Account Management
Managing your money starts with the right account. Meridian has accounts to fit every need: large corporate, mid-size business, sole proprietor, non-profit. Whatever your size, we have an account for you.
Basic account with no monthly service charge and no minimum balance requirement. 1000 free transactions/.40 per item over 1000
Account balances generate Earnings Credits to offset fees for high account activity and Cash Management services.
- Combined Account Analysis
- Reduce or even eliminate monthly service charges by combining the balances and activity in various accounts. This service allows your business to use the balance in one account to compensate for the activity in another.
Minimum balance requirement of $1,500 to waive $8 monthly fee, entire balance earns a competitive interest rate.
The benefits of a checking account with the reward of higher interest rates. Minimum balance requirements and account restrictions apply.
Set aside escrow payments in individual, interest-bearing sub- accounts. Use our online banking service, NetTeller, to monitor accounts, activity and to make deposits.
Available to attorneys to safeguard client funds. Interest is paid to the state IOLTA Board on the attorney’s behalf.
| Account Type | Perfect for | Monthly Service Charge 1 | Minimum To Open | Transactions per statement cycle | Coin and Currency Deposits |
|---|---|---|---|---|---|
| Free Business Checking | Perfect for most businesses with 1,000 transactions or less per month | $0 | $25 | 1,000 FREE | Up to $10,000 coin/currency deposited per statement cycle FREE |
| Business Interest Checking | Designed for sole proprietorships and not-for-profits who will keep a minimum balance of at least $1,500 | Only $8 if the minimum daily balance falls below $1,500 | $25 | 1,000 FREE | Up to $10,000 coin/currency deposited per statement cycle FREE |
| Analysis Checking | For businesses with more complex banking needs | $20 | $25 | Transaction items are just $0.10 each. Earnings credit may offset activity fees | Coin and currency deposits just $0.50 each per $1,000 |
Fraud Protection
Don’t be a victim of fraud. Proactively protect your business and accounts from losses.
- Protect against check/ACH fraud by comparing approved checks to ones presented to be paid
- A powerful tool in the fight against check fraud.
- Simply provide Meridian with a list of checks you’ve issued. If a check presented doesn’t match the list, you’ll decide if you want to pay or return it.
- ACH Positive Pay allows you to control debits and credits posting to the account to help guard against unauthorized electronic activity.
Filters out unrecognized debit attempts. Prevents unauthorized electronic debits from hitting your account. You tell us who can charge your account and how much. We’ll block any unauthorized charges to your account
Balance Management
Maximize the return on idle account balances. Don’t let the money sit there, have it work for you.
Consolidate balances from multiple accounts into one concentration account. Automatic transfers move excess funds to the master account. Typically used for payroll accounts and helps to reduce overdrafts.
Excess balances are swept automatically out of the account and into our Insured Investment Sweep account. Funds are FDIC insured by disbursing the funds to other banks through Reich & Tang (3rd party). Multiple tiers available with different rates
Excess balances are swept automatically out of the account and into our Insured Investment Sweep account. Funds are FDIC insured by disbursing the funds to other banks through Reich & Tang (3rd party). Multiple tiers available with different rates
Generate interest on balances held for clients in Escrow accounts (e.g. security deposits for landlord). Interest can be paid to you or your client. We’ll also take care of the record keeping to free up your time.
Online / Mobile Banking
Meridian’s online banking services give you immediate access to your banking activity 24/7. You have real time information for real time decisions.
Meridian’s online banking service, NetTeller, will act as the control center for your daily banking and account management needs. It provides a platform for processing electronic transactions, including ACH, bill pay and wires.
Online Access through Meridian’s mobile phone app. Use your smartphone or tablet to access your accounts anytime, anywhere. View accounts, activity, make transfers, send ACHs & wires
Collection Services
Streamline your Accounts Receivable process to improve efficiency, free up resources and get money into your hands when you want it.
Scan checks with a desktop scanner to deposit checks them right from your office when you receive them; no need to go to the bank! Detailed deposit reporting available to help you manage receivables. Learn More
Use your smartphone to take a picture of the front and back of the check, send it to us and the deposit is made.
Payments/Receivables done electronically; next day availability. Collect payments from your customers electronically. ACH gives you control over when you collect your receivables, streamlines the billing process and protects both parties from fraud.
Credit Card Processing: mobile, physical, or virtual terminals available. Boost sales and expand your customer base by accepting credit cards for payments. Next day funding available as well as all the latest technology for processing cards through any channel.
Disbursement Services
Simplify the payment process to reduce costs, manage expenses and take control of your outgoing money.
Safe and secure electronic payment method. Reduce AP/AR costs, save money on paper check and mail expenses, save time and protect your confidential account information. Enables better predictability of payments for cash flow forecasting and you can upload system generated payment files from your accounting software.
NACHA Upload
NACHA Upload
CSV Import
CSV Import
Manual ACH Payment
Manual ACH Payment
Pay bills online from your computer or phone. Sent electronically or by computer generated check. Bill Pay reduces check and mailing costs and protects your confidential account information.
Domestic and International transfer of funds. Make critical payments same day, quickly and securely. Initiate Domestic or International wires online through NetTeller. Same day availability
- Send wire transfers quickly and conveniently using the online banking wire feature to process both domestic and international wire transfers.
- For more information, please email wires@meridianbanker.com or call 484.395.2061
Fast, easy and secure method to make purchases; easily track card purchases/reporting. Eliminate the need to issue checks or reimburse employees. Ability to limit POS amount for specific uses (gas, supplies, etc.)