Business Banking

Our Products & Services     

Biscayne Bank offers a full array of financial products and services for businesses, including checking, savings, NOW, money market accounts, debit cards, time deposits and business loans. We also offer accounts designed specifically to serve the needs of foreign residents with businesses or investment interests in South Florida.

Please visit our any one of our offices or contact us via email if you would like additional information about opening an account with Biscayne Bank.

Checking Accounts

Domestic Accounts

Our business checking accounts include a debit card so you can access your accounts to pay for purchases and withdraw cash 24 hours a day, 7 days a week. Additionally, you will have:

  • Free online banking
  • Unlimited deposits allowed within each statement cycle
  • Free and unlimited ACH (pre-authorized debit/credit)
  • FDIC insurance
  • No per-check fees

Our Domestic Checking accounts for businesses require a minimum deposit to open of $2,500, while maintaining a $2,500 daily balance to avoid a $25 monthly minimum balance fee.

Our Special Business Checking Account is designed especially for small to medium size companies, and requires a $500 deposit to open. Simply maintain a $1,000 daily balance to avoid a $20 monthly minimum balance fee.

Foreign Accounts

We also offer checking accounts for foreign businesses. You will have:

  • Free online banking
  • Unlimited deposits allowed within each statement cycle
  • Free and unlimited ACH (pre-authorized debit/credit)
  • FDIC insurance
  • No per-check fees

Our Checking accounts for foreign businesses require a minimum deposit to open of $2,500, while maintaining a $25,000 daily balance to avoid a $25 monthly minimum balance fee.

NOW Accounts

Domestic Accounts

Our interest-bearing checking (NOW) accounts are available to sole proprietorships and nonprofit organizations. They allow unlimited check, debit card and online transactions. Additionally, you will have:

  • Free online banking
  • Unlimited deposits allowed within each statement cycle
  • Free and unlimited ACH (pre-authorized debit/credit)
  • FDIC insurance
  • No per-check fees
  • Monthly interest paid see current rates
  • Interest begins to accrue on the business day of your deposit.

We use the daily balance method to calculate the interest on your account. We apply a daily periodic rate to the principal in the account each day. Our Domestic Business NOW accounts require a minimum opening deposit of $2,500, while maintaining a $2,500 daily balance to avoid a $25 monthly minimum balance fee.

Debit Cards

Domestic Accounts

For maximum convenience, our business checking and NOW accounts include a debit card that allows you to pay for purchases and withdraw cash 24 hours a day, 7 days a week. For more information on lost or stolen debit cards, please click here.

Money Market Accounts

Domestic Accounts

Our interest-bearing money market accounts are available to all businesses. In addition to earning interest, you will have:

  • Free online banking
  • Unlimited deposits allowed within each statement cycle
  • FDIC insurance
  • No per-check fees
  • Monthly interest paid see current rates
  • Interest begins to accrue on the business day of your deposit.

We use the daily balance method to calculate the interest on your account. We apply a daily periodic rate to the principal in the account each day. Our Domestic Business Money Market accounts require a minimum opening deposit of $2,500, while maintaining a $2,500 balance each day to avoid a $25 monthly minimum balance fee. This account pays interest on a tiered basis. A larger balance will earn a higher rate and annual percentage yield (APY). Transfers to another account or to third parties by pre-authorized, automatic or telephone transfers are limited to six per monthly statement cycle.

Foreign Accounts

Our interest-bearing money market accounts are available for foreign businesses. In addition to earning interest, you will have:

  • Free online banking
  • Unlimited deposits allowed within each statement cycle
  • FDIC insurance
  • No per-check fees
  • Monthly interest paid see current rates
  • Interest begins to accrue on the business day of your deposit.

We use the daily balance method to calculate the interest on your account. We apply a daily periodic rate to the principal in the account each day. Our Money Market accounts for foreign businesses require a minimum opening deposit is $2,500, while maintaining a $25,000 balance each day to avoid a $25 monthly minimum balance fee. This account pays interest on a tiered basis. A larger balance will earn a higher rate and annual percentage yield (APY). Transfers to another account or to third parties by pre-authorized, automatic or telephone transfers are limited to six per monthly statement cycle.

Savings Accounts

Domestic Accounts

Our interest-bearing savings accounts can provide easily accessible funds for business emergencies or other unexpected expenses. With a Biscayne Bank business savings account, you will have:

  • Free online banking
  • Unlimited deposits allowed within each statement cycle
  • FDIC insurance
  • No per-transaction fee
  • Monthly interest paid see current rates
  • Interest begins to accrue on the business day of your deposit.

We use the daily balance method to calculate the interest on your account. We apply a daily periodic rate to the principal in the account each day. Our Domestic Business Savings accounts require a minimum opening deposit of $1,000, while maintaining a $1,000 balance each day to avoid a $25 monthly maintenance fee. Transfers from a savings account to another account or to third parties by pre-authorized, automatic or telephone transfers are limited to six per monthly statement cycle.

Foreign Accounts

We offer interest-bearing savings accounts to foreign businesses. These accounts can provide easily accessible funds for emergencies or other unexpected expenses. With a Biscayne Bank savings account, you will have:

  • Free online banking
  • FDIC insurance
  • No per-check fee
  • Monthly interest paid - see current rates
  • Interest begins to accrue on the business day of your deposit.

We use the daily balance method to calculate the interest on your account. We apply a daily periodic rate to the principal in the account each day. Our Savings accounts for foreign businesses require a minimum opening deposit of $2,500, while maintaining a $25,000 balance each day to avoid a $25 monthly maintenance fee. Transfers from a savings account to another account or to third parties by pre-authorized, automatic or telephone transfers are limited to six per monthly statement cycle.

Time Deposits

Domestic & Foreign Accounts

We offer time deposit accounts at varying terms and rates of interest. These deposits provide your business with an investment option that includes FDIC insurance protection. Additionally, these time deposits provide:

  • Investment terms range from 30 days through 5 years
  • Rate and annual percentage yield earned are based on the amount of the deposit and the length of the deposit term see current rates
  • Once purchased, the interest rate is fixed until first maturity.
  • Interest begins to accrue on the business day of your deposit.
  • We use the daily balance method to calculate the interest on your account. (We apply a daily periodic rate to the principal in the account each day.)
  • Automatically renewable on maturity at the then-prevailing rate.
  • Can be used as collateral should a borrowing need arise.

Our Time Deposits for domestic and foreign businesses require a minimum deposit to open a time deposit account of $20,000. There is a ten calendar-day grace period to withdraw your money without penalty.

Online Banking & Cash Management

 

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