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Business Checking Accounts
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Last Updated: 04/18/2025

Ponce Bank Business Interest Checking

in Business Checking Accounts from Ponce Bank

Last Updated: 04/18/2025

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Highlights

Monthly Service Fee

$0 - $7(Verified 03/19/2025)

ATM Fee: Out-of-Network (within the U.S.)

N/A


Minimum Average Balance to Avoid Monthly Service Fee

Starting at $1,500

APY (Annual Percentage Yield)

0.05%(Verified 06/21/2024)

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Ponce Bank Business Interest Checking Review

Ponce Bank Business Interest Checking is offered by Ponce Bank, a bank founded in 1960 and based in Bronx, NY. Ponce Bank Business Interest Checking is available in 50 states and Washington, DC.

Key Takeaways

  • Low annual percentage yield (APY). The maximum annual percentage yield for this account is only 0.05% .
  • $0 monthly account fees available. This account charges a monthly fee of up to $7, but the fee may be waived if you keep a minimum balance of$1,500.
  • Large minimum initial deposit. You need a minimum deposit of $1,500 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
  • Bill pay. Pay your bills to practically anyone in the United States when you enroll in Ponce Bank mobile or online banking.

Ponce Bank Business Interest Checking Pros & Cons

Ponce Bank Business Interest Checking FAQ

Are business checking accounts from Ponce Bank federally insured?

Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Ponce Bank Business Interest Checking offer?

Ponce Bank Business Interest Checking offers an APY of 0.05% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1500.

What are the account minimums for Ponce Bank Business Interest Checking?

Ponce Bank Business Interest Checking requires a minimum initial deposit of $1,500 to open an account.

What fees does Ponce Bank Business Interest Checking charge?

The good news is that this account does not have a monthly service charge.

What features and perks does Ponce Bank Business Interest Checking offer?

This account includes the following features:
  • Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Ponce Bank Business Interest Checking allows you to manage your money online.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

2244 Westchester Avenue Bronx
Bronx, NY 10462
Visit Site

Hours of Operation

Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 6:00PM
Saturday
9:00AM - 1:00PM

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