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Business Savings Business

A savings account that works for you

Farmers National Bank offers a business savings account with a variable interest that helps your company earn money, as well as convenient online tracking through E-statements.

Comparison table of business savings accounts.
  Business Savings
Minumum to Open $100
Monthly Service Fee $5.00 if daily balance falls below $100 at anytime during the month
Interest Variable rate applied on daily balances over $1.00
Statement Quarterly Statement
Additional Information $1.00 service fee for each withdrawal over 6 per month
Debit Card Savings can be attached to debit card to allow ATM withdrawals
Business Online Banking, Mobile Banking & E-statements* Yes

Business Debit Card

Features

  • Card displays company name and name of the authorized user
  • Separate cards available for each authorized user
  • Multiple authorized signers (Maximum 6 per account)
  • Easy expenses tracking from checking account statement or online anytime
  • Dollar limits set individually
  • Each card authorized or restricted for ATM usage and POS terminal usage/purchases
  • Changes to the cards authorized by the business owner/manager only
  • If one card is lost or stolen, it can be frozen and other cards remain active
  • If an employee leaves, card can be frozen and other cards remain active
  • Currently, a 1% fee is assessed on international transactions when a currency conversion occurs. Fee is unchanged. Visa will impose a 0.8% fee on foreign transactions when a currency conversion is not performed.

*Canceling E-Statements: You may opt-out of E-Statements at any time by visiting one of our branch locations. If you opt-out of E-Statements, we will resume delivery of your paper statements by U. S. Mail. There will be a $30.00 reinstatement fee associated with the reinstatement of paper statements. For Totally Green & Business Green Checking accountholders, there will be an additional $3.00 monthly paper statement charge.

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