CHECKING ACOUNTS

The checking account is the cornerstone tool for managing your business's cash flow. At Presidio Bank, we're committed to providing the very best checking account features to simplify your Company's banking needs.

Use this section to determine the best checking product for you.

UCC Article 4A Disclosure

 

UCC Article 4A Disclosure

DISCLOSURES REGARDING ELECTRONIC "WHOLESALE CREDIT" TRANSACTIONS SUBJECT TO UNIFORM COMMERCIAL CODE ARTICLE 4A

PROVISIONAL PAYMENT:

Credit given by us to you with respect to an automated clearing house credit entry is provisional until we receive final settlement for such entry through a Federal Reserve Bank. If we do not receive such final settlement, you are hereby notified and agree that we are entitled to a refund of the amount credited to you in connection with such entry, and the party making payment to you via such entry (i.e. the originator of the entry) shall not be deemed to have paid you in the amount of such entry.

NOTICE OF RECEIPT OF ENTRY:

Under the operating rules of the National Automated Clearing House Association, which are applicable to ACH transactions involving your account, we are not required to give next day notice to you of receipt of an ACH item and we will not do so. However, we will continue to notify you of the receipt of payments in the periodic statement we provide to you.

CHOICE OF LAW:

We may accept on your behalf payments to your account which have been transmitted through one or more Automated Clearing Houses ("ACH") and which are not subject to the Electronic Fund Transfer Act and your rights and obligations with respect to such payments shall be construed in accordance with and governed by the laws of the state of California, unless it has otherwise specified in a separate agreement that the law of some other state shall govern.

For questions call or write:
1-415-229-8400
PRESIDIO BANK
One Montgomery Street
Suite 2300
San Francisco, CA 94104

 

INTERNET GAMBLING NOTICE - Regulation GG

Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) and
Regulation GG
Commercial Account Notice

The UIGEA, signed into law in 2006, prohibits any person engaged in the business of betting or wagering (as defined in the Act) from knowingly accepting payments in connection with the participation of another person in unlawful internet gambling. Regulation GG implements this Act.

As defined in Regulation GG, unlawful internet gambling means to "place, receive, or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the internet where such bet or wager is unlawful under any applicable Federal or State law in the state or Tribal lands in which the bet or wager is initiated, received or otherwise made."

A "restricted transaction" is defined as a transaction or transmittal involving any credit, funds, instruments or proceeds that the Act prohibits a person engaged in the business of betting or wagering from knowingly accepting in connection with the participation of another person in unlawful internet gambling. Restricted transactions generally include, but are not limited to, those in which credit, electronic fund transfers, checks, or drafts are knowingly accepted by gambling businesses in connection with the participation by others in unlawful internet gambling.

These restricted transactions are prohibited from being processed through your account or banking relationship with us. If you engage in an internet gambling business, we reserve the right to close your account relationship in whole or in part. We also may block any suspected restricted transaction.

This notice and continued use of the account, receipt of interest, making of payments constitutes a certification to Presidio Bank on an ongoing basis that you do not place, receive or transmit bets, or wagers by any means that involves the internet (Internet Gambling).

You understand that Presidio Bank does not process Internet Gambling transactions. You will need to notify us immediately if you become involved in Internet Gambling and prior to conducting any restricted transactions. You understand that should Presidio Bank determine in its sole discretion that you are engaged in Internet Gambling, we may block such suspected Internet Gambling transactions and restrict or close any affected account relationship with Presidio Bank, in addition to exercising any other remedies provided under your agreements with Presidio Bank or applicable law.

Such restrictions may affect some otherwise proper or allowable transactions.  You understand and agree such restrictions are not within the bank's control and that the bank will not have any liability, responsibility or culpability whatsoever for any such transactions by you or any authorized signer(s); or for declining to accept, process, or pay any such transaction.  You further agree to indemnfiy and hold the bank harmless from any suits, liability, damages or adverse action of any kind that results directly or indirectly from any such use of your account and/or access devices.

Contact your Relationship Service Manager for additional information regarding Reg GG.

Business Basic Checking

Perfect for accounts with low to moderate transaction activity, this account offers generous transaction allowances and a low minimum balance requirement.

Benefits of Basic Business Checking

  • No monthly maintenance fee with average monthly balance requirement of $5,000
  • Up to 150 no-charge checks paid per month
  • Up to 200 no-charge checks deposited per month
  • Check images and statements are available at no charge
  • Basic Business eBanking is available
  • The convenience and security of the Visa® Business Debit Card
  • Funds in Business Basic Checking are combined with other accounts of the same entity and insured by the FDIC up to the current available limit of $250,000.

 

Business Interest Checking

Provides business entities eligible to earn interest (including nonprofit organizations and sole proprietors) with a cost-effective way to manage checking needs while earning a competitive interest rate. Not available to partnerships, corporations, associations, business trusts and organizations that are operated for a profit. 

Benefits of Business Interest Checking (NOW Account)

  • No monthly maintenance fee with average monthly balance requirement of $5,000
  • Up to 150 no-charge checks paid per month
  • Up to 200 no-charge checks deposited per month
  • Earns attractive competitive rates of interest
  • Provides clients access to their money anytime/anywhere, with no minimum withdrawal amount
  • Check images and statements are available at no charge
  • Business eBanking services are available
  • The convenience and security of the Visa® Business Debit Card
  • Funds in Business Interest Checking are combined with other accounts of the same entity and insured by the FDIC up to current available limit of $250,000.

 

Nonprofit Checking

Non-Profit Checking is a basic checking account designed for the special needs of non-profit organizations with low transaction volume. 

Benefits of Nonprofit Checking

  • No monthly maintenance fee with average monthly balance requirement of $5,000
  • Up to 150 no-charge checks paid per month
  • Up to 200 no-charge checks deposited per month
  • Business eBanking services are available
  • Check images and statements are available at no charge
  • The convenience and security of the Visa® Business Debit Card
  • Funds in Nonprofit Checking are combined with other accounts of the same entity and insured by the FDIC up to the current available limit of $250,000.
Non Profit Interest Checking

Provides nonprofit organizations with a cost-effective way to manage checking needs while earning a competitive interest rate. Not available to partnerships, corporations, associations, business trusts and organizations that are operated for a profit.

Benefits of a Non Profit Interest Checking (NOW Account)

  • No monthly maintenance fee with average monthly balance requirement of $3,500 or more
  • Otherwise the monthly fee is $12
  • Up to 300 debit and credit transactions free
  • Transactions above 300 are assessed a $0.40 charge
  • Free ACH transactions
  • Earns an attractive competitive rate of interest
  • eStatements and check images are free, paper statements have a $10 monthly charge
  • Basic eBanking and Bill Pay are free
  • Tools to help safeguard accounts are available to help prevent fraud through use of services such as Positive Pay and ACH Block

    Funds in Non Profit Interest Checking are combined with other accounts of the same entity and insured by the FDIC up
    to the current available limit of $250,000

IOLTA Account

Presidio Bank is pleased to participate in the California IOLTA (Interest on Lawyers' Trust Accounts) program.  Our IOLTA program enables lawyers and law firms to establish interest-bearing accounts for client deposits which are nominal in amount or expected to be short term.  Some examples of the types of funds in IOLTA accounts are personal injury awards, and litigation settlements.  We remit the interest generated from client accounts to the California State Bar.

Features

  • Free Basic Business eBanking
  • No activity charges
  • Check Image View
  • E-Statements 
  • Supports single or multi-client account(s) (Please review the California State Bar Associations guidelines)
  • Funds are insured by the FDIC, for multi-client accounts each client is insured to the maximum FDIC limit

Minimum Balance to Open the Account

$5,000

Minimum Balance Requirement

None

Monthly Service Charge

None

Interest Compounding and Crediting Frequency

Interest will be compounded daily and credited monthly.  
 

For a complete understanding of this service please contact any of our banking offices

Account Analysis Checking

For businesses with moderate to high transaction activity, this account features a monthly Earnings Credit Allowance that helps reduce or even eliminate service charges. 

Benefits of Account Analysis Checking

  • Earnings Credit Rate (ECR) can offset service charges including monthly maintenance fee
  • Unlimited transactions 
  • Links to a wide variety of cash management services
  • Transactions charged on a per-item basis, so clients pay only for services used
  • Clients can maximize their cash position through use of our Zero Balance Accounts and working with the bank on investment alternatives
  • Receive timely and detailed information with  eBanking services
  • Check Images and Statements are available at no charge
  • Analysis statements provide combined relationship along with individual account statements to effectively manage the clients costs
  • The convenience and security of the Visa® Business Debit Card
  • Funds in Account Analysis Checking are combined with other accounts of the same entity and insured by the FDIC up to current available limit of $250,000.

 

For further information regarding our Checking Plans, please call or visit your local Presidio Bank office.