Running a business requires more than just a good idea and hard work—it takes the right financial partner to help you manage day-to-day operations, fund growth and plan for the future. Chemung Canal Trust Company understands the diverse needs of businesses and offers a comprehensive suite of banking services to support companies of all sizes. From flexible checking accounts and modern digital tools to commercial loans and cash management solutions, we provide the resources your business needs to thrive.
Below, we explore the essential business banking services and how they can support your operations, efficiency and long-term success.
Business Checking Accounts: A Strong Financial Foundation
Every successful business starts with a dependable checking account. That’s why we offer several types of business checking accounts to fit your company’s specific financial needs.
- Business Checking – A simple, cost-effective solution ideal for smaller businesses with a moderate number of transactions.
- Premier Business Checking – Designed for businesses with higher volumes of activity, this account offers more flexibility and added features.
- Analyzed Business Checking – Perfect for businesses with complex cash management needs. Earnings credits can help offset service charges.
- Zero Balance Checking – Helps companies that manage multiple accounts centralize funds, making cash flow easier to manage.
- NOW Account – Tailored to nonprofits and municipalities, this account earns interest while maintaining full access to funds.
Each account type comes with features and benefits designed to streamline your operations and support your goals. Whether you’re just starting out or scaling rapidly, we’ll help you choose the option that works best for you.
Digital Banking: Manage Your Money Anywhere
Today’s businesses operate around the clock—and your banking should too. Our Business Banker platform provides secure, real-time access to your accounts, giving you the control you need whenever and wherever you need it.
With Business Banker you can:
- View account balances and recent transactions
- Transfer funds between accounts or to other institutions
- Initiate ACH and wire transfers
- Set up alerts and monitor account activity in real-time
For even more flexibility, the GoBanking Business Mobile App puts powerful banking tools in the palm of your hand. You can deposit checks remotely, approve payments, transfer funds and manage day-to-day cash flow from your smartphone or tablet.
Business Lending: Fuel for Growth
Access to capital can be essential for growing your business, purchasing equipment or managing cash flow during seasonal shifts. At Chemung Canal, we offer a variety of business lending solutions to meet your specific needs. Our term loans are ideal for long-term investments such as vehicles, machinery or technology, offering fixed rates and flexible terms of up to seven years. For more immediate or ongoing needs, our lines of credit provide on-demand access to funds for inventory, payroll or unexpected expenses.
We also offer overdraft lines of credit to automatically cover shortfalls in your checking account, helping you avoid disruptions. If you’re planning to acquire or expand commercial property, our commercial mortgages come with competitive rates and long-term financing options. Additionally, our commercial equity lines of credit allow you to tap into the value of your property for flexible, ongoing funding. For businesses that qualify, we work with the U.S. Small Business Administration (SBA) to offer SBA-backed loans with favorable terms that can be used for working capital, equipment purchases, or real estate investments. When you partner with us, you’re not just getting a loan—you’re gaining a trusted financial adviser committed to helping your business succeed.
Bill Payment Services: Save Time and Stay Organized
Paying vendors and managing recurring expenses doesn’t have to be a hassle. Our Bill Payment service allows you to schedule payments directly from your computer, with the ability to:
- Set up recurring or one-time payments
- Attach invoice or account information to each transaction
- Ensure most payments are delivered electronically within two business days
It’s a faster, safer, and more efficient way to stay on top of your obligations—and reduce the time you spend writing and mailing checks.
Treasury and Payment Solutions: Simplify Complex Transactions
Managing high volumes of payments and receipts can get complicated. Our treasury and payment solutions are designed to make it easier.
We offer secure wire transfer services for both domestic and international transactions. Same-day delivery is available for domestic wires, and we support payments in both U.S. and foreign currencies. For businesses managing payroll, customer billing or vendor payments, our ACH origination services offer a reliable, automated solution.
These services give you the ability to manage cash flow efficiently, reduce risk, and gain more visibility and control over your company’s finances.
Let’s Build Your Business Together
At Chemung Canal Trust Company, we believe in your business and we’re here to support it. Whether you need a reliable checking account, access to capital, digital banking tools or strategic financial advice, we have the resources and expertise to help. Explore our full range of business services on our website or call us at (607) 737-3711 to speak with a business banking expert today.
