Business Banking

West End Bank, S.B. is a federally insured, hometown bank, which truly believes in putting the customer first. If you would like to learn more about our account offerings, read the descriptions below and then stop by one of our convenient branches or e-mail our new accounts representative. West End Bank, S.B. is a member of the Federal Deposit Insurance Corporation and an Equal Housing Lender.

West End Bank, S.B.
The FDIC Transaction Account Guarantee Program

In order to provide our customers with as much insurance on their accounts as possible, West End Bank, S.B. has opted to participate in the Transaction Account Guarantee Program.

The Transaction Account Guarantee Program offers additional insurance coverage by the Federal Deposit Insurance Corporation (FDIC) for certain transaction accounts that earn 0.50% interest or less opened up to and before June 30th, 2010. The guarantee provided for transaction accounts earning 0.50% interest or less is in addition to and separate from the coverage provided under the FDIC’s general deposit insurance regulations.

Beginning November 14, 2008, all deposit accounts opened prior to June 30th, 2010 which earn 0.50% interest or less will be fully insured by the FDIC due to the additional coverage of the Transaction Account Guarantee Program.

PLEASE NOTE: For sweep accounts, where funds may be swept or transferred from a transaction account earning 0.50% interest or less to another type of deposit or nondeposit account, only the amount maintained in the account earning 0.50% interest or less will be fully insured with the additional coverage of the Transaction Account Guarantee Program.  The funds maintained in the other account will only be insured by the amount of coverage provided under the FDIC’s general deposit insurance regulations.

If you have any questions regarding the FDIC coverage on your accounts or the accounts you are interested in opening, please see the Branch Manager or a Customer Service Representative.

Business Checking Accounts*

Business Money Market Account*
- Interest Bearing Business Account

(Cash Management Account)

Features

• Interest bearing business account
• Tiered interest rates—In most cases, the higher your balance, the greater your interest rate.
• Limited check writing privileges

Benefits

• Earn a rate that is competitive with the market
• Number of transfers or withdrawals made in person or at ATM are unlimited
• In most cases, the greater your balance, the greater your interest rate

Cost

• $2,001 to open account
• $500 minimum balance to earn interest
• You must maintain the minimum amount in each tier to obtain the annual percentage yield (APY)

Business Debit Card

Features and Benefits

Reduce your need for checks or cash

• Automatically deduct funds from your business checking account – no need to write a check, show identification, or wait for check approvals.
• No monthly payments or finance charges (unless you utilize an overdraft line of credit).
• No need to carry extra cash or keep a lot of petty cash on hand with 28 million acceptance locations and over 600,000 ATMs worldwide.
• Get authorization for immediate shipment of any mail, phone or internet orders.
• Set variable daily limits on purchase and cash withdrawals to protect account from fraud.
• Request extra cards for your employees with preset spending limits.

Increase your money management capabilities

• Get a receipt with every purchase to better keep track of spending.
• Set spending controls for your employees.
• Reduce the need to use personal funds for business purchases.
• Receive detailed monthly bank statements for easy account reconciliation, expense reporting, and identification of tax deductions.

We also offer customers a Business Credit Card which works like a regular credit card would.

Other Business Accounts and Services

Commercial Loans*
Commercial Loans and Lines of Credit are offered on a case by case basis. Contact a loan originator for details.

Electronic Funds Transfer Payment System (EFTPS)
This is the easiest way for a business customer to pay for all their Federal Business Taxes. Using a phone or a personal computer, a business can input their tax payment information and send it.

Features

• Use this service 24 hours a day, 7 days a week from your home or office.
• Pay all your federal business tax payments, including income, estimated, and excise taxes.
• Same day payments

__________________________________________________________________________________

*West End Bank, S.B. may not accept deposits or extend credit outside our local market area unless the depositor/applicant has a prior account relationship with us or the deposit is in the amount of $10,000 or more. Deposit accounts may be subject to early withdrawal penalty. Federal law limits the number of withdrawals/transfers not made in person or at an ATM from non-checking accounts to six (6) per statement cycle. Fees may reduce earnings on deposit accounts. Contact a Deposit Customer Service Representative or Loan Originator for complete details. Specials offered for a limited time.

**Federal Regulation establishes NOW account eligibility. Entities organized as "for-profit" are prohibited from holding interest bearing checking accounts. These products are available to "for-profit" customers as non-interest bearing accounts.