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West Point Bank

Business Banking

As a locally-owned bank, we know how important it is to support our business community. Our business banking services are competitive because we believe by working together we can ensure continued growth for all local businesses, including your own.

See below to find the account type that is right for you, or give us a call and we’ll help you open your account today. 

Checking Accounts

  • $100.00 minimum to open.

Number of Monthly Items Allowed:

  • 200 items per month. Items include each deposited item, all ATM/Debit Card debits/credits, ACH debits/credits, AFT debits/credits, withdrawals, checks, deposit tickets, and charge tickets.
  • A monthly service charge of $0.20 for each item that exceeds 200 items in a month.

Additional Service Charges for Money Service Business (MSB) and Non-Bank Financial Institutions (NBFI):

  • The bank will assess a monthly service charge to be determined at the banks discretion.
  • This monthly service charge will be subject to change based on the account activity and monitoring.
  • $100.00 minimum to open.
  • $75.00 monthly service charge.

Number of Monthly Items Allowed:

  • 1,000 items per month. Items include each deposited item, all ATM/debit card debits/credits, ACH debits/credits, AFT debits/credits, withdrawals, checks, deposit tickets and charge tickets.
  • A monthly service charge of $0.20 for each items that exceeds 1,000 items in a month.

Additional Service Charges for Money Service Business (MSB) and Non-Bank Financial Institutions (NBFI):

  • The bank will assess a monthly service charge to be determined at the bank’s discretion.
  • This monthly service charge will be subject to change based on the account activity and monitoring.

Other Accounts and Services

Our High Yield Savings account offers one of our most competitive interest rates. This is the perfect account to start your nest-egg or rainy-day fund.

  • Rate Information: Your interest rate and Annual Percentage Yield (APY) may change.
  • Fees could reduce the earnings on the account.
  • Determination of Rate. At our discretion, we may change the interest rate on your account.
  • Frequency of Rate Changes. We may change the interest rate on your account at any time.
  • Limitations on Rate Changes. There are no maximum or minimum interest rate limits for this account.
  • Compounding and Crediting. Interest will be compounded monthly and will be credited to the account monthly. If you close your account before interest is credited, you will not receive the accrued interest.
  • Minimum Balance Requirements. You must deposit $25,000.00 to open this account. A service charge of $25.00 will be imposed every month if the daily balance on any day of the month falls below $25,000.00. No minimum balance is required to obtain the APY.
  • Balance Computation Method. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
  • Accrual on Non-cash Deposits. Interest begins to accrue on the business day you deposit noncash items (for example, checks).
  • Transaction Limitations. You may make 1 free withdrawal per month. Each additional withdrawal is $25.00 per withdrawal.

Note: The High Yield Savings account is limited to those residing in (for consumer accounts) or those with a principal office (for business accounts) located in the following counties: Hardin, LaRue, Meade, Breckinridge, Grayson, Hart, Nelson, Bullitt and Jefferson.

Our Money Management account offers you the ability to earn interest on your cash. Earn a better interest rate on your savings with easy access to your funds.

  • $1,000.00 minimum to open.
  • A service charge of $10.00 each month if the balance drops below $1,000.00 any day of the month.
  • Minimum daily balance of $500.00 in the account each month to obtain the disclosed annual percentage yield.

A Certificate of Deposit (CD) is a safe and secure way to invest your money. Your return will be your original deposit, plus the interest you earn. The interest paid to you depends upon the current interest rate and the length of time you choose to leave your money on deposit

  • Maturity terms available from 91 days to 48 months.
  • Minimum to open varies depending upon term length.
  • Fixed interest rate on daily balance until maturity.
  • Interest will be compounded and credited to your account according to the terms of your certificate. You may receive interest by check or deposit to a checking or savings account if requested when opening the account.
  • Online Banking access to your certificate of deposits.
  • Ability to combine your certificate of deposit to your monthly checking account statement.

We offer Merchant Accounts!

Our Merchant Service Provider is Merchant’s Pact. For more information, please contact Greg Schlegel.

Greg Schlegel
Director of Sales
Phone: (502) 290.2218
Email: GSchlegel@merchantspact.com

Merchant PCI Compliance Program

PCI Compliance Manager

Login to your merchant account and complete the necessary steps to become certified as compliant.

For assistance, you may contact Compliance Support at 866.957.1807.

Our Cash Management Services are able to help businesses simply and efficiently manage their funds. Our customers depend on effective cash flow in order to maintain operations running smoothly. West Point Bank provides services to help every business, regardless of size.

ACH – Deposit or receive funds with multi-user access from your office. Utilizing ACH deposits can make billing or payroll a breeze.  

Bill Pay – Be in control of your own payments. The Business Bill Pay program allows for you to run accounts payable from anywhere.

Merchant Capture – All of the convenience of a teller line in your office. West Point Bank’s merchant capture program allows for you to deposit checks from your own desk.

Reciprocal Deposits – Would you like to access multi-million-dollar FDIC protection on your deposits, earn interest and enjoy flexibility at the same time? Now you can through reciprocal deposits.

If you are interested in any of these great services, please contact your branch!

All current online banking customers have access to use West Point Bank’s mobile banking via the WPB Go App. In order to access mobile banking, you must first sign into your online banking at least one time.

To download the mobile app, visit:

App Store

Google pay

With mobile banking, you have the convenience of viewing account balances and transaction history, transferring funds, and locating nearby branches or ATMs. You can also deposit checks and pay bills on the go! Whether you want to download the app, use our mobile web browser, or simply receive text notifications, we have a mobile banking product that fits your needs. Our new enhanced mobile banking product is fully integrated with our online banking product and uses one convenient set of credentials to log in to either service.

Each West Point Bank Business Banking account comes with free monthly statements, online banking, mobile banking, eStatements, bill pay and telephone banking. 

West Point Bank is proud to offer several products and services to our customers. Some of these services come with various fees. Please be sure to review the Account Fee Schedule.

ACCOUNT FEE SCHEDULE

Online Banking & Bill Pay – Online Banking allows you to view the balance and print recent activity from each of your accounts.

eStatements – To save paper and time, you have the option to receive your statements via online banking. eStatements allow you to view, print and/or save your statements at your convenience.

Autobooks –  Autobooks is a tool for business customers that allows you to send invoices, accept payments and keep track of customers from inside online banking. More info on Autobooks.

Credit Cards – Ask us about our West Point Bank MasterCard credit card. This card can be used anywhere displaying the MasterCard logo. Credit Card Applications are available on request, see a West Point Bank customer service representative for an application, fees and interest rate.

Open an account with us.

Every business is different and we understand that. In order for us to provide the correct business banking account for you, we would like to encourage you to visit any of our convenient locations in order to speak with someone from our knowledgeable and friendly team.

Loan Applications

Please choose from one of the following applications to download for your specific loan needs. If you need assistance, you can contact a loan officer during our regular business hours.

Consumer Real Estate

Download

Business / Commercial Real Estate

Download

Non-Real Estate

Download
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