Business Checking

Checking accounts to help you run your business. 

 

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Compare our Business Checking Accounts

NVE Bank only opens business accounts for businesses registered in New Jersey, with all owners of the business residing or working in New Jersey.

AccountsBusiness CheckingBusiness Lifeline CheckingAttorney Business CheckingIOLTA Checking

Which is Right for You?

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Our Business Checking is business friendly with no monthly service fees. Perfect for small businesses.

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Business Lifeline Checking is exclusively for active professionals and businesses that maintain larger balances.

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An Attorney Business Account is the perfect checking account for Attorneys to manage their practice, pay their bills, and collect their fees.

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The State of New Jersey sets very specific requirements for attorneys who hold their client's funds. Client's monies held by an attorney must be deposited in an Attorney Trust Account, separate from the attorney's operating funds.

Minimum Opening Deposit

$1,000

$5,000

$1,000 

$0

Minimum Balance Requirement

$1,000

$5,000

$1,000

$0 

Monthly Service Charge

$15 if the monthly average balance goes below a $1,000

$35 if the monthly average balance goes below a $5,000

$15 if the monthly average balance goes below a $1,000

None 

Earns Interest

No

No 

No 

Yes-Interest is paid to IOLTA Fund 

Checks

Unlimited Check Writing 

Unlimited Check Writing 

Unlimited Check Writing 

Unlimited Check Writing 

No Charge Online Banking & Bill Pay

Yes 

Yes 

Yes 

Yes 

No Charge eStatements

Yes

Yes

Yes 

Yes 

No Charge NVE Bank Debit Card

Yes 

Yes

Yes 

Yes 

No Charge Telephone Banking

Yes

Yes

Yes

Yes

Business Checking

The perfect checking account to help any business manage their day-to-day operations. Simply maintain an average balance of $1,000 and you'll receive these great features and services:

  • No Charge Online Banking with Bill Pay*
  • No Charge eStatements & Account Alerts
  • No Charge Electronic Transactions
  • No Charge NVE Bank Debit Card
  • No Charge Telephone Banking
  • Unlimited Check Writing & Deposits

Business Lifeline Checking

This business checking account is exclusively for active professionals and businesses that maintain larger balances. Simply maintain an average balance of $5,000 and you'll receive these features:

  • No Charge Online Banking with Bill Pay*
  • No Charge eStatements & Account Alerts
  • No Charge Merchant Card Consultation
  • No Charge NVE Bank Debit Card
  • No Charge Telephone Banking
  • Unlimited Check Writing & Deposits

Attorney Business Account

An Attorney Business Account at NVE Bank is the smart choice to help Attorneys to manage their practice, pay their bills, and collect their fees. With a low minimum balance requirement and unlimited check writing our Attorney Business Account is the right match for any size law firm.

  • No Per Check Charges
  • No Deposit Charges
  • No Transaction Limits
  • No Charge Online Banking
  • No Charge Telephone Banking
  • No Charge NVE Bank Debit Card

Attorney Trust Account (IOLTA)

As an approved Trust Account Depository in the State of New Jersey, NVE Bank makes opening an Interest On Lawyers Trust Accounts fast and easy. Once you establish an attorney business account relationship with NVE Bank, our banking professionals will guide you through the process of setting up an IOLTA. As soon as the IOLTA Fund of New Jersey informs NVE Bank that your account has been approved to participate in the program, NVE will convert your account into an IOLTA Trust Account. The interest earned on the account will be paid to the IOLTA Fund of New Jersey to be distributed to legal service programs to support the delivery of civil legal services to eligible low income residents of New Jersey.

  • Meets New Jersey IOLTA requirements
  • Interest is paid to IOLTA Fund
  • Detailed Monthly Statement
  • Check Images

Rates are determined by the IOLTA Fund of New Jersey.

 

*Online Banking is free. Bill Payment Service for Businesses/Organizations: 10 Free Bill Pays per month. Each additional Bill Pay is $1.00

 

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