Business Banking Solutions

Verve has a team of business banking experts with a host of tools to help your business succeed.

Business Tools

Business owners wear a lot of hats. Spend more time on your business and less time wearing your accountant hat.

Business Checking and Savings

Spending and saving options that keep up with your business needs.

Business Loans

We don’t consider it a loan—we consider it an investment in growing your business.

Payroll / Electronic Deposit

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.

Get Started

Whether you need to simplify your payroll or solve payment processing challenges, Verve can help your business run like a well-oiled machine.

SAY YES TO CARDS.

To begin enjoying the benefits of credit card processing services, contact a member of our Business Team today.

Credit Card Processing

Get peace of mind by adding credit card processing to your Verve Business Account.

Verve brings its members the ability to process credit card transactions with partners you can trust. Accepting credit and debit card payments from your customers can open up a whole new world of payment options for your business. Some of the benefits include:

  • More outlets to sell your product/service (online, phone, etc.)
  • Increased sales
  • Decreased risk of uncollected payments
  • Quicker transaction times for your customers’ checks

Health Savings Account

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
ADD AN HSA TO YOUR BENEFITS PACKAGE

Contact our Business Team for more information on a Verve Health Savings Account.

Small Business Checking

For businesses that prefer lower minimum monthly balance restrictions, Verve offers a non-interest bearing checking account with lots of extras.

  • Minimum Balance: $500
  • Earns Dividends: NO
  • Monthly Transaction Fees for Check Writing: 1st 50 FREE
  • Monthly Transaction Fees for Deposits: 1st 50 FREE
  • Free Online Banking: YES
  • Free eStatements: YES
  • Free first 10 per month bill pay: YES
  • Free Memberline Phone Access: YES

Please note: The Small Business Checking account does not earn interest.

Get Started

Contact our Business Team for more information on small business checking.

INTERESTED? GET STARTED TODAY.

Business Checking

With Interest

If your business supports average monthly balances greater than $2000, consider opening a Verve Business Checking with Interest. In addition to being one of the few financial institutions that pays interest on business checking accounts, Verve also provides tiered interest rates that reward members as they grow their balances.

Business Savings

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 bill pay: YES
  • Free Memberline Phone Access: YES
START SAVING TODAY
Grow Your Money

Contact our Business Team for more information about rates and APYs.

  • Minimum Balance: $2,500
  • Earns Dividends: YES
  • Monthly Transaction fees for deposits: 1st 50 FREE
  • Free Online Banking: YES
  • Free eStatements: YES
  • Free bill pay: YES
  • Free Bank by Phone Access: YES

Business Money Market

Businesses that maintain a higher savings balance can take advantage of tiered interest rates in a Verve Money Market account.

Account Balance Dividend Rate APY
$2,500.00 - $24,999.99 0.05% 0.05%
$25,000.00 – $74,999.99 0.10% 0.10%
$75,000.00 – $249,999.99 0.15% 0.15%
$250,000.00 – $499,999.99 0.20% 0.20%
$500,000.00 – $949,999.99 0.35% 0.35%
$950,000.00 – $1,999,999.99 0.35% 0.35%
$2,000,000.00+ 0.35% 0.35%

Business MasterCard®

with Rewards

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.
START THE APPLICATION PROCESS

See the business credit card disclosures

Get Started

Due to rate changes and fluctuations, contact our Business Team for current rates.

Commercial Term Loans

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

Commercial Lines of Credit

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.

Get Started

Due to rate changes and fluctuations, contact our Business Team for current rates.

Get Started

Due to rate changes and fluctuations, contact our Business Team for current rates.

SBA Loans

The U.S. Small Business Administration (SBA) recognizes that conventional loans may not offer many small business owners access to the capital they need to keep their businesses strong and help them grow.

Therefore, the SBA has developed a number of financial programs for small businesses, and partners with financial institutions like Verve to provide them to you—the small business owner—at the local level. The SBA’s government-guaranteed programs offer qualified borrowers more flexibility, so you can improve and invest in your business.

Meet the Business Team

Our Business team is made up of seasoned financing and lending experts who are passionate about writing success stories for our members and their businesses. Our team strategizes with business owners to bring their growth plans to life. Their goal is to be a contact point to help introduce product and services to enhance business efficiencies.

John Hill

VP of Business Lending

John works to help members grow their businesses and accomplish their goals, providing the highest level of service and financial guidance. When it comes to his work with Verve business members, John always says, “If you do the right thing every day, success will follow.”

Call John at 920.230.3021

Va you Yang

Business Lending Officer – La Crosse

Responsible for business loan growth in Verve’s La Crosse membership area, Va you has experience in many financial industry positions, most recently as a senior credit analyst. When it comes to serving with Verve, Va you puts his proactive personality and adaptability to work to bring members an excellent financial experience.

Call Va you at 608.779.2416

Warren Kusay

Business Lending Officer - Chicago

Warren Kusay
Business Lending Officer - Chicago
312.491.7172
[email protected]

Becky Flanagan

Portfolio Relationship Manager

Becky Flanagan
Portfolio Relationship Manager
920.230.3058
[email protected]

Zach Guizar

Small Business Banker Chicago Region

Zach Guizar
Small Business Banker
312.491.7006 [email protected]

Lori Francis

Small Business Banker La Crosse + Western Wisconsin Region

Lori Francis
Small Business Banker
608.779.2405
[email protected]

Not sure which solutions are right for your business?