Business Banking

No matter what business you are in, Poppy Bank can tailor a package of products and services to easily meet your business needs.

We put your excess funds to work and help balances grow. We offer programs to keep larger sums on deposit while maintaining the safety of FDIC Insurance on your total balance. Our check imaging service will provide you with the ability to view scanned images of cleared checks through our online banking program.

Below is a variety of products and services you can find beneficial for your business:

• Business Checking Accounts
• Business Savings Accounts
• Business Money Market Accounts
• Business Online Banking
• Business Credit Cards
• Courier Service
• Merchant Services
• Safe Deposit Boxes
• ACH Origination
• Remote Deposit Capture
• Wire Transfers
• Lockbox

	Poppy Business Checking	Poppy Merchant Checking	Poppy Cares Checking (e)	Poppy Business Interest Checking	Poppy Analysis Checking
Minimum Balance Requirement (a)	$2,500	$15,000	$2,500	$2,500	N/A
Monthly Service Charge (b)	$15	$20	$15	$15	$25 per account for first four accounts
Interest Rate (c)	N/A	N/A	0.05%	0.05%	N/A
Annual Percentage Yield (c)	N/A	N/A	0.05%	0.05%	N/A
Monthly Electronic Statement Fee	Free	Free	Free	Free	Free
Monthly Paper Statement Fee (d)	$5	$5	$5	$5	$5
Deposit / Check Fees	Deposits and checks paid exceeding 50 in a month / $0.50 per item	N/A	N/A	Deposits and checks exceeding 50 in a month / $0.50 per item	$1.05 per deposit / $0.10 per item deposited
Online Wires Transfer Capabilities	Yes	Yes	Yes	Yes	Yes
Bill Pay at No Charge	Yes	Yes	Yes	Yes	N/A
Cash Handling	Cash deposited / supplied exceeding $5,000 per month / $1.00 per $1,000	Cash deposited / supplied exceeding $5,000 per month / $1.00 per $1,000	N/A	Cash deposited / supplied exceeding $5,000 per month / $1.00 per $1,000	$0.10 per $100 cash deposited / supplied

	Poppy Attorney Client Trust (IOLTA)	Poppy Business Money Market	Poppy Business Savings	Poppy Premier Business Savings
Minimum Balance Requirement (a)	N/A	$2,500	$2,500	$2,500
Monthly Service Charge (b)	N/A	$15	N/A	N/A
Interest Rate (c)	3.40%	0.10%	0.10%	0.49%
Annual Percentage Yield (c)	3.46%	0.10%	0.10%	0.50%
Monthly Electronic Statement Fee	Free	Free	Free	Free
Monthly Paper Statement Fee (d)	N/A	$5	$5	$5
Deposit / Check Fees	N/A	$5 per withdrawal (f)	$5 per withdrawal (f)	$5 per withdrawal (f)
Online Wires Transfer Capabilities	Yes	No	No	No
Bill Pay at No Charge	Yes	No	No	No
Cash Handling	N/A	N/A	N/A	N/A

(a) Your initial deposit must be equal to or greater than the minimum balance requirement.
(b) The monthly service charge is charged if the balance in your account falls below the required minimum balance during the monthly cycle. Otherwise, it is waived.
(c) Interest will be compounded daily and credited to your account monthly. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). You must maintain the minimum balance requirement in the account each day to obtain the disclosed annual percentage yield. If you close your account before interest is credited, you will receive your accrued interest. Your interest rate and annual percentage yield may change at any time.
(d) The monthly statement fee is waived if you elect for electronic statements in lieu of paper statements.
(e) Poppy Cares Checking is for community non-profit organizations only.
(f) The first six withdrawals during a month cycle are free of charge. The $5 per withdrawal fee will apply to any withdrawals after the first six.

Refer to the Business Schedule of Fee & Charges for additional fees that may apply to your account.

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For the busy business owner, convenient, expedited methods of banking are a must. With Poppy Bank’s online banking, your bank is always at your fingertips, just a click away. Our online cash management solutions will allow you to quickly assess, monitor and resolve your cash flow needs twenty-four hours a day, seven days a week.

Contact us if you have questions.

• Accurate, Up-To-Date Account Information
• Export Data To Spreadsheets And Money-Management Programs
• Bill Payment Feature
• Account Reconciliation Downloaded To Your Accounting System
• Automatic And On-Line Loan Payments
• Check Orders
• Funds Transfers
• Wire Transfers
• Remote Deposit Capture
• Stop Payments
• ACH Origination
• Positive Pay

Security and Browser Requirements

Security Issues:

To help maintain security, you should close your browser when you have completed your Internet banking session. This will help prevent unauthorized persons from viewing your private account information.

Never share your password.

Browser Requirements:

To help ensure security and proper functionality, you must use a browser that meets or exceeds the following requirements:

• 128 bit encryption
• You must have Cookies and JavaScript enabled
• We support the latest browser versions of Internet Explorer, Google Chrome, Firefox, Safari, and Opera.

We recommend you update your browser to the latest version. With our new website update, we’d like to remind you to update your browser. Updating your browser ensures you have the most up-to-date security and performance. New browsers have many advantages:

• Newer browsers have updated security against the most recent security risks. With an up-to-date browser, malicious websites have a tougher time accessing and damaging your computer through your browser
• Bugs are constantly being fixed and updated to provide a cleaner, sleeker, faster user experience
• Newer technologies allow you to use more features easier
• Older browsers may not be supported by some websites

As you probably know, your most frequently accessed business tools are your checking and savings accounts. No matter what business you are in, Poppy Bank can tailor a package of products and services to easily maintain your cash management needs.

We have processes to put your excess funds to work and help your balances grow. In addition, we offer programs to give you the ability to keep larger sums on deposit while still maintaining the safety of FDIC Insurance on your total balance. Our check imaging service will provide you with the ability to view images of your cleared checks through our online banking. For a minimal fee, we can produce a CD monthly with this information.

Merchant Services

Poppy Bank offers the following Merchant Services through a trusted partner:

• Processing Of Visa, AMEX, MasterCard, And Discover
• Clover Suite Of Point-Of-Sale Products
• Traditional And Mobile Terminal Solutions
• Virtual Terminals
• E-Commerce Tools For Online Shopping Carts
• Detailed Merchant Statement
• Product Specific Reporting
• Annual 1099 Reporting
• ACH/Check Imaging
• Payroll And Gift Card Services
• 24 Hour Technical Help Desk
• QuickBooks Integration Through Online Statements

ACH Origination

Poppy Bank’s Automated Clearing House (ACH) Network* is a highly reliable and efficient electronic funds transfer system that will significantly enhance the ease of doing business for your company.

ACH Network features include:

• Direct Deposit of payroll for your employees
• Direct payment of bills such as mortgages, loans, utility bills and insurance premiums
• Business-to-business payments
• Automated collection of regularly scheduled payments to your business, such as homeowners fees or health club dues

*Automated Clearing House (ACH) — The ACH is a network of regional associations, inter–bank associations, and private–sector processors. ACH payments are processed and settled electronically, thereby increasing reliability, efficiency and cost effectiveness. ACH payments are generally settled in one day or greater.

Business Credit Cards

Choose from our popular business credit card options such as low rate, cash back or flexible rewards to find the one that works best for your business. No matter which card you choose, your business will benefit from important features like:

• Free online expense reporting tools
• No fee for additional employee cards
• Mobile payment capability for added convenience
• Cardmember Service available 24 hours a day/365 days per year

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The creditor and issuer of these cards is Elan Financial Services, pursuant to separate licenses from Visa U.S.A. Inc., and Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

At Poppy Bank, we take pride in our hands-on approach with our Treasury Business Clients to ensure we deliver what our customers need most. We understand the nature of each individual business structure and design a comprehensive and competitive plan ensuring efficiency and a smooth onboarding experience.

While taking into consideration the competitive nature of the industry, we provide an exclusive approach to each business, individually delivering a full scope of Treasury Management products and services.

Poppy Bank is pleased to offer the following services to our Treasury Management customers:

• Wire Transfer
• Remote Deposit Capture (RDC)
• Automated Clearing House (ACH)
• Lockbox
• Smart Safes
• Positive Pay
• Armored Cash Services

At Poppy Bank, we understand that every business is unique. Cash flow demands, capital requirements and business plans are exclusive to each business. Poppy Bank offers a full line of commercial lending products designed to meet your specific business needs. From the small manufacturer to the commercial real estate developer, we have the expertise to customize a solution to help your business prosper.

We also offer SBA real estate loans, under both their 7(a) and 504 loan programs. As an SBA Preferred lender our real estate lending team is experienced, and will work with you to customize our programs to fit your individual wants and needs. Tired of having your real estate loan request put “into a box”? Give Poppy Bank’s flexible approach to lending a try!

Poppy Bank offers business owners our lending and financing expertise. Whether you’re expanding, refinancing debt or starting a new venture—we’re interested, experienced and focused on your success. If you have new opportunities and can benefit from improved cash flow, please contact us.

Small Business Lending Programs:

• SBA 7(a) loans for the purchase or refinance of owner occupied commercial real estate, start-up business and expansion of existing business operations. These may include specialty property and other loans that may not qualify for conventional financing.
• SBA 504 loans primarily used to finance owner occupied commercial real estate.
• USDA loan programs are similar to the SBA programs however they are used to finance projects in rural communities where the population is 50,000 or less.
• SBA Express loans are lines of credit, equipment and/or inventory expansion up to $250,000.

Paycheck Protection Program

Poppy Bank is here as a resource for our community and is proudly accepting Second Draw PPP loan applications to help local businesses keep their doors open. Second Draw PPP Loans can be used to help fund payroll costs, including benefits. Funds may also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19 and certain supplier costs and expenses for operations. For more information or to request an application please contact us today at PoppyCARES@poppy.bank

Commercial Lending Programs:

• Commercial Real Estate for the purchase or refinance of commercial property, including industrial, retail and office.
• Multi-family financing.
• Lines of Credit – Typically revolving lines of credit for inventory purchases, supplemental cash flow or receivable financing.
• Equipment loans for the purchase of new or used equipment for your business.
• Construction loans for commercial buildings including office, retail, multi-family and industrial.

A New Solution to Bring You More Liquidity

Poppy Bank is pleased to offer Commercial Property Assessed Clean Energy financing for energy-efficient and renewable energy projects. C-PACE financing may cover up to 100% of project expenses with up to 30 year terms and interest-only options.

We work with building owners, developers, and investors to provide the best solutions for energy-efficient and environmentally sustainable building enhancements that can bring more liquidity, improve cash flow, reduce energy consumption, and promote job generation.