, easy and safe deposit directly to the bank. To learn more about how banking with us can benefit your business, contact a branch Customer Service Representative for details.
We know how important it is for you to collect your hard-earned money in a timely manner. That is why your business account will be enrolled automatically in the Re$ubmitIt™ electronic check recovery service, which helps you collect more funds from bad checks. Re$ubmitIt™ minimizes the amount of time you spend on check collections and reimburses 100% of the face value of all checks collected electronically. This FREE benefit typically doubles collections from bad checks, and requires no additional work from you!
Business Checking Choices
Businesses are not all the same, so we have four business checking accounts for you to choose from.
Business Now is an interest bearing checking for qualified sole proprietor, non-profit or government entities. (Current regulations prohibit for-profit businesses from earning interest on checking)
Free Business Checking is available to the small or start-up business. There is no monthly service fee.
Business Plus Checking is a good choice for businesses with higher transaction levels. The monthly fee is avoided by maintaining just a $3,000 balance.
Business Analyzer accounts may have their monthly fees and qualified service charges reduced by the application of an earnings allowance. The earnings allowance is calculated using the Bank’s Commercial Earnings Credit rate. The earnings allowance is taken off of the total of qualified service charges to reduce the overall cost of the account.
Ask a branch Customer Service Representative for details.
You may choose the Business Saver as an easy place to park any excess funds; the Business Money Market for limited check access; or Certificates of Deposit (CD) to meet your business investment needs.
Money Moves provides an automated means of transferring money from designated business savings to business checking in the event you write a check over the balance of your account and cannot get to the bank.
Ask a branch Customer Service Representative for details. Applicable fees for Business accounts and services are found on our Business Service Fee Schedule.