VNB Small Business Checking

We recognize that small business owners are some of the hardest-working members of our community, which is why you deserve a checking option with great benefits. Our VNB Small Business Checking account provides 300 free monthly transactions and no fee for up to $10,000 in cash processing per month. You can even avoid a $25 monthly maintenance charge by maintaining a minimum daily balance of $999.

  • Key Benefits
    • Perfect for small businesses
    • 300 checking transactions FREE including checks paid, deposits, deposited items, ACH credits/debits
    • Low minimum daily balance of $999
    • No fee for up to $10,000 in cash processing per month
    • *Avoid a monthly maintenance charge by maintaining a minimum daily balance of $999
  • Disclosure

    New Federal Regulation

    Starting May 11, Valley, and other financial institutions, will be required to follow a new federal regulation called the Customer Due Diligence (CDD) Rule. This means we’ll be required to obtain, verify and record information about the beneficial owner(s) of businesses and corporations, also considered legal entity customers.

    Who is a beneficial owner?
    Beneficial owner(s) include individuals who directly or indirectly own 25% or more of the legal entity’s equity interests, and one person with significant responsibility to manage the entity.

    What this means to you
    Each time an account is opened on behalf of a legal entity, we will be required to ask for:
    • Identifying information about the beneficial owner, including, but not limited to: name, residential address, date of birth, social security or similar number.
    • Documents to verify the identity of the entity, the ownership structure of the entity, and the identity of the beneficial owner.

    Questions about the CDD Rule?
    If so, please speak with your Branch Representative or call Customer Service at 800-522-4100 from 6 AM to 11 PM ET, seven days a week.
3 Ways to Help You Grow Your Business
PLANNING FOR BUSINESS

3 Ways to Help You Grow Your Business

Growth is one of the biggest challenges for a startup or small business owner. That’s why Valley National Bank established its Community Lending Team – to help businesses create a strategy and identify the right services to help them grow.

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