Business Banking Solutions

Electronic Deposit and Payments

Get paid—and make payments—without ever writing or cashing a check with electronic deposits and payments processed through the Automated Clearing House (ACH) network.

Increase your business efficiency with electronic deposits and payments processed through the Automated Clearing House (ACH) network, including direct deposit and direct payment, which can help save your company or organization time and money while improving the satisfaction of your employees and customers.

Direct Deposit

Even if your business has fewer than 50 employees, there are substantial benefits to offering direct deposit and direct payment. These benefits include easy set-up, improved cash flow, reduced check errors, lower processing costs and simplified reconciliation—plus, you can save a few trees in the process.

Direct Payment

The electronic transfer of payments from customer or donor checking and savings accounts directly to your company or charitable organization’s account can help simplify the payment process for both you and your customers or donors. Direct payment is ideal for companies collecting recurring payments or charitable donations of all sizes.

Simplify your business operations with Clover

Owning a business can be demanding–from tracking inventory and supervising employees to taking orders and everything in between! That’s why we’ve teamed up with Clover. Clover can help simplify your operations with an all-in-one payment processing system and business management solution tailored to meet the unique needs of restaurants, retailers and services businesses.

Clover can help you:
• Accept more types of payments including EMV® chip cards, Apple Pay® and Samsung Pay®
• Help protect your customers, business and reputation from fraud with built-in security
• Help generate more visits and more sales through mobile loyalty and rewards programs
• Uncover new insights and compare sales against competition within your market
• Grow your business online and manage everything in one place
• Manage inventory, employee schedules, payroll and more
• Turn future credit card sales into working capital with Clover Capital – no fixed payment amount, no fixed term, no interest rate

Clover Point-of-Sale (POS) Systems
In addition to hundreds of business management applications and built-in reporting capabilities, Clover point of sale solutions
include:

• Clover Go – All-in-one contactless, chip and swipe card reader that wirelessly pairs with a mobile device.
• Clover Flex – Accept payments tableside, in-line, on the floor, or off premises with this handheld portable POS. Includes:
built-in receipt printer, camera, and QR scanner in a single device.
• Clover Mini – Compact, countertop system with full-scale POS functionality that can connect to cash drawer.
• Clover Station Solo – All-in-one countertop, POS and business management system with one merchant-facing screen and a
receipt printer that enables you to run your business efficiently.
• Clover Station Duo – A fast and powerful all-in-one countertop POS and business management system with a second screen
that lets customers initiate payment and view the transaction.
• Virtual Terminal– Run your business from your laptop, phone or tablet.

This special savings account is designed exclusively for businesses that offer high deductible insurance plans to their employees. A Verve Health Savings Account (HSA) can make it easier for your employees to pay for out-of-pocket medical bills each month. Your employees make a monthly pre-tax contribution to their HSA for healthcare expenses for themselves, their spouse and/or their dependents. They can reduce their taxable income and ensure that they have money to pay for healthcare expenses when they need it.  Your employees can:

• Grow their HSAs quickly with tiered interest rates that reward higher balances
• Talk to a local member service team
• View HSA balances with online banking access
• Pay themselves or their providers using convenient online, phone and debit card access to their funds
• Roll over unused savings from year to year

Business savings accounts are available to businesses for investing excess short-term cash. Business members can open up to 10 savings accounts using just one account number with unique endings, or suffixes, to provide targeted savings for things like equipment, furniture, office supplies, employee gifts and more.

• Minimum Balance: $100
• Earns Dividends: YES
• Monthly Transaction fees for deposits: 1st 50 FREE
• Free Online Banking: YES
• Free eStatements: YES
• Free Memberline Phone Access: YES

Get more for your business with a no-annual fee, low-interest rate variable credit card from Verve. Oh yeah, it has rewards, too. When you use your Verve Business MasterCard® to make purchases for your business, you can earn points for travel awards and merchandise redeemable through our Rewards partner.

Earn purchase rewards from our Rewards partner to redeem things like:

• Airline miles (many carriers like United, Continental, Delta, American and more).
• Car rental and hotel stays.
• Electronics (cell phones, monitors, etc.).
• Office equipment.
• More than 1,500 merchandise rewards in 11 different categories to choose from.

Term loans provide a way for businesses to plan for long-term growth. They can help provide funding for equipment, assets or improvements to keep up with your growing business. Types of loans available include:

• Commercial Real Estate Loans
• Multi-family and Rental Property Loans
• Equipment and Vehicle Loans
• Business Buyout Loans

Lines of credit provide businesses with a great way to take advantage of opportunities when they arise or to assist with fluctuations in cash flow. They are typically repaid from your business’ receivables or cash flow. A revolving line of credit lets your business borrow, repay, and borrow again up to the original amount committed by us throughout the life of the loan.