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Business Banking

Providing Thoughtful Expertise to Help You Succeed.

Starting or growing your company?

At Tandem, we take a common sense approach to helping business owners build their business. Because we’re entrepreneurs ourselves, we’ve walked a mile in your shoes. Unlike other banks, we can identify with the challenges unique to growing businesses. Our seasoned bankers are here to remove roadblocks to your success.

Business Checking

Running a business requires knowledge, hard work and dedication. Tandem can help make life a little easier by offering several business checking account options to meet your unique needs.

Free Business

A perfect solution for most businesses.

  • No minimum balance
  • No monthly service charge
  • 500 Free monthly debit and credits
    (credits in excess of 500 are charged 15¢)

Analysis Account

Designed for businesses with treasury services and a higher volume of transactions.

  • Designed for businesses with more complex treasury services needs, such as ACH and Wire services
  • Earnings credit offsets transaction fees

Business Interest

Available for sole proprietorships or nonprofit organizations.

  • Earns competitive interest rate
  • Only $1,500 average ledger balance to avoid low monthly service fee of $7

Lawyers Trust Account (IOLTA)

Available for lawyers’ escrowed funds.

  • Earns competitive interest rate
  • No monthly service charge
  • Only $1,500 average ledger balance to avoid a low monthly service charge of $7

Every business checking account comes with the following services:

  • Integration with QuickBooks®
  • Business Mastercard® Debit Cards
  • Connect via Apple Pay®, Google Pay, Samsung Pay®
  • No charge for using other bank’s ATM
  • Mobile App or Online Banking
  • Bill Pay
  • No charge for incoming wires
  • E-statements

Business Savings

Earn competitive rates on excess cash while maintaining immediate access to funds

Money Market Account

  • Tiered interest rate based on daily available balance
  • 6 withdrawals per monthly statement cycle
  • $5 charge for each debit in excess of 6 per monthly statement cycle
  • $2,500 average daily available balance to avoid monthly $10 service charge

Certificates of Deposit

  • Flexible terms from 6 months to 5 years
  • Competitive rates for a fixed period
  • Early withdrawal penalties may apply
  • $5,000 minimum deposit to open

Money Market accounts come with the following services:

  • Easy transfers using Mobile App or Online Banking
  • No charge for incoming wires
  • E-statements available

Business Loans

Whether you are starting or growing your company, Tandem has seasoned business bankers who seek to understand your unique needs and develop customized loan structures to help your company flourish. We offer a wide variety of business credit products:

Commercial Real Estate

Financing is available for the construction or purchase of commercial real estate for a variety of property types. These loans are usually amortized over 20 years with 5-year balloon structure.

Business Expansion

Loans may be available to assist with the acquisition of another company, expansion of product line or service offering or buyout of existing shareholders. Loans generally range from 3 years to 7 years with principal and interest payments due monthly.

Working Capital

Revolving lines of credit may be structured to finance seasonal cash needs, receivable or inventory growth or other short-term cash flow needs. These loans are typically 12 months and reviewed annually.

Equipment

Loans are available to provide that next piece of equipment or asset for your company. Loan terms can often be set to correspond with the life of the asset and repayment can be structured to optimize your cash flow.

Construction & Development

Construction loans for builders or homeowners seeking to build residential homes. The loans are often structured over a 12-month construction phase with interest-only payments. Draws on the line are generally monthly and construction progress is inspected by a third-party inspector prior to funding the draw request. For builders, Tandem provides construction financing for both speculative and pre-sold homes.

For developers looking to develop lots for residential construction, we selectively provide financing for such projects.

SBA Loans

Tandem partners with the U.S. Small Business Administration (SBA) to offer the advantages of extended repayment terms and reduced capital requirements. SBA Loan Programs 7(a) and 504 are available for a variety of purposes, including owner occupied real estate, business acquisitions, machinery and equipment and start up financing.

Tandem Bank NMLS #1906962

Treasury Services

Customized products and services that help your business improve efficiencies, increase controls, reduce expenses and enhance earnings. As your needs change and grow, we have additional treasury management services to help you with reporting, monitoring and initiation of various payment and receivable management solutions.

Information Reporting

Use our Treasury Mobile App or Online Banking to manage the finances of your business.

  • Assign controlled access to designated employees
  • Access balances, transaction histories, transfer funds and make loan payments
  • View statements and check images
  • Create custom reports and export information to financial management software
  • Initiate stop payments
  • Receive timely customized alerts containing account and transaction information

Collecting Funds

Solutions to conveniently speed up and streamline the management of your receivables.

  • ACH Origination – Automate the collection of funds with pre-authorized payments from customers
  • Mobile Deposits – Use Treasury App to deposit checks while on the go with flexible limits.
  • Remote Deposit Capture – Desktop scanner provides the flexibility to deposit checks from your office
  • Merchant Card Services – Improve cash flow with next day funding from debit and credits payments. Transparent pricing with no contracts

Disbursing Funds

Solutions to enhance the efficiency of your payable process.

  • ACH Origination – Pay vendors, employees and federal taxes. Disperse cash to other accounts
  • Business Bill Pay – Schedule electronic recurring or one-time bill payments. Save time and money on check writing, postage, and envelopes.
  • Wire Transfers – Initiate and approve outgoing wire transfers. Enhanced security features allow you to establish dual control requirements and maximum dollar limits for online users.
  • Purchasing Cards – Exercise greater security and control for your day-to-day business purchases, vendor payments, and travel and entertainment expenses. Simplify reporting, reimbursements and transaction management.

Fraud Prevention

Advanced tools are available to add an extra layer of defense to minimize risk and unnecessary losses.

  • Positive Pay and Account Reconciliation – By providing a list of distributed checks and pre-authorized ACH transactions we are able to monitor and detect fraudulent items attempting to clear your account. If an item is not on the list, or the issue date or dollar amount are different, we flag it for your review.
  • ACH Filters and Blocks – Manage transactions within time constraints and minimize the risk of unauthorized ACH transactions by automatically preventing them from posting to your account.
  • ACH and Wire Transfer Email Notifications – The sophistication of Online Treasury Management allows you to customize a multitude of alerts that will notify you when transfers are initiated by online users.

Liquidity Management

Manage liquidity to fund working capital, secure higher returns and reduce debt.

  • Sweep Accounts – Consolidates excess and deficit cash balance accounts to achieve efficiency in funding costs and better control cash collection, distribution, and investment.
  • Loan Sweep – Transfers funds between your business operating account and line of credit to minimize interest, reduce potential overdraft, and maximize use of funds.
  • Insured Cash Sweep – Moves excess cash from money market account to boost earning potential while still maintaining daily liquidity needs and FDIC insurance.

Business Credit Cards

Business Card

Provides businesses who may need to carry a balance a convenient way to manage everyday business expenses.

Tandem Bank Business Credit Card

Benefits

  • Track purchases on itemized statements
  • Improve cash flow with added buying power for your business
  • Up to 50 card holders per account
  • Make business purchases around the world
  • Manage payment options and transactions online
  • Set account alerts to track payments and balances online
  • 1% cash back available on rewards card, up to $1,000 annually
  • Card options:
    • Platinum Card with Cash Back Rewards – cash back with a $79 annual fee
    • Platinum Benefits Card – no annual fee

Tandem Bank credit cards are issued by ServisFirst Bank. All credit cards are subject to credit approval.

Purchasing Card

Offers functionality and reporting to effectively manage your business payables and earn a cash rebate. The online account management system allows cardholders the ability to reconcile their charges with the expense management system.

Tandem Bank Purchase Credit Card

Benefits

  • Improve efficiency, reduce costs, and have a greater visibility into expenses and procurement.
  • Restrict cards at the individual level by merchant category, daily and monthly spend, and much more.
  • 24/7 online access allows administrators to add cardholders, MCC codes, increase/decrease spend limits, view approvals/declines, print statements, update profiles, and make payments in real-time.
  • Earn cash back rebate on all purchases through a tiered rebate structure.

Expense Management Software

The Expense Management module offers broad functionality by leveraging advanced capabilities for queries, workflow management, report generation, and data exports.

  • Define account code segments including cost centers, departments, or other account ledger indicators to automatically assign to transactions.
  • Account holders can review, edit, and submit expense reports for supervisors to review.
  • Provides program administrators, finance personnel, and travel and purchasing managers extensive spend analysis tools.
  • Track out of pocket and mileage expense reimbursements and record on separate reports for audit purposes.

Visa® Payables Automation

  • Streamline the way you pay your suppliers: Visa® processes your account payable files and adjusts limits as needed. A remittance notice is then sent to your supplier, and, after your supplier charges the card, you will receive all reconcile notifications.
  • Control spending: Visa® can automatically adjust your commercial card limit to match approved invoices, reducing the risk of unauthorized activities.
  • Optimize cash flow: Since your supplier charges a Visa® account, you do not have to pay until you receive a consolidated bill from your bank.

Cash Back Tiers

  • $0 – $499,999 annual purchases   0.25%
  • $500,000 – $4,999,999 annual purchases   0.75%
  • $5,000,000+ annual purchases   1.00%

Tandem Bank credit cards are issued by ServisFirst Bank. All credit cards are subject to credit approval.

Business Checking

Business Checking

Running a business requires knowledge, hard work and dedication. Tandem can help make life a little easier by offering several business checking account options to meet your unique needs.

Free Business

A perfect solution for most businesses.

  • No minimum balance
  • No monthly service charge
  • 500 Free monthly debit and credits
    (credits in excess of 500 are charged 15¢)

Analysis Account

Designed for businesses with treasury services and a higher volume of transactions.

  • Designed for businesses with more complex treasury services needs, such as ACH and Wire services
  • Earnings credit offsets transaction fees

Business Interest

Available for sole proprietorships or nonprofit organizations.

  • Earns competitive interest rate
  • Only $1,500 average ledger balance to avoid low monthly service fee of $7

Lawyers Trust Account (IOLTA)

Available for lawyers’ escrowed funds.

  • Earns competitive interest rate
  • No monthly service charge
  • Only $1,500 average ledger balance to avoid a low monthly service charge of $7

Every business checking account comes with the following services:

  • Integration with QuickBooks®
  • Business Mastercard® Debit Cards
  • Connect via Apple Pay®, Google Pay, Samsung Pay®
  • No charge for using other bank’s ATM
  • Mobile App or Online Banking
  • Bill Pay
  • No charge for incoming wires
  • E-statements
Business Savings

Business Savings

Earn competitive rates on excess cash while maintaining immediate access to funds

Money Market Account

  • Tiered interest rate based on daily available balance
  • 6 withdrawals per monthly statement cycle
  • $5 charge for each debit in excess of 6 per monthly statement cycle
  • $2,500 average daily available balance to avoid monthly $10 service charge

Certificates of Deposit

  • Flexible terms from 6 months to 5 years
  • Competitive rates for a fixed period
  • Early withdrawal penalties may apply
  • $5,000 minimum deposit to open

Money Market accounts come with the following services:

  • Easy transfers using Mobile App or Online Banking
  • No charge for incoming wires
  • E-statements available
Business Loans

Business Loans

Whether you are starting or growing your company, Tandem has seasoned business bankers who seek to understand your unique needs and develop customized loan structures to help your company flourish. We offer a wide variety of business credit products:

Commercial Real Estate

Financing is available for the construction or purchase of commercial real estate for a variety of property types. These loans are usually amortized over 20 years with 5-year balloon structure.

Business Expansion

Loans may be available to assist with the acquisition of another company, expansion of product line or service offering or buyout of existing shareholders. Loans generally range from 3 years to 7 years with principal and interest payments due monthly.

Working Capital

Revolving lines of credit may be structured to finance seasonal cash needs, receivable or inventory growth or other short-term cash flow needs. These loans are typically 12 months and reviewed annually.

Equipment

Loans are available to provide that next piece of equipment or asset for your company. Loan terms can often be set to correspond with the life of the asset and repayment can be structured to optimize your cash flow.

Construction & Development

Construction loans for builders or homeowners seeking to build residential homes. The loans are often structured over a 12-month construction phase with interest-only payments. Draws on the line are generally monthly and construction progress is inspected by a third-party inspector prior to funding the draw request. For builders, Tandem provides construction financing for both speculative and pre-sold homes.

For developers looking to develop lots for residential construction, we selectively provide financing for such projects.

SBA Loans

Tandem partners with the U.S. Small Business Administration (SBA) to offer the advantages of extended repayment terms and reduced capital requirements. SBA Loan Programs 7(a) and 504 are available for a variety of purposes, including owner occupied real estate, business acquisitions, machinery and equipment and start up financing.

Tandem Bank NMLS #1906962

Treasury Services

Treasury Services

Customized products and services that help your business improve efficiencies, increase controls, reduce expenses and enhance earnings. As your needs change and grow, we have additional treasury management services to help you with reporting, monitoring and initiation of various payment and receivable management solutions.

Information Reporting

Use our Treasury Mobile App or Online Banking to manage the finances of your business.

  • Assign controlled access to designated employees
  • Access balances, transaction histories, transfer funds and make loan payments
  • View statements and check images
  • Create custom reports and export information to financial management software
  • Initiate stop payments
  • Receive timely customized alerts containing account and transaction information

Collecting Funds

Solutions to conveniently speed up and streamline the management of your receivables.

  • ACH Origination – Automate the collection of funds with pre-authorized payments from customers
  • Mobile Deposits – Use Treasury App to deposit checks while on the go with flexible limits.
  • Remote Deposit Capture – Desktop scanner provides the flexibility to deposit checks from your office
  • Merchant Card Services – Improve cash flow with next day funding from debit and credits payments. Transparent pricing with no contracts

Disbursing Funds

Solutions to enhance the efficiency of your payable process.

  • ACH Origination – Pay vendors, employees and federal taxes. Disperse cash to other accounts
  • Business Bill Pay – Schedule electronic recurring or one-time bill payments. Save time and money on check writing, postage, and envelopes.
  • Wire Transfers – Initiate and approve outgoing wire transfers. Enhanced security features allow you to establish dual control requirements and maximum dollar limits for online users.
  • Purchasing Cards – Exercise greater security and control for your day-to-day business purchases, vendor payments, and travel and entertainment expenses. Simplify reporting, reimbursements and transaction management.

Fraud Prevention

Advanced tools are available to add an extra layer of defense to minimize risk and unnecessary losses.

  • Positive Pay and Account Reconciliation – By providing a list of distributed checks and pre-authorized ACH transactions we are able to monitor and detect fraudulent items attempting to clear your account. If an item is not on the list, or the issue date or dollar amount are different, we flag it for your review.
  • ACH Filters and Blocks – Manage transactions within time constraints and minimize the risk of unauthorized ACH transactions by automatically preventing them from posting to your account.
  • ACH and Wire Transfer Email Notifications – The sophistication of Online Treasury Management allows you to customize a multitude of alerts that will notify you when transfers are initiated by online users.

Liquidity Management

Manage liquidity to fund working capital, secure higher returns and reduce debt.

  • Sweep Accounts – Consolidates excess and deficit cash balance accounts to achieve efficiency in funding costs and better control cash collection, distribution, and investment.
  • Loan Sweep – Transfers funds between your business operating account and line of credit to minimize interest, reduce potential overdraft, and maximize use of funds.
  • Insured Cash Sweep – Moves excess cash from money market account to boost earning potential while still maintaining daily liquidity needs and FDIC insurance.
Credit Cards

Business Credit Cards

Business Card

Provides businesses who may need to carry a balance a convenient way to manage everyday business expenses.

Tandem Bank Business Credit Card

Benefits

  • Track purchases on itemized statements
  • Improve cash flow with added buying power for your business
  • Up to 50 card holders per account
  • Make business purchases around the world
  • Manage payment options and transactions online
  • Set account alerts to track payments and balances online
  • 1% cash back available on rewards card, up to $1,000 annually
  • Card options:
    • Platinum Card with Cash Back Rewards – cash back with a $79 annual fee
    • Platinum Benefits Card – no annual fee

Tandem Bank credit cards are issued by ServisFirst Bank. All credit cards are subject to credit approval.

Purchasing Card

Offers functionality and reporting to effectively manage your business payables and earn a cash rebate. The online account management system allows cardholders the ability to reconcile their charges with the expense management system.

Tandem Bank Purchase Credit Card

Benefits

  • Improve efficiency, reduce costs, and have a greater visibility into expenses and procurement.
  • Restrict cards at the individual level by merchant category, daily and monthly spend, and much more.
  • 24/7 online access allows administrators to add cardholders, MCC codes, increase/decrease spend limits, view approvals/declines, print statements, update profiles, and make payments in real-time.
  • Earn cash back rebate on all purchases through a tiered rebate structure.

Expense Management Software

The Expense Management module offers broad functionality by leveraging advanced capabilities for queries, workflow management, report generation, and data exports.

  • Define account code segments including cost centers, departments, or other account ledger indicators to automatically assign to transactions.
  • Account holders can review, edit, and submit expense reports for supervisors to review.
  • Provides program administrators, finance personnel, and travel and purchasing managers extensive spend analysis tools.
  • Track out of pocket and mileage expense reimbursements and record on separate reports for audit purposes.

Visa® Payables Automation

  • Streamline the way you pay your suppliers: Visa® processes your account payable files and adjusts limits as needed. A remittance notice is then sent to your supplier, and, after your supplier charges the card, you will receive all reconcile notifications.
  • Control spending: Visa® can automatically adjust your commercial card limit to match approved invoices, reducing the risk of unauthorized activities.
  • Optimize cash flow: Since your supplier charges a Visa® account, you do not have to pay until you receive a consolidated bill from your bank.

Cash Back Tiers

  • $0 – $499,999 annual purchases   0.25%
  • $500,000 – $4,999,999 annual purchases   0.75%
  • $5,000,000+ annual purchases   1.00%

Tandem Bank credit cards are issued by ServisFirst Bank. All credit cards are subject to credit approval.