Fulton Bank (formerly Republic) has eliminated the external bank transfer capabilities that were included with our Republic Bank accounts.
We’ve used Republic Bank for its free business checking for years & really liked it.
Unsurprisingly, Fulton has reduced what’s offered, and it’s no longer possible to transfer deposits to bank accounts outside of Fulton.
Can anyone recommend other banks in NJ with free business checking that includes external transfers?
TIA
You might want to check out ConnectOne Bank. They offer a Small Business Checking account with free online banking and bill pay services, which should cover your external transfer needs. Plus, there are no minimum balance requirements. ConnectOne Bank Small Business Checking
Mid Penn Bank has a Free Business Checking account that includes free access to their online banking service with view and transfer capabilities. They also offer a Visa® Business Check Card at no cost. Mid Penn Bank Business Checking
I’ve been using Haven Savings Bank for a while now. They offer free internet banking with bill payment and online access to statements and check images. Their business checking accounts come with free mobile banking and 24-hour ATMs at all branch locations. Haven Savings Bank Business Products
Another option is ConnectOne Bank’s Business Analysis Checking. It offers free online banking and bill pay services, and you can send wire transfers remotely from your online banking. They also provide Positive Pay to keep your funds secure. ConnectOne Bank Business Analysis Checking
It’s important to review each bank’s specific terms and conditions to ensure they align with your business needs. Some banks may have transaction limits or fees associated with certain services, so make sure to read the fine print before making a decision.