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Business Deposit Services
 
The financial needs of every business are different. At Sound Bank, we work with customers to determine the banking services that are right for them. Whether your business is new or well-established, seasonal or year-round, we want to help you make choices that enhance your financial success. As your business grows and your needs change, Sound Bank will assist you with loans, investment services, cash management, and other services. As a business customer, you will learn that we stand by out motto of …
Sound Thinking, Solid Results.
 
Our banking officers will work to understand your financial needs and will strive to assist you in meeting your financial goals.
 
Business Plus Checking
If your business has 200 transactions or fewer (deposits, deposited items and checks) per month, Business Plus Checking from Sound Bank may be just the account for you. If you keep a $1,000 minimum daily balance, there is no monthly fee for this account.
 
Business Plus Checking - when keeping it simple is one of your goals.
Monthly Service Charge $10
Number of Items Allowed Per Month 200 (deposits, deposited items and checks)
Fee Per Item Over Allowed Number $0.20
Amount Required to Open Account $100
Business Platinum Checking
As your business grows and the number of transactions increases, consider Business Platinum Checking. With 500 transactions or fewer (deposits, deposited items, and checks) per month, Business Platinum Checking from Sound Bank is right for you. If you keep a $5,000 minimum daily balance, there is no monthly fee for this account. Your first order of special Business Platinum checks is free.
 
Business Platinum Checking- perfect for your growing company.
Monthly Service Charge $20
Number of Items Allowed Per Month 500 (deposits, deposited items and checks)
Fee Per Item Over Allowed Number $0.20
Amount Required to Open Account $100
Commercial Analysis

Taking advantage of the benefits and flexibility of Commercial Analysis Checking makes sense for larger businesses that have a great number of transactions each statement cycle. An earnings credit is applied to this account based on your balance level, and if it is large enough, it will offset any charges that may occur on the account.

This account offers the added benefit of a sweep feature that enables you to earn interest on excess cash balances. Contact your Sound Bank representative to find out if a Commercial Analysis Account with a sweep option is right for your business.

Earnings credit based on 3 month Treasury bill applied to average balance to offset the following service charges:

Monthly Maintenance $15
Per Deposit $0.27
Per Checks & Other Items Paid $0.17
On-Us Deposited Items $0.09
Local (NC) deposited Items $0.10
Non-Local Deposited Items $0.10
Deposited Item Charge Back $7.00/$32.00
Business Money Market Deposit Account
A Business Money Market Deposit Account provides competitive money market interest rates, tiered to pay you more as you save more. Interest tiers are: Less than $1,000, $1,000 - $9,999, $10,000 - $49,999, $50,000 - $99,999 and $100,000 and over. By regulation, this account only allows six pre-authorized transfers and withdrawals, or a combination per statement cycle. With an opening deposit of $100, you can take advantage of this account today. See your customer service representative for more information.
Monthly Service Charge None
Number of Items Allowed Per Month 6 withdrawals
Fee Per Item Over Allowed Number $15
Amount Required to Open Account $100
Account Balance Required to Earn Interest $1,000 or more
Certificates of Deposit
A Certificate of Deposit from Sound Bank offers the flexibility of a short term investment or the earning power of a long-term investment, whichever meets the needs of your business. For added savings, your interest may be reinvested in your certificate, or if you prefer, we can deposit your interest into your Sound Bank checking or savings account. All of our certificates are automatically renewable. CD’s can be purchased for as little as $500. Check today for the CD that is right for your business.
 
Additional Services
 
Business Access – Online Banking
Online Banking from Sound Bank provides access to your accounts with us anywhere, anytime, from any computer with Internet access. By going to www.soundbanking.com and clicking on the Online Banking icon, you will be able to check deposits made, find out which checks have cleared, confirm your balance, make stop payments and more. Your accounts literally will be at your fingertips. All of this convenience and there is no monthly charge.
Bill Pay
In addition to Online banking, you can pay bills online making the payment of regular monthly bills as well as one time payments as easy as 1-2-3. You’re in control of when payments are made, to whom they are made, and for how much. You’ll save money on the cost of postage. Even better, you’ll save time.
Check Imaging

Each month, you will receive pages with images of your canceled checks in check number order, making balancing your statement and record keeping for your account easier than ever. You will be able to put these already hole-punched statements into a three-ring binder for easy access. Check Imaging provides a great way to keep your financial records in order.

Sound Bank Courier Service

Sound Bank provides a courier service for business customers in Carteret, Eastern Craven and Eastern Onslow Counties. Our courier allows your business to make daily deposits and other transactions without having to visit the Bank Office. The courier is available on a daily basis and may increase office productivity by eliminating the need for employees or business owners to leave their offices to conduct company banking transactions. Please contact your Branch Office for details.

Sound Bank Convenience Service

Sound Bank is pleased to provide Convenience Service to our business customers. At your convenience, we will travel to your business to open accounts or assist with any other banking needs. Call us. We will have someone sitting across “your desk” opening your new account and showing you why it pays to be a part of the Sound Bank family.

 
For additional information on these and all of our services, call our Morehead City office at (252)727-5558, Cedar Point Branch at (252)393-8460, Beaufort Branch at (252) 728-2181, New Bern Office at (252) 672-5958 or Jacksonville loan office at (910) 577-9260.