Tailored Solutions
for Your
Business Banking
Needs
Bank
Comprehensive Business Banking Solutions for Your Company
Business Checking
Kickstart your financial management by opening a business checking account, allowing you to monitor business spending separately from personal expenses. Benefit from online banking and a business debit card for hassle-free transactions.
Features & Fees
Features
- Online Banking
- E-Statements with check images
- Merchants Debit Card
Fees
- No monthly service fee if balances cover the account's activity
- Earn earnings credits to offset activity fees
- $100 minimum opening deposit
Value Business Checking
Designed for small businesses, this checking account includes 200 free monthly transactions. Manage your account effortlessly with online banking, your own debit card, and eStatements.
Features & Fees
Features
- Checking designed for small businesses
- 200 free transactions per month (additional transactions are 25¢ each)
- Online banking
- E-Statements with check images
- Merchants Debit Card
Fees
- $10 monthly service fee (can be waived)
- Waived with a $2,000 minimum daily balance or a $5,000 average monthly balance
- $100 minimum opening deposit
Business Debit Card
Manage purchases and business expenses with our free MasterCard® debit card, offering direct access to your account and global, 24/7 purchasing power. Easily equip your business with additional cards, setting limits for employees as needed.
Features
- Available with any Merchants Bank business checking account
- Simplifies expense tracking and reduces costs of purchasing checks
- Multiple cards can be issued with pre-set employee limits
- Safer than carrying cash and more
- Make purchases online or in-store virtually anytime, anywhere
- 24/7 access to funds via ATMs
Business Credit Card
Oversee your business activity effortlessly with the Merchants Bank business credit card, featuring powerful online account management tools for easy monitoring.
Card Options
Platinum
- No annual fee
Platinum with Cash Back
- Earn 1% cashback up to $1,000 annually with a $79 annual fee
Commercial Purchase Card (PCard)
- For businesses needing more control or additional cardholders
Features
- Track purchases with itemized statements and manage payment options and transactions online
- Improve cash flow with added buying power and make business purchases worldwide.
- Set account alerts to track payments and balances, with up to 50 cardholders per account.
- Visa® Zero Liability: Only pay for authorized purchases; unauthorized purchases are not your responsibility
Merchants Bank is not responsible for all credit decisions.
Click Below to Apply Online
Business Money Market
Achieve higher returns on your business savings with tiered interest rates while retaining flexibility for your financial needs. This account offers direct check-writing, providing both growth and accessibility.
Features & Fees
Features
- Tiered interest rates
- Eligible for Merchant's The Point Money Market, offering one of the highest interest rates available
- Free online banking and bill pay
- Free E-Statements
Fees
- $100 minimum opening deposit
- $10 monthly service fee (can be waived with one of the following):
- Maintain a $5,000 minimum daily balance
- Maintain a $10,000 average monthly balance
Borrow
Discover the Right Loan Options for Your Business
Loans
Business Loans Designed to Fit Your Needs
Merchants Bank offers a wide selection of lending products tailored for businesses. Contact us today to connect with a loan officer, explore your options, and get started.
SBA Lending
Achieve Business Success with Our SBA Loan Programs
At Merchants Bank, our experienced SBA team is dedicated to helping your small business thrive. We offer a variety of Small Business Administration loans to support both new and existing businesses.
Benefits
- Fixed or variable interest rates
- Flexible terms and down payment options
- No balloon payments
- Relaxed collateral requirements
- Reduced borrower equity requirements
- Loan amounts up to $5 million
Uses for an SBA Loan
- Purchase equipment
- Purchase or refinance commercial real estate
- Fund construction or improvements
- Purchase or expand a business, including owner buyouts
- Fund working capital or inventory
Requirements
- Must be a for-profit business
- Requires personal guarantees
- Management experience in the business is necessary
- Business owners and partners must demonstrate good character
Ready to Take Your Business to the Next Level? Contact Us Today to Explore Our Sba Loan Options!
Manage
Remote Deposit
Deposit Quickly and Securely from Anywhere
Deposit checks from anywhere with ease. Just scan and send through our secure software.
Features
- Deposit checks directly from your computer
- User-friendly: simply scan and send
- Save time by avoiding trips to the bank
- Encrypted software ensures your financial information is secure
- Receive dedicated, personal service
Join Us Today and Experience the Convenience of Remote Deposits!
Online Banking
Secure and Convenient Online Banking for Your Business
Managing a business can mean early mornings and late nights, making branch visits inconvenient. With our online banking service, you can manage your business accounts anytime, anywhere. Check balances, monitor transactions, transfer funds, and more—all from your office or home.
Features
- Manage accounts from your computer, including viewing balances and reviewing transaction history.
- Make loan payments and sign up for E-Statements
- Additional online banking services are available
- Encrypted for your security
Experience the Ease of Managing Your Business Finances Online With Southpoint!
Treasury Management
When daily money management feels stressful and inefficient, Merchants Bank can help make your time and finances more manageable. Focus on running your business while we handle the rest. We offer a variety of Treasury Management services designed to enhance your business’s efficiency.
Features
Fraud Protection
- Positive Pay: Protect your business from fraud by sending us a file of issued checks, which we match as items clear. True suspect items are reported online for your decision.
ACH Services
- ACH Cash Concentration: Transfer funds from multiple depository accounts at other institutions into SouthPoint via online banking utilizing ACH.
- ACH Direct Deposit: Electronically deposit employees' net pay into their personal checking or savings accounts.
- ACH Vendor Payments: Pay vendor partners electronically, avoiding the need to mail checks.
- ACH Preauthorized Debits & Credits: Collect or disburse recurring payments electronically.
Payments & Funds Transfer
- Wires: Send domestic wires easily through online banking. International and domestic outgoing wires can be initiated via the wire department.
- Merchant Card Services: Accept credit cards by partnering with one of our trusted partners.
Account Management
- Online Banking: View account balances, transfer funds between internal SouthPoint accounts, set recurring transfers, and pay down loans. Initiate stop payments at your convenience.
- Lockbox: Streamline incoming payments by outsourcing accounts receivable. Payments are sent to a post office box, collected, deposited into the account by the Bank, and reported online on the same day.
Additional Services
- Courier Services: Fast, door-to-door pickup and delivery service for deposit clients.
Credit Card Manager
Manage your business credit cards efficiently through our dedicated online platforms. Whether you need to oversee your business card or purchase card, our management sites offer convenient and secure access to all your card-related services.
Credit Card Manager
Business Card Management
- Access and manage your business cards with ease.
Commercial Lenders
Charlie NeSmith
Chasity Robertson
Ross West
Michelle Kimbrough
