As an independent neighborhood bank, Martha’s Vineyard Savings Bank offers a wide range of services for both small and large businesses. When it comes to business services, choosing a local bank like Martha’s Vineyard Savings Bank means your deposits stay on Island and can be used to make loans back to the community. All decisions regarding your accounts are made on Island and that means a quick response to your financial needs. We offer a full range of deposit, loan, and investment services with seven convenient locations across the Island. We are committed to knowing your business, your goals, and, most importantly, your name.

Checking
Smart Business Checking Account
At Martha’s Vineyard Savings Bank we take particular pride in serving our business customers and have tailored this account to be economical and simple for Island Businesses. Whether you have a year-round or seasonal business, this affordable account will work for you.

The Smart Business Checking Account includes these benefits:

• No annual fee
• ATM or debit card
• Free online banking
• Free telephone banking
• Optional overdraft protection services
   

Savings
Business Statement Savings Account
This account offers a convenient way to save, competitive interest rates, monthly statements, and easy access to your money.

The Business Statement Savings Account includes these benefits:

• No annual fee
• ATM card
• Free online banking
• Free telephone banking

Business Money Market Account
With this convenient interest-bearing account, you’ll get our competitive tiered rates that rise with your balance, plus easy access to your money. You can make an unlimited number of withdrawals at ATMs or branches.

The Business Money Market Account includes these benefits:

• No annual fee\ATM card
• Free online banking
• Free telephone banking
• Competitive tiered interest rates
• Free money market checks
• Optional overdraft protection services

Other Services

Business Online Banking
Now you can have 24 hour access to account information from the convenience of your computer.  Business Online Banking is convenient, easy to use, secure and FREE. 

Business Online Banking allows you to:

• Get up-to-the-minute balances on all your accounts
• Pay bills with Business Bill Pay
• Make immediate transfers between your Martha’s Vineyard Savings Bank accounts
• Make future-dated or recurring transfers between your Martha’s Vineyard Savings Bank accounts
• View your statements for the current and previous month
• Print summaries of all your transactions
• Export transactions to Quickbooks® or Microsoft® Money
• Go paperless - sign up for eStatements

We now offer online Business Bill Pay, a service that will save you money on postage, envelopes, checks and most important - time.

With our Business Bill Pay service you can:

• Make one-time payments
• Update payment instructions
• Easily set-up new payees
• Set-up bill reminders
• Track payments
• Schedule future and recurring payments
• Set-up convenient e-bills eliminate the paper

Enrollment 
If you wish to enroll for  Business Online Banking and Business Bill Pay services, please visit one of our 7 convenient branches from Chilmark to Edgartown, and a Customer Service Representative will be happy to enroll you, or call 1-800-490-BANK (2265) for more information.

Merchant Card Services
We offer customized payment-processing solutions that help you serve your customers with speed and accuracy while enhancing your efficiency and productivity. Let us help you design a program that meets your needs now, but is flexible enough to grow as your business grows.

We will customize a program to accept major credit cards, including:

• Visa®
• MasterCard®
• American Express®
• Discover®

You can manage your business through E-Merchant View, our online reporting tool. You’ll be able to monitor transactions, reconcile batches and view statements all via the Internet.

Government Banking
The Martha’s Vineyard Savings Bank Government Banking Account is a premium interest-bearing checking account designed especially for municipalities, school districts, housing authorities, unions, retirement boards, and other state and local government entities. Unlike other banks, Martha’s Vineyard Savings Bank is offering its Government Banking Account free of service charges when the account’s daily minimum balance is greater than $200.

This account is a required component of any Government Banking solution, and offers unlimited check-writing capability, a favorable interest rate on excess balances, and a next-day availability schedule.

For more information on any of these products and services, please contact you local branch representative or give us a call at 1-508-627-4266.