Ensure your money works as hard as you do with an Embassy National Bank business savings account. Setting up a business savings account today will build your financial sustainability for tomorrow.
Other details and fees such as non-sufficient funds, wire fees, etc. may apply. Speak with one of our staff and request a copy of our fee schedule for more information.
Embassy Business Savings
Opening Balance
$100
Minimum Balance
to Earn Interest
$1.00
Interest Compounds
Daily/ Paid Quarterly
Monthly
Maintenance Fee
Statement Cycle
Quarterly
Pre-Authorized
Transfers/ Withdrawals
6 per statement cycle
Fee for Excessive
Withdrawals
Possible
Embassy Commercial Money Market Account
Opening Balance
$1,000
Minimum Balance
to Earn Interest
$1.00
Interest Compounds
Daily/ Paid Monthly on a balance over $1,000
Monthly
Maintenance Fee
$10 unless waived for avg. daily balance over $1,000
Statement Cycle
Quarterly
Pre-Authorized
Transfers/ Withdrawals
6 per statement cycle
Fee for Excessive
Withdrawals
$10 per item
Embassy National Bank has simplified the process of opening a business account.
We only need the following two documents to get started:
Taxpayer Identification
We require a Business tax ID number or Employer Identification Number (EIN) to open a new account. If your business is a sole proprietorship, you can simply use your Social Security Number. Additionally, everyone who will be an authorized check signer or make transactions on behalf of the business must have a Social Security Number and government-issued photo identification.
Legal Structure of Your Business
Embassy National Bank may require specific documentation to determine the legal structure of your company. These may include Articles of Organization, articles of incorporation, or a charter. We may also be able to accept similar legal documentation that demonstrates when your business was formed. If you have a sole proprietorship, these documents may not be required.
