Business Financial Services & Products

Cash Management

Use Skagit Bank’s robust Cash Management Online Banking service to meet the more complex needs of your business.

Benefits Include:

  • Originate ACH Transactions
  • Submit Online Wires
  • Allow non-signer access to
    selected accounts
  • Use Dual Control on
    selected Transactions
  • Use the Positive Pay Fraud
    Prevention tool

Fees:

  • $25.00 per month

ACH Origination

Upon approved application, the ACH Origination system allows for customers to send and receive funds from bank to bank using Automated Clearing House (ACH).

Benefits Include:

  • Offer Direct Deposit Payroll
  • Pay or receive invoices electronically
  • Initiate dues or membership fees

Fees:

  • $25.00 per month plus $0.10 per transaction

Remote Capture

Your time is valuable. Spend more time focusing on your business and less time running to the bank. With Remote Deposit Capture (RDC) customers can deposit checks using a desktop scanner.

Benefits Include:

  • Make Deposits from your office
    Monday-Friday up until 6:00 pm
  • Scan from multiple locations

Fees:

  • $40.00 per month
    (Customer provided scanner)
  • $65.00 per month
    (Bank provided scanner)
  • $60.00 Set Up Fee

Positive Pay

Positive Pay Processing is an online tool used to detect and prevent fraudulent items. Using our POS system you can stop outgoing items before they post to your account.

Benefits Include:

  • Available for ACH & Check Items
  • Works through the Cash Management Program

Fees:

  • $10.00 per month

Business Checking

  Small Business Checking Business Interest Checking Analysis Checking
Minimum Opening Deposit $100.00 $100.00 $0.00
Monthly Service Charge $5.001 $10.004 $0.00
Online Banking
Debit Card * * *
Debit Fee $0.152   **
Item Deposit Fee $0.152   **
Earnings Credit     **
Earns Interest   3 **
View more details about Skagit Bank business checking accounts.

Business Savings

  Business Savings Business Money Market Business Time Certificates of Deposit
Minimum Opening Deposit $100.00 $100.00 Varies
Monthly Service Charge $3.005 $10.004  
Online Banking
Excessive Withdrawal Charge $1.006 $1.008  
Account Closing Fee $10.007    
Earns Interest 3 3 3
Tiered Interest Rate
View more details about Skagit Bank personal savings accounts.

*Upon qualification.
**Ask one of our representatives for more information.

1. Waived if a minimum daily balance of $500.00 is maintained during the monthly statement period.
2. First 50 debit transactions and first 100 deposited items at no charge, per monthly statement period.
3. For more information on current interest rates and annual percentage yields, please see our current Interest Rate Information Sheet.
4. Waived if a minimum daily balance of $1,500.00 is maintained during the monthly statement period.
5. Waived if a minimum daily balance of $250.00 is maintained per calendar month.
6. For each debit in excess of six (6) per calendar month. A maximum of six (6) telephone, preauthorized or electronic transfers can be made from the account each calendar month.
7. If account is closed within ninety (90) days of opening.
8. For each debit in excess of six (6) per statement month. A maximum of six (6) checks, preauthorized, electronic or telephone transfers are allowed per monthly statement period.
9. An account that is inactive (debit or credit) for 24-60 months will be reclassified as a dormant account. Dormant accounts will be subject to a regular monthly service charge of $6 (non-refundable per State of Washington). The time periods of inactivity are as follows:
24 months: All checking, money market, interest checking, and savings accounts.
30 months: Time Certificates of Deposit
60 months: Safe deposit boxes

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