Signature Bank recognizes the individual needs of your business, and responds with products and services befitting the high value we place on each business banking relationship.
Whether your business is a sole proprietorship, a small business or a major corporation, Signature Bank has a solution for your business checking needs. A business checking account provides a record-based method for disbursing payments and tracking receipts.
Signature Bank offers a variety of savings opportunities for business clients: Money Market Accounts, Time Deposits and Savings Accounts.
A key component of a "bank for business" is its involvement with the business community and its ability to offer support, advice and capital to meet a variety of borrowing needs. We're that kind of bank. Our commitment to helping businesses grow is paramount to our current and future success.
Cash Management Services
Signature Bank offers a variety of products and services designed to help businesses meet their unique cash management needs. Enhance internal controls by using our cash management product which allows you to define users and their functionalities/roles.
Access your money faster and save time. Now you can capture the image of checks, money orders and cashier's checks, then deposit them electronically from your place of business directly into your Signature Bank checking account. This simple, but secure, check processing system is as easy as working with credit cards. It also saves time by avoiding the frequent trips to the bank and filling out deposit slips by hand.
With our lockbox service, checks for deposit are received, processed and deposited by Signature Bank directly. A daily report is generated detailing each day's deposit activity and provided to you by fax or e-mail.
Zero Balance Account
A Zero Balance Account (ZBA) gives you maximum cash control by providing you with one master account at Signature Bank. This allows you to deposit and maintain funds in only one main account. When needed, funds are "swept" from the main account to other accounts to cover payroll or other special account purposes.
Automated Clearing House
Signature Bank provides increased security, while reducing paperwork and time, by using electronic payment and collection processes through the Automated Clearing House (ACH) system. This service is commonly used for direct deposit, vendor payments and collection of monthly payments such as rents or dues.
If needed, Signature Bank debit cards are available in conjunction with your business checking account. With this card, you can make deposits to your business account 24 hours a day at ATM machines throughout the MoneyPass® Network. You can also make purchases from any merchant that accepts VISA®. The purchase will be automatically deducted from your business checking account.
Our debit cards offer additional protection from fraud with help from FraudWatch PLUS®. Experienced fraud analysts work around the clock, watching for any suspicious card activity and will contact you immediately if they detect potential fraud on your card.
If you ever receive a call from “Fraud Prevention Services” know that they are doing their job to prevent potential fraudulent use of your card. You will never need to provide them with any confidential information. They will have everything they need to help prevent fraud.
To make sure your transactions are approved when you need it most please take the following steps:
- Make sure your contact information with Signature Bank is current
- Please notify us if you will be traveling out of the state or country
- If you are contacted by Fraud Prevention Services please return their call promptly or contact Signature Bank
VISA® Credit Cards for Business
Signature Bank offers several choices of Elan VISA® credit cards for business use. The perfect solution for businesses who have employees that make regular business related purchases, entertain clients, and/or pay for work related travel, and don't want their employees to have access to the business's banking accounts.
Positive Pay is a fraud detection tool that verifies the dollar amount and check number of checks being presented for payment against a list previously provided to Signature Bank. Any checks that are "exception items" have to be approved by the client or they will not be cleared.
Signature Bank has partnered with COCARD, a local company who offers merchant processing solutions, to help businesses accept credit and debit cards, or potentially launch a personalized gift card program.