Businesses

From everyday banking simplicity to stress-free lending, Ocean City Home Bank offers the products and services to help your business run smoothly, operate cost-effectively, and grow successfully. Whether you’re interested in a deposit account that’s both secure and convenient, a line of credit to help you undertake an expansion, a business debit card to make easy corporate purchases, or other commercial banking services, Ocean City Home Bank has the products to help you get down to business.

Designed for sole proprietors.

 

  • Low minimum balance
  • Low monthly maintenance fee*
  • This account pays no interest. The account is subject to no volume limitation on normal monthly activity.

*Fee will be waived with a lending relationship.

Designed for corporations.

 

  • Low minimum balance.
  • Low monthly maintenance fee.*
  • This account pays no interest. The account is subject to no volume limitation on normal monthly activity.

*Fee will be waived with a lending relationship.

Let your money work for you with a Business Sweep Account. Excess funds (over the threshold) are automatically swept from your Business Checking Account into an interest-bearing Business Sweep Account. Our Sweep account offers a competitive interest rate that is tiered to increase as your balance grows. There are no fees on this account - just savings made easy and convenient for your business.

 

Designed exclusively for realtors, this account makes it easy to save time and earn interest. Using a computerized Primary Account with numerous Sub-Accounts, you can easily deposit and track client funds collected for either home sale escrows or rental payments. Comprehensive monthly reports help streamline bookkeeping costs, and Sub-Account closing and withdrawal of funds is straightforward and simple. Not only do funds for deposit earn our highest interest rate, but there are also NO monthly maintenance fees.

 

  • Minimum to open Primary Account: $25.00
  • Minimum to earn interest on Sub-Accounts: $500.00
For attorneys who require an Interest on Lawyers’ Trust Account, Ocean City Home Bank offers the ultimate in simplicity and convenience, along with NO monthly service fees OR minimum balance requirements. Once notified of approval from the IOLTA Fund of the Bar of New Jersey, we’ll easily convert your non-interest-bearing Attorney Trust into an IOLTA. You’ll keep the same account number and checks, and we’ll remit all interest earned on the account directly to the IOLTA.

 

Federal law prohibits commercial customers from receiving deposits relating to illegal internet gambling. Ocean City Home Bank is required to enforce that prohibition. If your account is used for illegal internet gambling, we may terminate access to payment methods or close your account.

 

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