Ideal Business Account

Ideal Business Account® is a checking account designed for small and mid-size businesses that allows you to combine a credit line1 and an investment module, all under the same account number.
  
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 Manager SM
  • 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 ImageSM 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 

 

1

All extensions of credit, whether via credit cards, credit lines or loans, are subject to credit approval.

2

A minimum daily balance of $1,500 must be maintained in order to avoid a $10 monthly service fee.

3

The International ATH® Visa Gold Card requires a credit line and is available for accounts that do not require joint signatures.