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Business Accounts

Taking Care of Business (TCB) Checking

TCB Checking works hard for your business. With no monthly service fee or minimum balance requirement, TCB Checking is the perfect account for businesses and Not For Profit Organizations.

  • Minimum opening balance of $100.00
  • Non-Interest bearing Account
  • No monthly service fee or minimum balance requirement
  • Unlimited transactions- checks, deposits, credits and debits
  • Monthly statements are available by mail or you can "GO GREEN" and enroll in paperless E-statements! Either option includes check images
  • Business MasterCard® Debit Card 1
  • Online Banking & Bill Pay Services available through enrollment
  • No fee for first order of checks  2
  • Quicken® and QuickBooks™ Web Connect compatibility

Elite Business Checking Account

Elite Business Checking allows you to have easy access to your funds while earning interest.

  •  Minimum opening deposit is $100.00
  •  Minimum daily balance to earn annual percentage yield (APY) is $0.01
  • Interest is accrued daily, paid monthly and APY is subject to change without notice
  • Unlimited transactions- checks, deposits, credits and debits
  • Tiered rate: Variable rate based upon total balance VIEW RATES
  • A $10.00 monthly service fee applies each month your average monthly balance falls below $1,000.00 , fees may reduce earnings
  • Monthly statements are available by mail or "GO GREEN" and enroll in paperless E-Statements. Either option include check images
  • Business MasterCard® Debit Card 1
  • Online Banking and Bill Pay Services available through enrollment
  • No fee for first order of checks  2
  • Quicken® and QuickBooks™ Web Connect compatibility
              

Business Preferred Savings Account

Business Preferred Savings allows you to earn a preferred rate on funds you wish to set aside from your day-to-day operating account.

  • Minimum opening deposit is $10,000.00 new money (not currently on deposit with Oritani Bank)
  • Minimum to earn Annual Percentage Yield is $10,000.00
  • Interest is accrued daily, paid monthly and APY is subject to change without notice VIEW RATES
  • Monthly statements are available by mail or "GO GREEN" and enroll in paperless E-Statements
  • Online banking services available through enrollment
  • Quicken® and QuickBooks™ Web Connect compatability3
  • Transaction limits apply 4

Interest On Lawyers Trust Accounts (IOLTA)

Oritani offers an interest-bearing attorney trust account to attorneys with fiduciary responsibility over client funds. The account earns interest, compounded daily – credited monthly, that is paid to the state's bar foundation.

  • Minimum opening deposit is $100.00
  • Minimum daily balance to earn annual percentage yield (APY) is $0.01
  • Interest is accrued daily, paid monthly and APY is subject to change without notice
  • Unlimited transactions- checks, deposits, credits and debits
  • Tiered rate: Variable rate based upon total balance VIEW RATES
  • Monthly statements are available by mail or "GO GREEN" and enroll in paperless E-Statements. Either option include check images
  • Online Banking and Bill Pay Services available through enrollment
  • No fee for first order of checks  2
  • Quicken® and QuickBooks™ Web Connect compatibility

Business Money Market Investment Accounts

Our Business Money Market Investment Account allows you to earn interest and have access to your funds

  • Minimum opening balance is $100.00
  • Minimum daily balances to earn Annual Percentage Yield (APY) is $1,000.00
  • Variable rates on tiered balances of $1,000.00 or more VIEW RATES
  • A $10.00 monthly service fee applies each month your average monthly balance falls below $1,000.00, fees may reduce earnings
  • Online Banking Services available through enrollment
  • Quicken® and QuickBooks™ Web Connect compatability
  • Transaction limits apply 4

Trust, Escrow, & Security Deposit Accounts

For attorneys and property managers who hold client funds or rent security deposits, Oritani Bank offers Trust and Escrow Accounts. These accounts are designed to augment record-keeping and reporting, thus minimizing administrative time. Easy-to-read statement itemizing activity to the master account and client accounts. IRS Forms 1099 provided for each sub-account for clients.

For more information, contact Oritani's

* Savings and Money Market Accounts have transaction limitations: You may not make more than six transfers to another account or to third parties by preauthorized withdrawals (including checks), automatic computer, or telephone per statement cycle. If, in the course of a statement month, you exceed the number of allowable transactions, you will be charged a $10.00 fee for each item over the allowable limit. Fees may reduce earnings. If you exceed the number of allowable transactions, we may close the account or require you to transfer to an appropriate account type.*

1 Free MasterCard Debit Card will be authorized and approved to qualified businesses only. Any overdrafts or payment issues will result in not offering the card.
2 Introductory checks consist of a Business Intro Package, which includes 150 checks and endorsement stamp.
3
4  Savings and Money Market Accounts have transaction limitations: You may not make more than six transfers to another account or to third parties by preauthorized withdrawals (including checks), automatic computer, or telephone per statement cycle. If, in the course of a statement month, you exceed the number of allowable transactions, you will be charged a $10.00 fee for each item over the allowable limit. If you exceed the number of allowable transactions, we may close the account or require you to transfer to an appropriate account type. Fees may reduce earnings.

 

 

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