Piedmont Federal Savings Bank has 10 branches in North Carolina. Its customers can also access their funds from any ATMs worldwide free of charge. Its small business offerings include business savings and checking accounts, merchant services, cash management, insurance and small business administration. It is rated A+ by the Better Business Bureau and five stars on Facebook.
Piedmont Federal Savings Bank Business Checking Rates & Fees
|PF Business Connect||PF Business Choice|
|Monthly Fee (waived when balance requirement is met)||$10 per month||$15 per month|
|Minimum Balance Requirement||$1,000 average daily balance|
Combined business deposit relationship balance of $2,500+
|$1,000 average daily balance|
Combined business deposit relationship balance of $10,000+
|Transaction Fee||175 free transactions per month; 50 cents per item thereafter||500 free transactions per month; 35 cents per item thereafter|
|Wire Transfer Fee|
Incoming (international): $50
Outgoing (domestic): $50
Outgoing (international): $50
|Cash Deposit Fee||Up to $2,000 cash services processed free of charge, then $1.50 will be assessed per $1,000||Up to $5,000 cash services processed free of charge, then $1.50 will be assessed per $1,000|
Piedmont Federal Savings Bank Network
Piedmont Federal Savings Bank has 10 branches in North Carolina. Its customers can also enjoy completely free transactions from any ATM in the world — Piedmont Federal reimburses the cost of the service fees. You can use its branch locator to see which locations are closest to you.
Piedmont Federal Savings Bank Additional Business Banking Services
Piedmont Federal Savings Bank also offers the following business services: business savings and money market accounts, credit cards, commercial mortgages and other home loans. Currently, it doesn’t offer any business loans and wealth management. Find out more about its small business offerings on its website.
|Online & Mobile Banking||✓|
|Money Market Accounts||✓|
|Business Credit Cards||✓|
|Commercial Real Estate Loans||✓|
|Business Line of Credit||x|
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