open your business accounts online quickly and easily.
Business Checking & Statement Savings with 100% Deposit Insurance
Business Statement Savings**
Open Online Now
Our quick and easy online application can be completed from the comfort
of your office (or home). Start managing your money the way YOU want to!
100% Insured Deposits
Since we’re a member of both the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF), your deposits are insured down to the last penny. DIF, which has been insuring deposits since 1934, is a private, industry-sponsored insurance fund that insures all deposits above the $250,000 FDIC limit. This means your deposits are 100% insured. No depositor has ever lost any funds insured by both the FDIC and DIF. As an added bonus, DIF requires no applications or special forms of coverage. You automatically receive this added insurance benefit when you hold deposits at BankProv.
*Business Checking generates an earnings credit of 0.015% of the daily collected balance which can be used to offset the monthly service fee of $10.00 or other fees incurred. Refer to the Fee Schedule for details. A $0.10 fee will apply to each deposited item and a $0.25 fee to each deposit. Surchage fees may be charged by non-Provident ATM owners with exception of ATMs on SUM network, in addition to a $2.00 fee charged by The Provident Bank. Minimum amount to open account is $10.00.
**Business Statement Savings requires a minimum daily balance of $500.00 to avoid a monthly service fee of $5.00. Annual Percentage Yield (APY) accurate as of 11/02/2020. 0.10% APY and 0.095% interest rate apply to balances of $10.00 or more. Rates may change after account is opened. Fees may reduce earnings. Surchage fees may be charged by non-Provident ATM owners with exception of ATMs on SUM network, in addition to a $2.00 fee charged by The Provident Bank. Minimum amount to open account is $10.00.