Business Checking & Savings

We Offer A Wide Range of Accounts To Meet Your Needs

Thank you for inquiring about the Business Deposit Products available at San Luis Valley Federal Bank. We believe you will find our services to be of quality and very competitive.

Amanda Gallagher
Commercial Deposit Services

Listed below is information on just some of the accounts and features the Business Deposit Program from San Luis Valley Federal Bank has to offer. If you would like more information, please do not hesitate to call.

Business Deposit Products:

The following accounts are designed for the “non-profit” entities such as volunteer groups, organizations, or associations, and governmental, religious, philanthropic charitable or educational entities. They are also available to the sole proprietor DBAs that are un-incorporated. There is a minimum $50.00 to open these accounts.

SLV 100
Benefits:

  • Non-Interest bearing
  • No minimum balance required with activity
  • Online Banking / E-Statement capability
  • Business VISA® Debit Card available
  • Bill Payment services available
SLV VIP

Benefits:

  • Interest bearing
  • No minimum balance required with activity
  • Online Banking / E-Statement capability
  • Business VISA® Debit Card available
  • Bill Payment services available
SLV Wall Street
Benefits:

  • Interest bearing (higher rate with balance of $2,500 or more)
  • $8 monthly fee on balances falling below $1,000
  • Online Banking / E-Statement capability
  • Business VISA® Debit Card available
  • Bill Payment services available
The following checking account is designed for the “for profit” entity set up as Incorporated, LLC, or Partnership. The minimum to open this type of account is $100.00.
SLV 500 Benefits:

  • $100 minimum to open
  • Minimum balance of $500
  • $10 monthly fee on balance falling below $500
  • Online Banking / E-Statement capability
  • Business VISA® Debit Card available
  • Bill Payment services available
  • No interest earning account
Other Business Accounts Available
Sweep Account Benefits:

  • Only available to commercial checking account customers
  • Interest bearing with tiered rates
  • Unlimited transfers/sweeps from the business checking account
  • $5.00 fee monthly if balance falls below $500
Insured Money Market Benefits:

  • Minimum $1,000 to open
  • Allows 6 transfers per month
  • Tiered interest rates
Available Features
Online Banking: Online Banking is available to all business customers. It will enable you to have access to account history, E-Statements, Bill Payment services, and various reports. Multiple users can also be established with specific access parameters. Two types of online access are available as listed:
Basic Online
Primarily for account balancing with no charge for the service. Required enrollment for Business Online to be completed online then submitted for verification and approval.
E-ACH Online
Access to electronic programs for Customer Billing and Employee Direct Deposit Payroll. Used for account balancing as well. $5 monthly maintenance fee for E-ACH. Requires enrollment for Business Online to be completed online then submitted for verification and approval along with completed in-house E-ACH Business Disclosure.
Merchant Card Services: Credit card processing services are offered by Bankers Bank of the West. A representative will help provide prompt and personal service. Let us know if you are interested in accepting credit/debit cards at your place of business and we will try and have a representative contact you within 48 hours.
Account Analysis: Our business accounts charge for each checking service separately, so you pay only for the services you need. Account analysis examines account activity and, therefore, maintaining balances appropriate to the number of services used can offset monthly service charges.