- You own it, you name it whatever you want (e.g., company checking, payroll checking, etc.)
- You’re the quarterback of your company, so we give you a quarter back for every debit card transaction of $25 or more1
- Easily access over 55,000 conveniently located, worldwide surcharge-free ATMs through the Allpoint Network2
- Deposit checks and pay bills at no cost from your mobile device
- No monthly maintenance fee, no minimum balance requirement
Accounts
“OTHER BANKS HAVE NO IDEA WHAT ACCOUNTS I NEED”
ACCOUNTS TO HELP MANAGE YOUR BUSINESS
We designed our accounts specifically for those businesses the big banks ignore.
“YOU OWN IT” CHECKING
INTEREST CHECKING SPECIAL
- Help your money grow with a competitive 4.08% blended APY3 on balances up to $10,000
- You own it, you name it whatever you want (e.g., company checking, payroll checking, etc.)
- Easily access over 55,000 conveniently located, worldwide surcharge-free ATMs through the Allpoint Network2
- Deposit checks and pay bills at no cost from your mobile device
- No monthly maintenance fee
“YOU OWN IT” SAVINGS
- Help your money grow with a competitive 5.01% APY4 on balances over $200,000.01
- You own it, you name it whatever you want (e.g., company savings, tax savings, etc.)
- Easily access over 55,000 conveniently located, worldwide surcharge-free ATMs through the Allpoint Network2
- Deposit checks at no cost from your mobile device
- Manage your finances and set up savings goals
FEATURES TO SAVE YOU TIME, MONEY AND STRESS
- Automated text and email alerts to:
- Let you know if your balance is low
- Indicate if a customer payment has been returned
- Provide notification of deposit clearing
- Access to over 55,000 conveniently located, worldwide surcharge-free ATMs through the Allpoint Network2
- Deposit checks right from your phone
- QuickBooks integration or account downloads to import into your accounting system
- FDIC insured as a division of Liberty Bank
“WHAT’S THE DIFFERENCE?”
Here are just a few of the ways Owners Bank cuts through the BS.
- No hidden account fees
- Fast, simple and easy mobile app
- Quick and easy loan application
- Ability to send invoices and accept digital payments
- Free tools to manage finances and set up savings goals
- Automated text and email alerts
- Tools to move money fast
- Access to over 55,000 surcharge-free worldwide ATMs through the Allpoint Network2
- Actual U.S.-based support people
- A bank created by owners, for owners
Most Traditional Banks
- Fees listed in the “fine print”
- Outdated banking apps
- Lengthy loan approval process
- No tools provided for small businesses
- Charges you for money management tools
- Snail-mail communication
- Outdated payment technology
- Limited access to local ATM networks
- Automated phone robots
- Does not specialize in small business banking
1. “You Own It” Checking rebates $0.25 for each qualified transaction that posts within the statement period. Qualified transactions are debit card purchases of $25 or more. ATM transactions do not qualify. Rebates post on last day of statement period while account is open and are labeled as “Cash Rewards.” May be subject to 1099 reporting. Fees may reduce earnings.
2. Other banks may charge you to use their machine. We do not rebate these ATM surcharges.
3. The interest rates and Annual Percentage Yields (APY) indicated are effective as of July 10, 2023 and are subject to change without notice. Offer expires December 31, 2023. Account is subject to 1099 reporting and fees may reduce earnings. $100 minimum to open. Minimum balance to earn APY is $0.01. Rate will be applied to the average monthly balance, will post on last day of statement period while account is open and is labeled as “Credit Interest”.
To qualify for the interest checking special customers must have at least 10 Debit Card Transactions, with a minimum dollar transaction amount of $5.00, post and clear the account per month AND all accounts held must be in good standing at all times during the six month period. Debit card transactions do not include ATM transactions, balance inquiries, and any other non point of sale transactions.
The Interest Checking Special will be effective for a 6 month period starting on the day the account is opened. Any month that the above stated qualifications are not met the account will return to the current variable interest rate in effect at that time and you will not be eligible to receive the special until the following month and will be effective on the date the requirements are met again until the end of the 6 month period after the account opening date on the condition of the requirements being met.
The variable APY is a blended APY calculated using the Interest Checking Special rate and the current variable interest rate for the Interest Checking Account (no special).
The current variable interest rate for the Interest Checking Account reflects what your interest rates would be if the requirements were not maintained, or the 6 month period expired today. To earn the 4.08% APY, you must have a daily balance between $0.01 and $10,000.00. Daily balances $10,000.01 to $100,000.00 earn a 2.02% APY and daily balances $100,000.01+ earn a 2.28% APY.
4. The Annual Percentage Yields (APY) indicated are effective as of December 1, 2023 and are subject to change without notice. May be subject to 1099 reporting. Fees may reduce earnings. $100 minimum to open. Minimum balance to earn APY is $0.01. Daily balances of $0.01 – $100,000.00 earn a 3.50% APY, daily balances $100,000.01 – $200,000.00 earn a 4.25% APY, and daily balances $200,000.01+ earn a 5.01% APY.
Business Loans & Credit
“WHEN I NEED A LOAN, I NEED IT NOW”
Fast Access to Business Loans and Credit
Up to $1,000,000
TERM LOAN:
Fixed interest rates and shorter repayment terms. Fast funding and easy process for your major purchases.
- Loan amount: Up to 1 million
- Term length: Up to 60 months
- APR as low as 8.5%
UP TO $250,000
LINE OF CREDIT:
For working capital to manage cash flow, inventory or other capital expenditures.
- Credit limit: Up to $250,000
- Revolving line of credit
- Variable APR as low as 8.5%
UP TO $50,000
CREDIT CARD:
A business credit card for every day purchases.
- Fast approvals and competitive credit card rates
- Digital dashboard to check balance and make payments
- Rewards program for travel, gift cards, merchandise and more!
Click here for more information and to read the Owners Bank Credit Card terms and conditions.
HERE’S WHAT YOU’LL NEED TO GET STARTED:
- Minimum credit score: 650
- Your business must be registered to operate in Connecticut, Massachusetts, Rhode Island or Pennsylvania
- More than 6 months in business (term loan and line of credit only)
All loans and lines subject to credit and underwriting approval.
OWN IT! REWARDS
The Owners Bank business credit card includes our Own It! Rewards Program
- Earn 1 point for every $1 you spend on eligible purchases
- 10,000 bonus points awarded in the first 120 days of card opening
- Incentive qualifying net dollar amount spent – $1,200
- Incentive reward for qualifying amounts – 10,000 points
- Minimum of 12 transactions
- Redeem for merchandise, gift cards, travel and more.
Rewards program login: https://www.theloyaltyrewards.com/ownitrewards/Login
To download the Owners Bank Mobile App:
Get Started
And Apply
