5STAR COMMERCIAL CHECKING
This checking account is designed for the businesses with lower transaction volume and balances. The account has no service fees if less than 200 items are processed each month. Otherwise the following fees apply.
• 0.30 per item over 200 (debits, credits, deposited items)
• Statements with check images cycle at the end of the month
5STAR COMMERCIAL ANALYSIS CHECKING
This checking account is designed for businesses with higher monthly transaction volume and balances. The account earns a credit towards bank service fees at a competitive rate.
• Statements with check images cycle at the end of the month
• An analysis statement is prepared separately from the cycled statement and is processed on the 15th of the following month. The net charge detailed in the analysis statement is debited on the 15th of the following month
• Fees associated are $10.00 monthly service fee, 0.15 per debit, 0.15 per credit 0.12 per deposited item.
• Earnings credit is calculated on the average collected balance and applied to accumulated service fees. Earnings credit equals the Fed FUNDS Effective Rate – Floor of .60%
• Most bank service fees for all relationship accounts may be included in the analysis, which may result in minimal or no service fees when sufficient balances are maintained.
5STAR COMMERCIAL NOW ACCOUNT
This checking account is designed for an eligible Non-Profit Organizations.
• Fees associated are $10.00 monthly service fee, 0.15 per debit, 0.15 per credit 0.12 per deposited item.
• Interest paid on balances $1,000.00 and above
• Per item fees 0.15 per debit, 0.12 per credit and 0.15 per deposit
5STAR COMMERCIAL MONEY MARKET ACCOUNT
Do you have business funds you don't currently need to meet your daily cash flow? Why not deposit that money in a 5Star Bank Commerical Money Market Account, where it will remain liquid for any planned or unplanned business needs.
• Tiered interest rates offering higher yields on larger balances.
• No monthly account fee when the average monthly balance is $1,000.00 or more ($10.00 monthly fee for accounts below minimum balance).
• Low $1,000 initial deposit requirement.
• Up to six withdrawals or transfers per month of which three can be free check writing transactions. Ability to transfer between 5Star Bank and non-5Star Bank accounts.
• Available as an Overdraft Protection option for your 5Star Bank Commercial Checking account.
CASH MANAGEMENT SERVICES
ADMINISTRATION:
• Your company’s cash management administrator has full control over multiple user access levels and authorities.
• A comprehensive audit system provides detailed reporting on user activities. User and account profiles may be used to customize viewing options.
ONLINE ACCOUNT SERVICES:
• Various account support services are available including balance reporting, balance summary, and transaction reporting with check images and loan detail.
• Transactions downloadable to Quicken, QuickBooks, and Excel.
• Alerts may be set up to help monitor account balance levels.
• Stop Payment: Save time and follow-up with online stop payments with confirmation.
• Book Transfers: Transfer funds between your 5Star Bank accounts without having to call the bank.
• Wire Transfer Module: Provides an efficient way to originate domestic wires. This module allows for the scheduling of recurring wires.
• ACH (Automated Clearing House) Online Module: This module allows a business to consolidate cash to and from other banks ($25.00 per month unlimited).
• ACH origination of consumer debits or credits via online input or NACHA-formatted file upload is available.
(Monthly maintenance per originator $25.00. ACH Transaction fee .09/item, Notification of change $2.50, Return item fee $5.00, ACH file fee $5.00, Monthly Minimum Charge $100.00)
• Bill Payment: This function allows your company to pay vendors electronically either as a single or recurring payment as well as input credit memos $25.00 unlimited
• Account Reconciliation: Allows issued check files to be inputted and compared with items presented. It provides an at-a-glance reconciliation view.
• Positive Pay used in conjunction with Account Reconciliation and allows you to make a pay/no-pay decision on exceptions. This module reduces the risk of fraud and gives you control over each day’s presentments.
SWEEP SERVICES:
• Cash Concentration – Large Corporation with multiple locations
• Controlled Disbursements – Company Payroll Account
• Excess Cash Sweep – The ability to move funds that exceed a determined amount into another or multiple accounts
• Target Balance – Ability to establish a Zero Balance Account (ZBA)
• Overdraft Protection
• Maintain Minimum – Amount to be maintained in the account
EFTPS (Electronic Funds Tax Payment System):
• Allows control over the disbursement of tax payments to government agencies.
SALES FORCE SERVICES:
• Communications to bank personnel is available by our certificated secure email system. An extensive help system is available.
REMOTE DEPOSIT CAPTURE:
• RDC allows the customer to “deposit” checks electronically at remote locations, usually in the customers’ offices. Paper checks are digitally scanned, and an image of the check is electronically transmitted to the bank.
BUSINESS CHECK CARDS – Coming Soon!
CORPORATE CREDIT CARDS
• Master account with sub accounts are provided
• Allows for separate limits for each cardholder
• Consolidated billing provides separate cardholder detail
• Year-end detail is provided
MERCHANT CARD PROCESSING
• This service allows your business to accept customer payments by credit card.
• Allows for acceptance of all MasterCard, Visa, Discover, and American Express credit cards
• Supports both web and telephone-based transactions
5STAR COMMERCIAL CHECKING
This checking account is designed for the businesses with lower transaction volume and balances. The account has no service fees if less than 200 items are processed each month. Otherwise the following fees apply.
• 0.30 per item over 200 (debits, credits, deposited items)
• Statements with check images cycle at the end of the month
5STAR COMMERCIAL ANALYSIS CHECKING
This checking account is designed for businesses with higher monthly transaction volume and balances. The account earns a credit towards bank service fees at a competitive rate.
• Statements with check images cycle at the end of the month
• An analysis statement is prepared separately from the cycled statement and is processed on the 15th of the following month. The net charge detailed in the analysis statement is debited on the 15th of the following month
• Fees associated are $10.00 monthly service fee, 0.15 per debit, 0.15 per credit 0.12 per deposited item.
• Earnings credit is calculated on the average collected balance and applied to accumulated service fees. Earnings credit equals the Fed FUNDS Effective Rate – Floor of .60%
• Most bank service fees for all relationship accounts may be included in the analysis, which may result in minimal or no service fees when sufficient balances are maintained.
5STAR COMMERCIAL NOW ACCOUNT
This checking account is designed for an eligible Non-Profit Organizations.
• Fees associated are $10.00 monthly service fee, 0.15 per debit, 0.15 per credit 0.12 per deposited item.
• Interest paid on balances $1,000.00 and above
• Per item fees 0.15 per debit, 0.12 per credit and 0.15 per deposit
5STAR COMMERCIAL MONEY MARKET ACCOUNT
Do you have business funds you don't currently need to meet your daily cash flow? Why not deposit that money in a 5Star Bank Commerical Money Market Account, where it will remain liquid for any planned or unplanned business needs.
• Tiered interest rates offering higher yields on larger balances.
• No monthly account fee when the average monthly balance is $1,000.00 or more ($10.00 monthly fee for accounts below minimum balance).
• Low $1,000 initial deposit requirement.
• Up to six withdrawals or transfers per month of which three can be free check writing transactions. Ability to transfer between 5Star Bank and non-5Star Bank accounts.
• Available as an Overdraft Protection option for your 5Star Bank Commercial Checking account.
CASH MANAGEMENT SERVICES
ADMINISTRATION:
• Your company’s cash management administrator has full control over multiple user access levels and authorities.
• A comprehensive audit system provides detailed reporting on user activities. User and account profiles may be used to customize viewing options.
ONLINE ACCOUNT SERVICES:
• Various account support services are available including balance reporting, balance summary, and transaction reporting with check images and loan detail.
• Transactions downloadable to Quicken, QuickBooks, and Excel.
• Alerts may be set up to help monitor account balance levels.
• Stop Payment: Save time and follow-up with online stop payments with confirmation.
• Book Transfers: Transfer funds between your 5Star Bank accounts without having to call the bank.
• Wire Transfer Module: Provides an efficient way to originate domestic wires. This module allows for the scheduling of recurring wires.
• ACH (Automated Clearing House) Online Module: This module allows a business to consolidate cash to and from other banks ($25.00 per month unlimited).
• ACH origination of consumer debits or credits via online input or NACHA-formatted file upload is available.
(Monthly maintenance per originator $25.00. ACH Transaction fee .09/item, Notification of change $2.50, Return item fee $5.00, ACH file fee $5.00, Monthly Minimum Charge $100.00)
• Bill Payment: This function allows your company to pay vendors electronically either as a single or recurring payment as well as input credit memos $25.00 unlimited
• Account Reconciliation: Allows issued check files to be inputted and compared with items presented. It provides an at-a-glance reconciliation view.
• Positive Pay used in conjunction with Account Reconciliation and allows you to make a pay/no-pay decision on exceptions. This module reduces the risk of fraud and gives you control over each day’s presentments.
SWEEP SERVICES:
• Cash Concentration – Large Corporation with multiple locations
• Controlled Disbursements – Company Payroll Account
• Excess Cash Sweep – The ability to move funds that exceed a determined amount into another or multiple accounts
• Target Balance – Ability to establish a Zero Balance Account (ZBA)
• Overdraft Protection
• Maintain Minimum – Amount to be maintained in the account
EFTPS (Electronic Funds Tax Payment System):
• Allows control over the disbursement of tax payments to government agencies.
SALES FORCE SERVICES:
• Communications to bank personnel is available by our certificated secure email system. An extensive help system is available.
REMOTE DEPOSIT CAPTURE:
• RDC allows the customer to “deposit” checks electronically at remote locations, usually in the customers’ offices. Paper checks are digitally scanned, and an image of the check is electronically transmitted to the bank.
BUSINESS CHECK CARDS – Coming Soon!
CORPORATE CREDIT CARDS
• Master account with sub accounts are provided
• Allows for separate limits for each cardholder
• Consolidated billing provides separate cardholder detail
• Year-end detail is provided
MERCHANT CARD PROCESSING
• This service allows your business to accept customer payments by credit card.
• Allows for acceptance of all MasterCard, Visa, Discover, and American Express credit cards
• Supports both web and telephone-based transactions