Business Banking does not need to be difficult. Bank of Odessa has the banking products you need to manage your business finances the right way. Choose from Business Checking, a Business NOW Account or keep your money working for you in one of our Business Savings Products. We offer you Money Market Accounts, Certificate of Deposit Accounts and standard Savings Accounts, all designed to keep you free to handle your business. Bank of Odessa has the banking products to help with your financial needs. Check out all the options, just call or stop by and one of our banking representatives will be happy to assist. The Bank of Odessa would love to help you find the perfect financial solutions to fit your ever-changing business needs.

BUSINESS CHECKING ACCOUNT
  • Minimum Balance to Open: The minimum balance required to open an account is $100.00.
  • Deposit Limitations: You are allowed to make an unlimited number of deposits into your account.
  • Fees and Charges: The following fees and charges apply to this account:
    • Maintenance Fee: $0.50 per statement
    • Check Fee: $0.10 per check
    • Deposit Fee: $0.26 per deposit
    • Transit Item Fee: $0.02 per item
  • Additional Terms: The following additional terms apply to this account: There is a $0.40 offset credit per $100.00 balance maintained during the statement period. Any credit offset will not exceed the total of any fees and/or charges assessed against the account during the statement cycle.
BUSINESS MONEY MARKET ACCOUNT

You will find that in today’s rapid business environment, it is essential to maximize the productivity of every aspect of your business, especially the cash in your business accounts. For Bank of Odessa business customer, money market accounts offer a safe and secure savings option with a higher rate of return than a checking account.

  • Compounding frequency – Interest will be compounded monthly.
  • Crediting frequency – Interest will be credited into this account monthly.
  • Daily balance computation method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
  • Accrual of interest on noncash deposits – Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
  • Minimum balance to open – The minimum balance required to open this account is $100.00.
  • Deposit limitations – You may make an unlimited number of deposits into your account.
  • Limitations on frequency of transfers – A depositor is permitted to make no more than six transfers per calendar month, or statement cycle of at least four weeks, to another depositor’s account, to a third party by preauthorized or automatic transfer, or telephone agreement, order or instruction, or by check, draft, debit card, or similar order to third parties. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the financial institution.
  • Fees and Charges – The following fees and charges apply to this account:
    • Excess Debit Fees: An excess debit fee of $1.00 will be charged for each debit transaction in excess of six during a monthly statement cycle.
BUSINESS SAVINGS ACCOUNT

A great savings rate makes good business sense. A penny saved is a penny earned…and then some. With a great interest rate, your business funds can truly grow with your Bank of Odessa Savings Account.

Bank of Odessa Business Savings Account was created as a flexible savings option for many kinds of businesses.

  • Compounding frequency – Interest will be compounded quarterly.
  • Crediting frequency – Interest will be credited into this account quarterly.
  • Effect of closing an account – If you close your account before interest is paid, you will not receive the accrued interest.
  • Daily balance computation method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
  • Accrual of interest on noncash deposits – Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
  • Minimum balance to open – The minimum balance required to open this account is $10.00.
  • Deposit limitations – You may make an unlimited number of deposits into your account.
  • Limitations on frequency of transfers – A depositor is permitted to make no more than six transfers per calendar month, or statement cycle of at least four weeks, to another depositor’s account, to a third party by preauthorized or automatic transfer, or telephone agreement, order or instruction, or by check, draft, debit card, or similar order to third parties. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the financial institution.
  • Fees and Charges – The following fees and charges apply to this account:
    • Excess Debit Fees: You are allowed six debits per quarterly statement cycle at no charge. An excess debit fee of $0.50 will be charged for each debit transaction in excess of six during a quarterly interest statement cycle.
    • Maintenance Fee: A maintenance fee of $1.00 will be imposed every quarterly interest statement cycle if the balance in the account falls below $10.00 any day of the cycle.
BUSINESS CERTIFICATE OF DEPOSIT

Certificates of Deposit (CDs), are instruments offered by Bank of Odessa to our business customers. Bank of Odessa provides a set rate of interest to our business customer for the full length of the CD period. Maturities on Bank of Odessa CDs vary from 91 Days to a full six years, at an interest rate that is fixed for the term of the investment.

Give us a call (816) 633-5331 or stop by either of our convenient locations. We can get you started today!

Business Certificate of Deposit – Earn interest on your business cash

  • Time deposit available from 91 days to 6 years
  • $1,000 minimum deposit
  • Interest rate is locked in for term
  • Interest may be credited to the Certificate of Deposit, Bank of Odessa account or paid by check
  • Early withdrawal penalty applies
  • Free Telephone Banking
BUSINESS LOANS

When your business is growing, you may need a little help to grow even more. At the Bank of Odessa, we understand, and we have a wide variety of business loans from which to choose. You’ll have access to cash for one time expenditures (acquiring new business assets or receivables financing, for example) or long-term finances (like permanent working capital or cash flow management). We at the Bank of Odessa are here to give you the help you need.

Give us a call (816) 633-5331 or stop by either of our convenient locations. We can get you started today!

  • Business Loans
  • Construction Loans