FDIC - Insured - Backed by the full faith and credit of the U.S. Government.PiermontSimple Plan Making Banking Simple
Introducing a simple monthly subscription plan that you can select based on your monthly balance and transaction volume. We are taking surprises such as hidden fees out of the equation and putting simplicity and transparency in – with the all new PiermontSimple Plan for business. Because simpler is better.
Get StartedStarter
Ideal for new and small business on the rise.
Starter
$10,000 minimum average monthly balance required in the account2
Zero monthly service fee
Up to 50 free transactions per month1 including domestic and international wires3
Conveniently send and receive funds via wire transfer or Online Bill Pay
Free Access to Online Banking and Mobile Banking
Includes Business Debit Card with no transaction fee
Growing
Perfect for small and growing business making big moves.
Growing
$100,000 minimum average monthly balance required in the account2
Zero monthly service fee
Up to 100 free transactions per month1 including domestic and international wires3
Conveniently send and receive funds via wire transfer or Online Bill Pay
Free Access to Online Banking and Mobile Banking
Includes Business Debit Card with no transaction fee
Established
Additional benefits for well-established businesses, all on us.
Established
$250,000 minimum average monthly balance required in the account2
Zero monthly service fee
Up to 100 free transactions per month1 including domestic and international wires3
Conveniently send and receive funds via wire transfer or Online Bill Pay
Free Access to Online Banking and Mobile Banking
Includes Business Debit Card with no transaction fee
Plus your first check order FREE
How it works
With easy sign-up, no complicated fine print, and no locked-in commitments, PiermontSimple delivers subscription banking for all in four simple steps:
Choose from three plan tiers
based on your average monthly balance and transaction volume.
Pay one flat fee
per month, no hidden fees with transparent pricing.
Enjoy Free Transactions1
including both incoming and outgoing international and domestic wires.3
Our Pay-Back Promise:
If you have no banking transactions in a given month, we will reimburse your fee.3
Ready for a Better Banking Experience?
Our benefits
FAQ
If you have any further questions, please drop us a note via the link below.
Contact UsHow does this subscription program give me better benefits than my current bank?
Other than setting your mind free on fees and all the awesome benefits we talked about above? Think about it this way - if your business initiates one wire a month, which typically can cost up to $35 per transaction at a bank, your monthly subscription fee is well worth its value!
How is my subscription fee paid?
Your fee automatically withdraws from your subscription account on the same day each month.
What if I go over my free transaction limit?
Each transaction over your plan’s monthly limit will be charged at the standard fees that Piermont Bank charges on its regular business checking account until the start of the next subscription cycle.
Do my free transactions roll over if unused?
Unfortunately, unused transactions don’t carry over, and your free transaction limit resets to the same allotted amount each month.
What if my balance falls below my plan minimum?
If your monthly average balance falls below the minimal requirement, your account will be downgraded to the lower level plan automatically. If it falls below $10,000, the lowest level requirement, your account will be charged the standard fees that Piermont Bank charges on its regular business checking account.
Can I decide to opt out later?
Yes, you can end it at any time without penalty, so give us a try at no risk!
Are there criteria on who is qualified for the PiermontSimple plan?
The PiermontSimple Plan is intended for businesses with 100 transactions or less each month or average monthly balance not exceeding $1 million. If your business does not qualify, please contact us at [email protected] to discuss alternative product that may better suit your business needs.
PiermontSimple Plan Disclosure
- The PiermontSimple Plan account is a business demand deposit account and is intended for businesses with 100 transactions or less each month or average monthly balance not exceeding $1 million. You may open up to three (3) PiermontSimple Plan accounts at Piermont Bank. Piermont Bank reserves the right at any time to modify the terms and conditions of this PiermontSimple Plan account(s) without prior notice.
- If your monthly average balance increases and meets the next level plan requirement, your account will be automatically upgraded to the next level to ensure you receive the maximum benefits. If your monthly average balance falls below the minimal requirement, your account will be downgraded to the lower level plan automatically. If it falls below $10,000- the lowest level requirement- your account will be charged the standard fees that Piermont Bank charges on its regular business checking account.
- Free transactions include checks, deposit tickets, deposited items, ACH received debits or credits, domestic incoming and outgoing wires, and international incoming and outgoing wires. All wires transactions included are in USD only. Additional fees apply to foreign currency wires. Mobile deposit is available only in the U.S. and U.S. Territories. Each transaction over your plan’s monthly limit will be charged at the standard fees that Piermont Bank charges on its regular business checking account for such transaction until the start of the next monthly cycle. Unused transactions do not carry over to the following month. If you have no transactions for a given month, and you maintain an average balance above the minimum plan requirement, we will refund you the monthly subscription fee for that month.