Business MERIT is a collection of services designed to support the financial goals of your small business. Whether you are considering an enhanced benefit program for your employees, a working line of credit for your company or insurance for key executives, you'll be happy you chose Towne.
With Business MERIT we offer financial benefits for your company, personal benefits for owner(s) and great benefits for your staff at no cost to you!
Enjoy access to many free or preferred rate products and services:
Benefits for your Company
'Fee Saver' Checking Accounts- Designed to meet your unique deposit and financial management needs
Unused Checks Purchase- $100 credit towards the purchase of your existing unused checks
Online Banking and Bill Pay- Free Online Banking and Bill Pay services for your business
Premium Rate Money Market Account- Earn interest with easy access to your funds
Make Deposits from your office- Speak with your hometown banker to see if the Business Beetle courier service or Deposit Wizard* are right for you. With Deposit Wizard, you can make same day check deposits until 6:00 pm on any business day
Merchant Card Services*- Competitive services with 24-hour local support
Electronic Check Collection- Free Re$ubmitIt® service for electronic check collection
Business Debit Card- for company expenses. It's easier than writing a check!
Specialized Loans and Lines of Credit- tailored to meet your needs
Financial Solutions Review- Complimentary review of financial solutions designed to increase efficiency, maximize cashflow, and protect against fraud
Company Benefits Program Evaluation- Free evaluation of Company Benefit Programs with TFA Benefits+
Free Insurance Review- Free with Towne Insurance for the company and key executives+
Personal Benefits for Owner(s)
Free Towne Classic Checking
- With direct deposit, take advantage of no monthly service charge and unlimited check writing
First Order of TowneBank Checks Free
Online Banking and Bill Pay- Free for your personal accounts
Premium Rate Money Market Account- Earn interest with easy access to funds
1/4% Discount on Personal Lines of Credit*- Plus our loan officers are local and eager to design a loan that best meets your needs**
Credit Towards Closing Costs- $500 credit towards closing costs when financing with TowneBank Mortgage*
Equity Loans - No closing costs with TowneBank**
Discount on Safe Deposit Boxes- Receive a 25% discount on rental fees
American Express Products- Take advantage of these services for no fee
Notary Services and Cashier's Checks- Free with your personal accounts
TowneBank's Member Stock Purchase Plan- Free participation for members. It's easy to own a piece of your own bank with automatic account withdrawals of as little as $25 per month ++
Personalized Real Estate Services- To help you buy or sell a home, chose a rental or vacation getaway, or provide assistance when relocating to or from the community
Insurance Review- Free with Towne Insurance for your home, auto and personal needs+
Investment Consultation- Free, No Obligation, Investment consultation with Towne Investment Group that includes a free Asset Allocation and Investment Return Report+++
+Insurance and Investment products offered are not a deposit, not FDIC-Insured, not insured by any federal government agency, not guaranteed by TowneBank, and may go down in value.
++Shares of TowneBank stock are not deposit accounts insured by the FDIC or any other governmental agency, are not guaranteed by TowneBank, are subject to investment risks, including the possible loss of principal amount invested. This statement does not constitute an offer to sell or the solicitation of an offer to buy stock in TowneBank. The offering is made by the offering circular only.
+++Securities are offered through Raymond James Financial Services, Inc., member FINRA/SIPC, and are: NOT insured by FDIC or any governmental agency, NOT guaranteed by TowneBank, NOT deposits of TowneBank, and are subject to risk and may lose value. Towne Investment Group, TowneBank and its affiliates are independent of Raymond James. 5806 Harbour View Blvd., Suite 202, Suffolk, VA 23435 (757) 638-6850.
* Normal credit approval criteria apply.
**Floor rate applies