Deposit Products and Services

Deposit Products and Services

GET AN ACCOUNT FOR YOUR BUSINESS THAT MANAGES BANKING YOUR WAY
In running your business, you have choices. At Mercantil Bank, we think you should also have choices when it comes to selecting a bank account. That’s why we offer a full range of checking and savings accounts that will be the right choice for any type of business. Pick an account that’s right for you based on the number of transactions you perform each month or the balance you foresee having in your account. Visit a Banking Center to open an account today.

 

For account information and fees, click here.

For account information and fees, click here.  (Effective April 1st , 2018)

 

CHECKING ACCOUNTS TO HANDLE YOUR DAY-TO-DAY BANKING NEEDS

Mercantil Business Checking
If you just opened your business or make less than 150 transactions each month, you’ll benefit from a simple account where you never need to worry about maintaining a minimum balance. You’ll also get all the account extras you need to make banking convenient – including online access to your statements.

Mercantil Business Checking Plus
If you make between 150 and 400 transactions per month, get an account that is tailored just for you.

Mercantil Business Analisys

If you normally conduct a very high number of monthly transactions and maintain a substantially high balance in your account, you’ll benefit from earning credits that can help offset monthly fees.

Mercantil Business Interest Checking
If you maintain a substantially high balance in your account and low transaction activity while seeking to earn a competitive rate, this account is exclusively for you. The added benefit is the opportunity to earn interest.

Mercantil Business Trust (IOTA)
Benefit from tiered interest rates on accounts held in trust or escrow on behalf of a third party. This account will allow you to enjoy no monthly service fees and the benefits of an interest checking account, with simplified bookkeeping and submissions for interest earnings to the state’s IOTA/IOLTA funds.

 

SAVINGS ACCOUNTS TO EARN INTEREST ON IDLE CASH

Mercantil Business Savings 
If you’d like to save for a special business purchase, transfer funds from your checking account or make a deposit directly into an account to earn interest the safe and secure way, this account is the right choice for you.

Mercantil Business Money Market
Get the best of both worlds – a savings account that earns interest plus limited check writing where you can perform a limited number of transactions each month. Enjoy tiered high yield interest rates on your balance.