Business Checking Accounts
HamptonRoads Bankshares knows that all businesses have different needs. Our products are designed to help you achieve your business goals. We offer a variety of competitive, comprehensive solutions for all types of business.
Free Enterprise Checking
- No monthly service charge
- No minimum balance requirement
- Up to 500 combined transactions per month (checks paid, deposits, deposited items, and ACH debits and credits); $0.50 fee per item over 500
- Free online banking with bill pay
- Free TeleBanc access
- Free Business VISA® Debit Card
- Imaged statement, e-statement or for a low monthly fee, a CD - ROM
- Overdraft protection available
Commercial Analysis Checking
- No minimum balance requirement
- Use earnings credits to offset activity charges
- Low monthly maintenance fee of $15.00
- Deposits $0.45; deposited items $0.11; checks paid, ACH debits and ATM/Debit Card transactions $0.18, deposit corrections $5.00; FDIC Insurance Assessment Fee $0.20 per $1000
- Free online banking with bill pay
- Free TeleBanc access
- Free Business VISA® Debit Card
- Cash Management, Merchant Services and Merchant Capture services available
- Imaged statement, e-statement or for a low monthly fee, a CD - ROM
- Overdraft protection available
Elite Checking
Available to sole proprietorships and qualified non- profit organizations only
- Opening Deposit $100
- Interest bearing with premium rates to reward higher balances
- Unlimited check writing
- Unlimited electronic activity (ACH, ATM, VISA® Debit Card, draft, etc.)
- Free online banking with bill pay
- Free TeleBanc access
- Free Business VISA® Debit
- Imaged statement, e-statement or for a low monthly fee, a CD - ROM
- Maintain a minimum daily balance of $2,500 to avoid a $15.00 monthly maintenance fee
- Unlimited use of Hampton Roads Bankshares' ATMs
- Overdraft protection available
Cash Management Services
- Business Online Banking - Receive important information about your account online and perform a number of different banking transactions: Account balances, transactions and transfers, view check images, wire transfers and stop payments
- ACH Origination - The origination of direct deposit of payroll, employee reimbursements, vendor payments or pre- authorized debits.
- Account Analysis- Receive an accurate and detailed statement of your banking service charges and earnings allowance credits.
Merchant Services
- We process all major credit cards 24 hours a day, 365 days a year. Securely access your account activity from any computer with an Internet connection. Toll - free customer service available 24 hours a day to help with technical questions.
Remote Deposit Capture
- Make check deposits electronically from any desktop - all you need is a small desktop scanner, a PC, an Internet connection and our Remote Deposit Capture software. Remote Deposit Capture scans the paper checks from your desktop and electronically sends the funds to the Bank, making your funds available sooner.
- All HamptonRoads Bankshares business accounts require a minimum opening balance of $100 unless otherwise stated
- Business Online Banking is a comprehensive product that encompasses account balance, transfer and wire request capabilities free, as well as, ACH, WebCapture and Positive Pay capabilities for a minimum service fee
- HamptonRoads Bankshares TeleBanc 24 - 800-597-0162 - available 24 hours a day 7 days a week
- Cash Management and Merchant Solutions available
- Deposit Capture Services
- Monthly CD-Rom or Imaged Statements are available to our business customers
For additional informatiom on fees and other account terms, please review our Truth in Savings disclosure and Schedule of Fees.
HamptonRoads Bankshares & Trust is participating in the FDIC’s Transaction Account Guarantee Program.
Under the Transaction Account Guarantee Program, through December 31, 2010 all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.
