| Checking Module- Keep your money under control with a checking account that serves you as a base for the investment and credit modules. You only need a $250 deposit to open the account.
Benefits:
Credit Line ModuleSM - Get immediate availability of funds without continuously applying for credit with a credit line that covers credit needs from $10,000 up to a maximum of $250,0001.
Benefits:
- Provides the flexibility of establishing a payment plan adjusted to your business’ cash flow
- Avoid overdrafts by automatically protecting your checking account
- Allows automatic access to the available funds in your credit line
Investment ModuleSM- Earn interest for your money through an investment module that allows you choose between two types of investments:
- Automatic Management: At the end of each working day, Banco Popular automatically transfers to Investment ModuleSM any funds in excess of your pre-established balance from the Ideal Business Checking ModuleSM. This pre-established balance must be equal to or greater than $5,000 and in multiples of $1,000.
- Personal Investment Management: You transfer the funds from the checking account to the investment module, according to your needs. You can initiate the transaction via Pay-By-Phone Popular®, any Banco Popular automatic teller machines, using deposit and withdrawal slips or through Internet Banking.
Benefits:
- Offers you the alternative to transfer your money to the investment module.
- Allows you to earn interest over your operational funds. The more money you have in your investment module, the higher the interest you earn.
The Ideal Business Account® also offers the following tools to ease your business administration:
- ATH® card and International ATH® Visa Gold card
- Commercial TeleBank
- Internet Banking
- Web Cash ManagerSM
- Account Statement: Facilitate your business administration process using Ideal Business Account® monthly account statement. This statement eases your account conciliation process and includes:
- Summary of transactions by type in each of your account modules
- List of checks in numerical order
- Detailed report on service charges
- Check Image SM, option that provides copies of all checks instead of cancelled checks only
ATH® card and International ATH® Visa Gold card3– Get immediate access to your money using these cards that allow you to:
- Make deposits, withdrawals, transfers or request balance information through any automatic teller machine
- Pay for purchases at participating stores
- Access Popular Pay-by-Phone®, Commercial TeleBank SM and www.bancopopular.com
Commercial TeleBank - Access your account information through the telephone 7 days a week, 24 hours a day and 365 days a year calling to 1-888-756-9130. Commercial TeleBank SM is completely FREE and provides:
- Information on account balance and paid checks
- Information on your commercial loans
- Last 10 deposits
- Information on Ideal Business AccountSM
- Stop payments
- Other service information
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Ideal Business
