Deerwood Bank offers the
services you expect from a
"big" bank, while maintaining
the convenience and service
that only a local bank can
provide. These are just a few
of the services that can make
a difference for your business:
It's FREE! No minimum balance, no costly analysis charges or per-item fees. Includes free CHECK IMAGING as a part of your monthly statement.
Deerwood Bank partners with TransFirst to provide options for processing your credit card receipts ranging from traditional paper processing to point-of-sale operations and more advanced electronic data capture.
TransFirst is among the nation’s premier providers of transaction processing services and payment processing technologies. Click here to access your Merchant Credit Card account or to view a demo online.
If your business has multiple locations, our Cash Concentration service gives you the ability to collect your funds rapidly and reduce the clerical costs associated with funds gathering.
Our Lock Box Service allows your accounts receivable payments to be sent directly to a post office box. We will record and deposit your receivables on the same day we receive them, reducing your workload and ensuring your deposited items are cleared as quickly as possible.
Deerwood Bank gives you the ability to quickly and efficiently transfer funds directly into your employees' checking accounts, no matter where they bank. This service provides significant time and cost savings to you and reduces the risk of lost, stolen, or forged checks.
A fast, efficient way to transfer funds from one bank to another. Transfers can be done at regular intervals or on a one-time basis.
You choose to bank with us, why not carry our credit card? Apply Now!
The UIGEA, signed into law in 2006, prohibits any person engaged in the business of betting or wagering (as defined in the Act) from knowingly accepting payments in connection with the participation of another person in unlawful internet gambling. The Department of Treasury and the Federal Reserve Board have issued a joint final rule, Regulation GG, to implement this Act.
As defined in Regulation GG, unlawful Internet gambling means to “place, receive or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received or otherwise made”.
As a customer of Deerwood Bank, these restricted transactions are prohibited from being processed through your account or banking relationship with us. If you do engage in an Internet gambling business and open a new account with us, we will ask that you provide evidence of your legal capacity to do so.
Please see one of our Customer Service specialists if you would like additional information on UIGEA or Regulation GG.