BUSINESS BANKING

Business accounts to help grow your business

Demand Deposits

  • Business accounts can support up to 25 users and approvers

  • You can add up to 3 levels of approvers, so you can have up to “8-eyes” on your most important payments

  • User and approve limits are fully customizable from $0.01 to up to $10 million

  • $5,000 minimum initial deposit ($10,000 for non-US clients)

  • $50/month fee waived if balance maintained over $10,000


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Savings

Add to an existing DDA and hold excess cash and earn interest. Instantly sweep funds from your DDA to your savings and back, 24/7/365.

  • Same-day liquidity

  • 24/7/365 transfers to/from linked business demand deposit account

  • Open with $5,000 ($10,000 if outside the US)

  • Earn 1.75% compounded daily

  • $50/month fee waived if balance mainained over $10,000

High Yield Term Deposits

Invest excess cash you won't need for operations in the near term in a Business CD account ranging from 6 months to 1 year, earning more than you would in a Savings account. Create a "ladder" of rolling expirations to have funds maturing as needed. $10,000 funding minimum per CD.

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Corporate Custody

Business Custody Accounts are held in fiduciary trust by the Trust Division of Medici Bank. These accounts are for entities looking to hold assets off of the bank's balance sheet (eg. not available for lending) in a bankruptcy-remote asset management account. AUM can be held in US Treasuries, FDIC-insured balances up to $2.75M, securities in an investment portfolio, or even in crypto-currency. Medici Trust division is not a financial advisor and will not provide financial advice. Rather, as your fiduciary, we will invest your assets as you direct.

Note that there is a $250,000 minimum balance or equivalent value to be maintained.

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