Business Solutions
Small Business Checking
Colonial Federal's Small Business Checking account is designed to help you stay on top of your finances. We will give personal attention to your banking needs, providing you with Online Banking, Bill Payment, a Debit MasterCard and Telephone Banking.
- $500 minimum balance
- Earnings credit to reduce monthly fees
- Night deposit service
- Free POS debit transactions using your Debit MasterCard. International transactions are subject to a 3% service assessment on the U.S. dollar amount.
- Debit MasterCard with your company name are available to any authorized signer on your account.
Please contact us for a complete account disclosure.
Small Business Risk Management Resources
The following links to articles, publications and tips from various non-profit, government and third party agencies have been included to help small business owners manage change, safeguard their business, and plan for the future.
- Alerts & Notices
- Information on how to secure your business networks from the US Computer Emergency Readiness Team (US-CERT)
- Information on safeguarding your business, employees and customers from online attacks, data loss, and other threats from the National Cyber Security Alliance (NCSA)
- Small Business Administration
- Protecting your business from Fraud
Home and Small Office Use Security:
Having access to your business at anytime and place is very convenient BUT it also opens the door to many security issues. A computer using your home internet or a public WiFi network is more susceptible to an attack. Make sure your Firewall, Hardware and Software are always up to date. As always make sure you are using a Secure Network and always think before you Click!
Cyber-security Tips for Small Businesses
- Train employees in security policies (strong passwords of at least 12 characters long, Internet use, customer data)
- Maintain a separate computer for online banking and payroll, minimizing
- Back-up important business information and data
- Protect all computers and networks
- Secure your WiFi connections
- Purchase Cyber Insurance for your business