Personal |
Certificates/IRA's/Savings |
Business|
Loans |
Electronic Banking Services |
Other Products & Services
Personal Products
Sun West Bank offers a wide variety of personal products and services designed to meet the needs of our valued customers.
Checking Products
Classic Checking
| Minimum opening balance |
|
$ 500 |
| Monthly maintenance fee |
|
$ 10 |
| Daily minimum balance to avoid fee |
|
$1,000 |
Check activity limited to 25
There is a $.20 activity fee
for each additional check
thereafter
Classic Interest Checking*
| Minimum opening balance |
|
$ 500 |
| Monthly maintenance fee |
|
$ 10 |
| Daily minimum balance to avoid fee |
|
$1,500 |
Check activity limited to 25
There is a $.20 activity fee for each additional check thereafter
Interest paid on average daily balance of $1,500 and over
Value Checking
| Minimum opening balance |
|
$ 100 |
| Monthly maintenance fee |
|
$ 7.50 |
| Daily minimum balance to avoid fee |
|
$ 500 |
Check activity limited to 10
There is a $.50 activity fee for each additional check thereafter
Platinum Advantage (55+) Senior*
| Minimum opening balance |
|
$ 0 |
| Monthly maintenance fee |
|
None |
| Daily minimum balance to avoid fee |
|
None |
| Check activity limit |
|
None |
| Activity charge after check limit |
|
None |
Interest is paid on average daily balance of $2,500 and over
Prime Money Market Account*
| Minimum opening balance |
|
$ 2,500 |
| Monthly maintenance fee |
|
$ 15 |
| Daily minimum balance to avoid fee |
|
$2,500 |
Check activity is limited to three checks per statement cycle
Federal Regulations limit preauthorized transactions (automatic, telephone, or data transmission transfers) to
six (6) per calendar month (including checks as limited above)
There is a $20 activity fee for each additional check and/or preauthorized
transfer thereafter
Interest paid on average daily balance of $2,500 and over
|
*Minimum balance required to obtain the disclosed annual percentage yield
*Current annual percentage yields available upon request
*Rates and terms subject to change
*Additional fees and charges may apply
*Fees may reduce earnings
|
Advance Plus Line of Credit
A flexible credit line that acts as an extra cash reserve. Overdrafts are automatically covered with your own
personal line of credit. There is no interest charged until you use the account. Applications and approval are required.
Annual renewal fee of $15 will apply. Ask us for more details.
Advantage Visa Check/Debit Card
Allows ATM card access free at Sun West Bank, and also access to most Nevada ATMs with an Instant Cash logo without incurring a foreign ATM charge fee. ATM or Visa Check Cards can be
also used at more than 340,000 CIRRUS® Network ATMs worldwide. Application and approval required for Advantage Visa Check Card.
Member: Visa, Instant Cash, Interlink and Cirrus
Certificates/IRA's/Savings
Certificates of Deposit*
- Certificate of Deposit (CDs) rates vary, depending on term and amount of deposit. Current terms available include 90 days, 120 days, 182 days and 365 days.
- Minimum Opening Deposit: $5,000
- Interest is compounded daily from date of deposit to end of term.
- Interest on CDs on any term may be
reinvested or paid to a Sun West Bank Checking Account, Savings Account, Money Market Account or paid to you by check.
- Interest may be paid monthly, at each month end, quarterly, semiannually, or annually. For terms of one year or less, interest can be paid at maturity.
- At maturity, CDs automatically renew for the same term as the previous term, at the rate in effect on the maturity date. Sun West Bank will send a maturity notice before maturity if the term is 30 days or more.
-
There may be a penalty for early withdrawal.
Retirement Accounts*
An Individual Retirement Account (IRA) is a savings plan for wage earners under 70 ½ years of age. IRA contributions may be tax deductible.
- Minimum Opening Deposit: $100
- Fixed Rate IRA CD term of 18 months.
- Interest is compounded daily from date of deposit to end of term.
- Interest on IRA CDs is re-invested.
- Interest is paid at the end of each the quarter.
- At maturity, IRA CD’s automatically renew for the same term as the previous term at the rate in effect on the maturity date.
- There may be a penalty for early withdrawal.
- Sun West Bank can arrange for the transfer or rollover of an existing IRA currently at another financial institution.
Classic Savings*
| Minimum opening balance |
|
$ 100 |
| Quarterly maintenance fee |
|
$ 3.50 |
| Daily minimum balance to avoid fee |
|
$500 |
Activity limited to 6 withdrawals
Activity fee for each transaction in excess of six
(6) per quarter $ 2.50
Interest paid on average daily balances of $500 and over
Federal Regulations limit preauthorized transactions (automatic, telephone, or data transmission transfers) are limited to six (6) per month
|
*Current annual percentage yields available upon request
*Rates and terms subject to change
*Additional fees and charges may apply
*Fees may reduce earnings
|
Business Deposit Products
As an independent bank, Sun West Bank is committed to servicing the needs of all businesses and professionals in our community. Our business products are
designed to reflect this commitment. Our experienced banking professionals are skilled at assisting you in selecting the
right products for you and your business.
Checking Products
Freedom Business Checking
| No minimum opening balance |
|
$ 0 |
| No monthly maintenance fee |
|
$ 0 |
| No transaction fees1 |
|
$ 0 |
Free Anywhere/Anytime
OnLine Banking
Free Business Checks2
Free Visa Business
Card3
Over 2000 ATM
locations throughout the USA
Other Business
Banking Services available including discounted payroll service
solutions discounted4
1. Up to 300 combined –
deposits, deposited items, checks/debits, ach items. Over 300
will be charged $.30 each 2. Start up Business checks $35 value
issued through Bank’s designated check vendor (or credit of $35
towards upgraded checks issued through the bank’s designated
vendor) 3.Subject to credit approval 4.Choice of discounted
payroll services; no fees assessed for returned deposited items
if less than 3 in a statement cycle. Bank reserves the right to
assess currency fees for volumes over $5000 a month statement
cycle. Some restrictions apply. Limited to one account per
business entity. In the case of excessive transactions and / or
cash deposits, Sun West Bank reserves the right to transfer you
to an account with more appropriate services.
Business Value Checking
| Minimum opening balance |
|
$ 500 |
| Monthly maintenance fee |
|
$ 10 |
| Daily minimum balance to avoid fee |
|
$2,500 |
Check activity limited to 30 checks per statement cycle
There is a $.25 activity fee
for each additional check
thereafter
Business Prime Checking
| Minimum opening balance |
|
$ 1,500 |
| Monthly maintenance fee |
|
$ 12.50 |
|
|
|
Per check item fees:
Paid against account $ .18
Deposits processed $ .75
Checks deposited $ .07
ACH/debits/credits $ .07
An earnings allowance (taking into account all collected funds and earnings) is applied to offset cost of services according to this equation:
Average collected balance
- Federal reserve requirement
= Net available balance
x Current earnings rate
= Earnings allowance
Business Analysis Checking
| Minimum opening balance |
|
$ 1,500 |
Costs of services provided are offset against an earnings allowance applied to all collected balances each statement cycle.
Ask for our separate Analysis Schedule of Fees and Charges for activity and maintenance fees that may be applied against account.
Business Now Account*
| Minimum opening balance |
|
$ 100 |
| Monthly maintenance fee |
|
$ 12.50 |
| Daily minimum balance to avoid fee |
|
$1,500 |
Check activity limited to 25 checks per statement cycle
There is a $.20 activity fee for each additional check thereafter
Interest paid on average daily balance of $1,500 and over
Business Money Market*
| Minimum opening balance |
|
$ 2,500 |
| Monthly maintenance fee |
|
$ 15 |
| Daily minimum balance to avoid fee |
|
$ 2,500 |
Check activity is limited to three checks per statement cycle
Federal Regulations limit preauthorized transactions (automatic, telephone, or data transmission transfers) to
six (6) per calendar month (including checks as limited above)
There is a $20 activity fee
for each additional check and/or preauthorized transfer thereafter
Interest paid on average daily balance of $2,500 and over
ReturnSweep*
Convenience of Automatic Daily Money Market Sweep
Maximize your earnings
-
All collected funds automatically invested.
-
100% investment of collected funds over target balance.
-
Competitive interest rates paid immediately on investment balances.
Fully liquid business checking account with unlimited check writing.
Competitive transaction fees on the business checking account.
Detailed monthly investment statements.
The agent for this innovative new account is Reserve Management Corp., a New York-based financial
services provider, that created the first Money Market mutual fund in 1970, pioneering a $2 trillion industry.
FDIC Insurance-
Interest tiers start at $2,500 and over; Minimum balance of $2,500 to obtain the disclosed annual percentage yield.
Business Classic Savings*
| Minimum opening balance |
|
$ 500 |
| Quarterly
maintenance fee |
|
$ 3.50 |
| Daily minimum balance to avoid fee |
|
$500 |
Activity fee for each transaction in excess of six (6) per quarter $2.50
Interest paid on average daily balance of $500 and over
Federal Regulations limit preauthorized transactions (automatic, telephone or data transmission transfers) to six (6) per month
|
*Current annual percentage yields available upon request
*Rates and terms subject to change
*Additional fees and charges may apply
*Fees may reduce earnings
|
|
Loan Products
At Sun West Bank, our goal is to assist our customers with their business and financing requirements. Matching the right products to take care of your
Banking needs requires us to understand your business. We accomplish this through careful listening and skillful interviewing by one of our experienced banking professionals. While we do have a wide selection of loan programs, our number one priority is to provide you with the products and services that are best suited to meet your business goals.
The following is a brief list of loan products:
Business Credit Card:
Sun West Bank's
Productivity MasterCard offers the following benefits.
- Consolidate your business expenses on one card
- Easy to understand monthly statements for better tracking of business expense
- Rebates and discounts on services you use everyday such as shipping, office supplies, gas, travel, hotels and more
Commercial Loans:
Business Term Loans for Capital Expenditures, Tenant Improvements, or Business Vehicles.
- Repayment terms up to five years
- Fixed or variable rates
- Monthly interest payments, flexible principal payments
Business Lines of Credit
Revolving Lines of Credit or Single Pay Short Term Notes for Seasonal Working Capital, Trade Discounts, Inventory, or Accounts Receivable Financing.
- Monthly interest payments
- Terms to match source repayment
SBA 504 Loan Program
Financing for New Construction, Expansion, or Remodel of Existing Buildings; some Machinery and Equipment loans.
- Up to 90% financing
- Terms up ten years
- Program details are available
SBA 7A Guaranteed Program
Financing for Business Acquisitions, Start-Up and/or Expansion of Existing Business.
Real Estate Term Loans
Financing available for Owner-Occupied Business Properties and Investor Income Properties of all types.
- Fixed rates available
- Terms up to 10 years
- Amortization up to 25 years
Real Estate Loans
Sun West Bank offers a full line of real estate construction loans, for:
- Commercial Buildings
- Office Buildings
- Industrial Buildings
- Retail Projects
- Custom Residential
- Residential Tract Developments Including Model Homes
- Land Development
In addition, we specialize in term loans for owner occupied commercial and industrial properties, as well as selected income properties. We also offer residential lot loans in approved planned communities.
Both fixed and variable rates are available for most projects, with repayment programs to fit your needs.
Equipment Financing / Leasing
Flexible, convenient and locally approved, equipment financing is the solution to your business equipment needs.
- Up to 100% financing of equipment costs, sales tax,
delivery and installation
- Amounts from $25,000 to $500,000 or higher
- Competitive fixed rates
- Maturities up to 60 months or more
- Fully amortized
Electronic Banking Services
Sun West Bank is committed to providing high quality customer service with both a high touch and high "tech" feel. The Bank is currently offering both consumers and businesses
with the ability to move money quickly and electronically. Highlighted below are the Sun West Bank's
Online Banking benefits.
Personal Online Banking
Sun West Bank's Online Banking is available to you 24 hours a day, 7 days a week. And it's so simple,
anyone with a Sun West Bank account, a PC and an Internet connection can use it! Online banking lets you.
- View balances and account information on deposit accounts
- View loan and line of credit balances
- Transfer funds real time between accounts
- Retrieve transaction history
- Use Bill Pay for current, future, and recurring payments
- Download account information into Quicken or Microsoft® Money
Business Cash Management
In addition, Sun West Bank offers flexible Online Banking service for commercial businesses. The Cash Management interface enables commercial account holders to use the Internet Banking System to manage funds in all their accounts with the ultimate in security, ease and flexibility available on the Internet.
Sun West Bank offers
…
Multiple Account Control:
Commercial users can establish multiple accounts and also establish multiple user access privileges by user. Authorized users can access account details, such as float balances to assist with timely decisions about money management.
Added Security:
Usage can be limited and/or tracked to a specific PC location to provide verification restrictions above and beyond the standard password protocols.
Wire Transfers:
Commercial accounts can conduct secure wire transfers via the Internet.
EFTPS Tax Payments:
Commercial accounts can pay their taxes via the Internet and
use of the credit system avoids
having to give the IRS the authority to debit your account.
Payroll/Direct Deposit:
Allows direct deposit of payroll for commercial accounts.
ACH Origination:
Conducted using standard NACHA format for debits and credits. Files are transferred to disk for use on Fed-Wire or the Bank's ACH origination system.
Save Time and Labor:
Transfer between your accounts as many times as you wish within product and/or regulatory limitations without incurring additional charges. You can even warehouse transfers for future dates. Additionally you can print statements every day if you wish and verify if specific items have cleared. We have even thought of the convenience of all your balances appearing on one screen.
Universal Bill Payment:
Commercial customers can conveniently pay bills online and take advantage of time and cost savings usually afforded only to retail customers. With this feature your vendors will perceive your company as efficient and modern.
Business Remote Deposit Capture is an easy to use PC, Internet
based product that allows Business customers to process and capture deposits at
their place of business. This convenient service reduces transportation costs
and returned deposited item risk and can improve funds availability.
Positive Pay is a software program that is fully integrated with
Sun West Bank’s Anytime Anywhere standard online banking service. This
additional service provides enhanced security for business account(s) by
allowing the opportunity to review checks presented for payment on a daily basis
as compared to business accounting records of issued checks. Positive Pay not
only strengthens internal accounting controls, it helps identify fraud
expeditiously resulting in reduced internal and external fraud risk.
Positive Pay is easy to use. It is also streamlined as it only requires a daily
review of paid exceptions. Since it is fully integrated with our Online Banking
service, it does not require additional technology, log in IDs or passwords.
Other Products & Services
Safe Deposit Boxes
Sun West Bank's vault offers you the safety and protection you simply can't match in your home. And with your safe deposit key, your valuables are easily accessible at your convenience in facilities that ensure your complete privacy.
Night Drop Services
Make deposits 7 days a week, 24 hours a day with our Night Drop Services! Our
Night Drop Vaults are available at each
Sun West Bank location. Night
depository vaults are always opened under dual custody by two of our team members.
This convenient service provides:
- Secure place to put deposits during and after regular banking hours
- The peace of mind knowing checks and cash will be safely received by the bank
- Prompt posting to your account - your deposits are credited to your
account the following business day!
Direct Deposit
Sun West Bank offers the convenience of Direct Deposit. Whether you wish to arrange for Direct Deposit of your
paycheck, or you want to sign up for Direct Deposit of your Social Security or other recurring
income, Sun West Bank makes it simple. Sign up today by filling out a simple form, its Free! Ask about our "Quick Start" program.
Cashiers Checks
For paying large sums of money, this check offers maximum safety and is readily accepted. Cashiers Checks are available for a small fee.
Bank By Mail
With our special " Bank by Mail", your transactions can be easily handled through the mail. It is as easy as mailing a letter.
Wire Transfer
For those times when you have a need to transfer funds immediately we offer wire transfer service. Whether you are transferring or receiving we can make the arrangements for you.
Travelers Checks
Sun West Bank offers the widely recognized and accepted American Express Travelers Cheques. Travel with confidence knowing your money is safe with the widely accepted American Express Travelers Cheques.
Courier Services
Sun West Bank offers Courier Services to merchants, business professionals, and others as an additional banking convenience. We can run to you, leaving you free to run your business!
