Get a $1,000 cash bonus & solutions for your business!Open Now
At Blue Foundry Bank, we're committed to providing businesses in the communities we serve with the solutions they need to seamlessly run their businesses.
With Blue Carbon® Business Solutions Checking, we're the perfect partner for your business. With an extensive array of FREE1 CASH MANAGEMENT services and a CASH BONUS OF $1,0002, you know that Blue is Here For You and your business!
Blue Carbon Business Solutions Checking Features & Benefits Include:
- Minimum Opening Deposit of $35,000
- No Monthly Maintenance Fees3
- FREE Cash Management Services
Our Cash Management Services Include:
- Unlimited Incoming and Outgoing Wires
- Remote Deposit Capture service and single-feed scanner
- ACH Originations
- Fraud Monitoring through Positive Pay
- Lockbox Services
Cash Management Solutions
This secure and convenient service allows you to electronically send money to a person or company across the country or across the world. It’s a safer alternative to checks or money orders.
REMOTE DEPOSIT CAPTURE
Save time and improve cash flow by depositing your checks right from your office. It’s easy to do. Simply scan the checks into your account from a scanner that we’ll place at your business.
When you make and collect payments online automatically, great things happen. You’ll expedite all payments, accelerate cash flow, reduce returned checks and simplify the payroll process. Payments and receipts are transferred through the Automated Clearing House (ACH) between the payor and payee banks. With our Same Day ACH Service, you can even choose to have your ACH file received on the same day you process it.
Reduce your risk of fraud with this service that electronically compares the checks your business issues each day with the information in your account. Discrepancies are flagged and reported to help prevent check altering and forgery.
Streamline accounts receivable processes with our Lockbox services, directing your check payments to a P.O. Box where they will be processed automatically on your behalf. You'll also save time on reconciliations, with the ability to export your transaction data to a number of the most popular accounting platforms. Lockbox is designed to give you more time to focus on growing your business.
1. If the minimum daily balance falls below $35,000 on any given day, the applicable Cash Management fee will be withdrawn from the account in the next calendar month. Please refer to the Cash Management Fee Schedule for applicable fees.
2. Cash bonus is not available to existing Blue Foundry Bank Business Checking customers or businesses that have closed their checking account within the last 12 months. Only one Cash Bonus available per tax id. Bonus will be earned when account maintains a balance of at least $35,000 at all times during a 7-month (213 day) qualification period. Qualification period begins when account balance is $35,000, which must be within the first 30 days of account opening. Once the qualification period has concluded, your account will be credited the $1,000 cash bonus within 60 days. For tax purposes, bonus will be reported on form 1099. Blue Foundry Bank reserves the right to modify or discontinue the cash bonus at any time.
3. Avoid a $5 monthly statement fee by enrolling in eBanking and selecting eStatements.