Mid Penn Bank offers a variety of checking accounts with great benefits and convenience.  We are confident that one of our checking products will be right for your financial needs.

Click here to open an account.

Free Business Checking*

• Available to all businesses.
• No minimum balance requirement.
• No monthly service charges.
• No per check charge.
• No deposit item fee.
• No per deposit fee.
• No charge for processing unwrapped coin.
• Customer must purchase business checks and deposit tickets through Mid Penn Bank.
  
  *Limited volume.  High volume transaction accounts may not qualify for Free Business Checking.  Account analysis may be required.

Regular Business Checking

• Available to all businesses.
• No minimum balance requirement.
• Unlimited check writing privileges.
• $5.00 monthly service charge plus $ .15 per check paid from your account.
• Account has an earnings credit to offset service charges.
• Earnings credit of $ .10 for every $100 of average collected balance, which is used to offset the service charges.

The earnings credit is not interest earned, nor is it carried forward from month to month.  It is only used to offset the service charges.

*Limited volume.  High volume transaction accounts may not qualify for Regular Business Checking.  Account analysis may be required.

Business NOW Account

• Available to sole proprietorships or to a husband and wife operating an unincorporated business.
• No minimum balance.  No monthly service charges.
• There is a $ .20 per check paid fee, which can be offset with interest the account earns.
• $1,000 daily minimum balance to earn interest.

Master Escrow Account

• Master Escrow Account is set up as a Free Business Checking Account.
• Individual sub-accounts can be set up under Master Escrow Account for clients.
• You receive monthly statements on your Master Escrow Account and sub-accounts.
• Bank generates 1099 forms on sub-accounts.
• No need to dedicate staff to track individual accounts.
• Allows staff to concentrate on more productive tasks.
• View balances and transfer funds from Master Escrow Account and sub-accounts via on-line banking.

Escrow Sub-Accounts

• Sub-Accounts are opened under an "umbrella" of your Master Escrow Account.
• Sub-Accounts can be opened on-line.
• Sub-Accounts have no minimum balance requirements and no monthly service charges.
• Sub-Accounts earn interest.
• Any Sub-Account can be closed without changing the status of the Master Escrow Account.
• Each Sub-Account is tracked by your client's Social Security Number.
• Each Sub-Account is insured by the Federal Deposit Insurance Corporation (FDIC) up to $100,000.

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A Mid Penn Bank Visa® Business Debit Card can make all your everyday purchases more convenient.  Use your card to make recurring business payments, purchase office equipment and merchandise, when booking hotel reservations, airline tickets, and more.   There’s no annual fee, plus the Visa® Business Debit Card provides cardholders with a zero liability protection.

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A MasterCard® Business Card gives you an edge.  With worldwide acceptance and flexible repayment options, the MasterCard® Business Card is a smart way for businesses to pay for everything from travel to office supplies, cellular phone charges and select utility bills, to vehicle maintenance, cleaning supplies and internet purchasing.  Plus, the MasterCard® Business Card has no annual fee to carry the card.

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• Accept payments of Visa, MasterCard, Discover, American Express, Diners Club, MAC, EBT, etc.
• If currently processing credit cards with another provider, receive a free, no obligation rate comparison.  If we can't save you money, we'll recommend you stay with your current credit card processor.
• If unhappy with your current credit card processor, continue using your current equipment, but reprogram with Mid Penn Bank.  No reprogramming fees.  New equipment can be purchased at very competitive prices.
• Monthly discounting versus daily discounting. All fees are taken out of your account at the end of the month, not every day!
• Merchant Services Representative available on premises.

Contact me about accepting credit card payments.

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Cash Sweep Accounts provide daily automatic transfers (e.g. sweeping) of demand deposit balances into an investment. The bank and the customer agree on the minimum balance to be maintained in the demand deposit account to cover checks and compensate the bank for the services. Balances above the minimum balance threshold are automatically transferred every night to a short-term investment account, such as a money market fund or a repurchase agreement. (Repurchase agreements are not FDIC insured.)

• Not available to individuals.
• Simplified pricing, unlike many complicated pricing formulas used at other financial institutions.
• Pricing for service is reviewed from time to time, allowing most customers this service for the minimum fee possible.
• The bank does sweeping and investing automatically.
• Excess funds are available immediately if customer needs them.
• Maximizes customer's earnings by minimizing excess checking balances.

Contact me about Cash Sweep Accounts.

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Commercial Lines Of Credit

Mid Penn Bank can set up a business with a pre-approved Commercial Line of Credit, which may be drawn upon at the discretion of the borrower.  The principal may be repaid in whole or in part at any time and re-advanced as needed.  Lines of Credit are approved for a 12-month period and are reviewed for renewal each subsequent 12 months.

Commercial Loans

Mid Penn Bank offers commercial loans for a variety of purposes, including real estate, equipment, working capital and business expansion or acquisition.  Mid Penn Bank provides customized loan packages designed to meet the unique needs of each individual business.  Please contact us if you would like one of our experienced loan officers to talk to you about your needs.

Key Lending Contacts:

Eric S. Williams
Executive Vice President & Chief Lending Officer
Phone: (717) 920-3568

Randall L. Klinger
Senior Vice President
Senior Credit Officer
Phone: (717) 692-7116

Robert E. McDonald
Vice President and Commercial Team Leader
Phone: (717) 920-3577

Donald E. Bonafede
Vice President and Director of Leasing Services
Phone: (717) 920-3574

Leonard K. Beasom, Jr.
Vice President and Business Banking Advisor
Phone: (717) 920-3630

Matt D. Harshbarger
Business Banking Advisor
Phone: (717) 920-8344

Eric S. Mummau
Vice President and Business Banking Advisor
Phone: (717) 920-3569

Robert E. Roth
Asst. Vice President and Business Banking Advisor
Phone: (717) 920-3571

Rick E. Witwer
Vice President and Business Banking Advisor
Phone: (717) 920-3570

Scott A. Woods
Business Banking Advisor
Phone: (717) 692-7120

Letters Of Credit

In the course of business, a customer may be required to give an assurance to a supplier or other party for a particular transaction.  The Bank may assist by issuing a Letter of Credit, which on behalf of the customer authorizes the entity receiving the letter to draw on our bank, a specified sum within a certain period of time under a prescribed procedure.

E-mail Bank A Request for More Information

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No one will appreciate the advantages of On-Line Banking more than you, our commercial customers.  There is no end-user software to download or purchase.  You can access Mid Penn Bank's Cash/Business Management system using a current Web browser.

Mid Penn Bank's On-Line Banking service offers the ultimate in a Cash/Business Management product with convenience specifically designed for our commercial account holders.  Following is a list of features of the Cash/Business Management product.  You can also choose an On-Line Demo of Cash/Business Management.

User Profiles

Multiple Account Control:  Business customers can control multiple accounts securely by establishing varying levels of access by users.  Authorized users can also access account details, such as float balances and hold amounts, to assist with timely decisions about money management.

Single Machine Access:  Cash/Business Management transactions (Bill Pay) are limited to one specific PC location and can be tracked by a supervisor to provide verification restrictions above and beyond the standard password protocols.

Maximum Daily Dollar Limits:  Limits can be set on transactions per user.

Balance Reporting

View Summary & Details:  View ledger balances, float balances, hold amounts, etc.

View History:  View previous account activity and statements.

View Postings:  View all posted transactions by type, such as bill payment, wire transfer, etc.

Export Data:  Export information from the On-Line Banking System to your accounting software.

Payments And Collections

Wire Transfers:  Business accounts can originate secure wire transfer requests via the Internet, establishing varying levels of security by user.  (E.g. one person to originate the wire and a second person to approve it.)

EFTPS Tax Payments:  Business accounts can pay their federal taxes electronically via the Internet.

Payroll/Direct Deposit:  Businesses may deposit payroll to their employees' accounts anywhere in the United States.  (The business' payroll account must be established with Mid Penn Bank.)

ACH Origination:  Allows setup of debits and credits and automatically sends e-mail notification to the recipient.  Conducted using standard NACHA format for credits. 

Businesses may:

1. Send in required tax payments
2. Credit suppliers' accounts for payments due.
3. Transfer funds to and from other accounts throughout the United States.

Universal Bill Payment:  Business customers can conveniently pay bills on-line and take advantage of time and cost savings usually afforded only to retail customers.

Stop Payment:  Quickly submit stop payment requests to the bank.

Report Writing

Activity Reports:  Complete reporting features for monitoring and auditing purposes.

FastPay In-Clearings:  FastPay allows Mid Penn Bank On-Line customers to pay Mid Penn Bank business customers by transferring money from the customers' accounts directly into a FastPay business customer's account daily.  Business customers can view records of daily FastPays made to their accounts.

Electronic Data Interchange (EDI):  Provides addenda records on ACH, Payroll, and FastPay transactions. 

Fast Pay

If you are a Mid Penn Bank business customer, you can receive FastPays from Mid Penn Bank's On-Line customers.  On-Line customers like the convenience of paying bills right on-line, with no stamps, no remittances to lose, no trips to the post office or a mail drop box and best of all, no envelopes to lick!  You benefit from FastPay because these On-Line payments are deposited directly into your account here at Mid Penn Bank.

How does FastPay work?  If you choose, your business' name can be added to our "Payee List" from which our On-Line customer can choose when building their "Payee List" for bill payment.  After 3:00 p.m. you can go into the Fast Pay Inclearings" and see who and how much will be credited to your account that day for the FastPay Inclearings.

Cash/Business Management Services Available On-Line

• Verify Account Balances
• Review Account History
• Transfer Funds
• Pay Bills
• Payroll
• Collections
• Send EFT Tax Payments
• Ach Payments
• Ach Receipts
• Perform Wire Transfer Requests
• View Fast Pay Inclearings
• Send A File
• Change Your Address
• Direct Deposit
• Stop Payment Requests
• Purchase Savings Bonds
• Q-Cards-Send Email Alerts On Customer Defined Conditions

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