Checking Accounts
Pines Business Checking:
Our Pines Business Checking is designed for companies with a small to moderate amount of account activity. The account provides for 20 deposits, 200 deposited items, $5,000 in currency deposited and 150 checks written each month.
- $500.00 minimum opening deposit
- A $15.00 monthly maintenance fee is waived when you keep a minimum daily balance of $2,500.00 or average collected monthly balance of $3,500.00.
Limitations: You must deposit $500.00 to open this account.
Account Fees: A service charge of $15.00 will be imposed each statement cycle if the daily minimum balance of $2,500 or the average monthly collected balance of $3,500.00 is not maintained. There will be a $0.15 charge for each debit transaction in excess of 150 and a $0.10 charge for each item deposited in excess of 200, credit transactions in excess of 20 are $1.00 each; currency/coin amounts in excess of $5,000 are $0.10 for each additional $100.00 deposited.
*Additional account activity may increase your monthly maintenance fee.
*Additional disclosures will be provided upon account opening.
Pines Business Plus:
Our Pines Business Plus account allows your sole proprietorship or nonprofit charitable corporation or organization to earn interest on funds in your checking account, while providing the same activity allowed by the Pines Business Checking account.
- $500.00 minimum opening deposit
- A $15 monthly maintenance fee is waived when you keep a minimum daily balance of $3,000 or average collected monthly balance of $4,000.00.
- The account provides for 20 deposits, 200 deposited items, $5,000.00 in currency deposited and 150 checks written each month.
Limitations: You must deposit $500.00 to open this account.
Account Fees: If the daily balance falls below $3,000.00 or the monthly average collected balance of $4,000.00 is not maintained, a service charge of $15.00 will be imposed every statement cycle. Additional statement cycle transaction fees apply; debit transactions in excess of 150 are $0.15 each; credit transactions in excess of 20 are $1.00 each; deposited items in excess of 200 are $0.15 each; currency/coin amount in excess of $5,000.00 are $0.10 for each additional $100.00 deposit.
*Additional disclosures will be provided at account opening.
Pines Business Analysis:
Our Pines Business Analysis account is designed for companies with a high volume of account activity or special service needs. An earnings credit based on your collected balances offsets monthly service charges.
- $500.00 minimum opening deposit
*Service charge based on earnings credit and account activity
*Additional disclosures will be provided upon account opening.
Savings Accounts
Pines Business Savings:
Our Pines Business Savings is a safe, sure way to build capital and put excess funds to work. You can make six withdrawals per quarter without a charge, and your account earns a competitive interest rate on all collected balances. Open your Pines Business Savings with us. Maintain the required minimum daily balance, and you'll pay no quarterly service charge.
*Additional disclosures will be provided at account opening.
Other Deposits
Certificates of Deposit
Our Certificates of Deposit are time deposits offered with maturities ranging from 30 days to 5 years that earn a competitive interest rate. You can earn a higher fixed rate of interest with the commitment of funds for a designated length of time. Rates are based on amount and time invested, often with higher rates for longer terms to increase earnings.
*Additional disclosures will be provided at account opening.
Pines Business Money Market:
Our Pines Business Money Market Account is a convenient investment account available to all businesses. Enjoy immediate access to your money and check writing capability while earning competitive interest rates on your balances. Open your Pines Business Money Market Account with us, maintain the required minimum daily balance, and you'll pay no monthly service charge.
- $2,500 minimum opening deposit
- $10 monthly maintenance fee is waived when you keep a minimum daily balance of $2,500.
- Up to six withdrawals permitted per month, with no more than three by check. A $25 fee will be accessed for each check in excess of three per month.
*Interest rates paid according to balance tiers
*Additional disclosures will be provided upon account opening.
Credit Cards
Visa Business:
Improve and Simplify Your Business Expenses.
The Torrey Pines Bank Business Credit Card is your ideal business partner, designed to provide a generous revolving line of credit to help manage business expenses and time more effectively. Your benefits:
- Simplify arranging and paying for employee travel and entertainment.
- Separate business and personal expenses.
- Track expenses more efficiently and reduce paperwork with flexible billing options.
- Utilize available management reports to monitor card activity. Simplify record keeping and tax preparation, saving time and money.
- Improve cash flow by extending payments when necessary.
- Cover routine unforeseen business expenses.
- DreamMiles: earns you one point for every dollar you spend with your card. Choose from hundreds of rewards options including discounted travel, brand-name merchandise, gift cards, cruises, hotel stays and free airline tickets.
- Annual percentage rate (APR) for purchases:
2.99% fixed for six months*, after that 12.24% - Balance transfer and Cash Advance APR:
2.99% fixed for six months*, after that 12.24%
*from date account is approved
Rates effective as of 2/1/2007
See additional disclosures included with credit application.
Talk to your Torrey Pines Relationship Banker about applying for your Visa Business.
ATM/Debit Cards
Pines ATM Card: Our Pines ATM Card allows you to access your checking or savings accounts 24 hours a day, seven days a week:
- Withdraw cash up to a maximum of $1,000.00 (if there are sufficient funds in your account) per day
- Purchase up to a maximum of $500.00 worth of goods and services per day
- Make deposits at Torrey Pines Bank branch ATMs
- Transfer between checking and savings accounts (limitations may apply)
- Verify account balances at our Automated Teller Machines (ATMs) or literally thousands of ATMs in the United States and throughout the world. We are members of the Plus System®, Star System®, and Explorer® Networks.
*Additional disclosures will be provided at account opening
Pines Check Card:
Our Pines Check Card is an ATM and Visa Check Card. Enjoy the benefits of access to your checking or savings accounts 24 hours a day, seven days a week.
- Use for purchases anywhere VISA® is accepted. Your payment is automatically withdrawn from your checking account at Torrey Pines Bank. Your purchases will be detailed on your regular monthly statement.
- Withdraw cash up to a maximum of $1,500.00 (if there are sufficient funds in your account) per day
- Make Point of Sale and VisaPurchases as well as cash advances (up to $1000 per day).
- Make deposits at Torrey Pines Bank branch ATMs.
- Transfer between checking and savings accounts (limitations may apply)
- Verify account balances at our Automated Teller Machines (ATMs) or literally thousands of ATMs in the United States and throughout the world. We are members of the Plus System®, Star System®, and Cirrus® Networks.
*Additional disclosures will be provided at account opening.
Overdraft Protection
Pines Reserve:
Do you sometimes worry that your account might be overdrawn? Protect your personal account with Pines Reserve.
Our Pines Reserve is a revolving line of credit that is attached to your checking account. Funds are automatically transferred from your Pines Reserve available credit limit to your checking account to pay for checks or other items that are larger than your checking account's balance.
Need additional cash in a hurry? You can also initiate advances against your Pines Reserve for any amount up to your credit limit to help pay for expected or unexpected expenses. You simply repay the used portion of the loan in full or in monthly installments.
There's no need to worry about overdrawn accounts - or overdraft fees - with our Pines Reserve. Please contact one of our loan officers to learn more.
*Additional disclosures will be provided at receipt of signed application.
Merchant Services
Reliable, Low-Cost Processing
Businesses such as yours realize the importance of low-cost, reliable Merchant Bankcard Services to process your Point of Sale (POS) and credit card purchases. Torrey Pines Bank offers state of the art Merchant Processing. You may choose to either purchase or lease the processing equipment.
Advantages of Merchant Bankcard Services
- Point of Sale (POS) purchases. Your customers can use their bank ATM cards for purchases. This provides a valuable convenience to customers and you have the assurance of guaranteed funds.
- Credit card purchases. Credit card purchases are in important source of business. Faster settlement and deposit of funds to your account gives you the flexibility you need to meet your financial commitments. When you accept more cards, you give your customers more payment options. By offering both point-of-sale and credit card payment options, you increase your sales opportunities. These electronic features greatly reduce your exposure to loss from returned bank checks.
- Global card acceptance capability. Our network accepts MasterCard®, VISA®, Discover Card®, American Express®, Diners Club/Carte Blanc®, and other private label/proprietary cards, providing your business with global card acceptance.
- Competitive pricing. We are committed to providing you with quality service at competitive prices. To accomplish this, we carefully controlliability and minimize loss by limiting our service to low-risk merchants. With reduced losses, you benefit because we canpass on our services to you at lowered costs.
- Support after the sale. Our specially trained professional staff will help you select a program that best meets the individual needs of your business. Various options are available, so be assured you will receive a program that provides quality service and lowpricing. One simple phone call will connect you with our customer support team, and they are available to provide you with training and support, as well as replace any equipment needing repair with 24 hours.
- Enhances your business image. Your customers will benefit from our Merchant Bankcard Services by spending less time paying for services, thus increasing your customer service efforts and loyalty to you and your business.
