Business Accounts

Running a business requires you to perform many tasks while providing your services. At Walden Savings Bank we've got you covered from a financial perspective. Whether you are looking to open an operating account, engage in a payroll service, remotely deposit checks or provide business credit cards, we can help. Contact a Business Banker today!

Check Current Rates

Walden Savings Bank has the checking account your business deserves.

At Walden Savings Bank, we realize that the complexities of running a business demand a banking relationship that’s responsive to your business needs. We offer accounts and services that are simple and affordable to use, with plenty of local branches and customized business services to make business banking productive, and even pleasant. Contact us today to discuss your needs.

GET STARTED 845-457-7700 LOCATIONS

Features include:

$50 minimum opening balance
Unlimited free check writing and deposits
Free 24-hour access to web banking, telephone banking and mobile app
Debit Mastercard® program customized to your business needs
CardValet® available

To open a business checking account, please visit your nearest branch location.

No maintenance fee for non-profit organizations, business organizations with a lending relationship of $25,000 or more, and business account holders who maintain an average monthly balance of $2,500 or more. Business customers with a lending relationship that falls below $25,000 and business accounts that fall below an average monthly balance of $2,500 will be subject to a $5 monthly maintenance fee.

All business customers have the option to receive their monthly statements and check images electronically at no cost. Those wishing to receive their monthly statements and check images in paper format will incur a $2.50 monthly fee for this service.

Our business savings account will surprise you.

If your business has excess checking account funds, you can earn additional income with a Business Savings account from Walden Savings Bank. Contact a Business Banker today to discuss further.

GET STARTED 845-457-7700 LOCATIONS

Features include:

Unlimited deposits, withdrawals and in-branch transfers each statement cycle
$50.00 minimum balance to open and earn interest
Competitive interest rates
Free 24-hour access to web banking, telephone banking and mobile app
Pre-authorized and telephone transfers are limited to six per statement cycle
$3.00 monthly service charge if monthly average balance falls below $50
CardValet® available

To open a business savings account, please visit your nearest branch location.

Walden Savings Bank IOLA: Perfect for your law firm.

An Interest on Lawyer Account (IOLA Account) is a type of attorney escrow account in which attorneys may hold deposits of multiple clients. Our IOLA Account provides law firms and attorneys convenient access to client's escrow funds.

GET STARTED 845-457-7700 LOCATIONS

Features include:

$50 minimum opening balance
No Monthly Maintenance Service Fees
Interest is paid on balances of $5,000 or more

To open an IOLA account, please visit your nearest branch location.

Employer/
Employee Group Banking

Employer/Employee Group Banking: Group Banking offers advantages for employers and employees and is open to any business with ten or more employees. A sampling of benefits is listed below, but we’d be happy to tailor a package just for your employees.

GET STARTED 845-457-7700 LOCATIONS

Benefits for Employers:

Merchant Check Capture (subject to approval)
Preferred Rate on Commercial Loans
Business Bill-Pay available
CardValet® available

Benefits for Employees:

FREE Super Now Checking Account - no monthly maintenance charges, no minimum balance requirements and unlimited check writing
Discounted Mortgage Closing Costs*
Free Debit Mastercard®--free 24-hour access to mobile and web banking, telephone banking and mobile app.
Free first order of checks
0.25% discount on a new personal Installment Loan when payment is automatically deducted from your Walden Savings Bank checking account*
Free Bill-Pay - when used once every 60 days to pay bills
Free 3" x 5" Safe Deposit Box for one year (subject to availability)

* You must provide acceptable proof of current employment with your approved company, such as current paystub or company ID. Subject to Walden Savings Bank loan approval guidelines.