Business Fees

Downloadable Business Schedule of Fees Guide

The latest business schedule of fees in a downloadable PDF.

Business Fees (PDF)

Monthly Maintenance

Flex Checking

$0

Capital Checking

Maintain a $25,000 minimum daily balance or $50,000 in related deposit or loan balances1 to avoid the monthly maintenance charge.

$10

Platinum Checking

This fee will can be offset by monthly earnings credit rate. See Commercial Analysis Schedule of Fees for additional charges.

$25

Not For Profit Checking

$0

Business Savings

This fee will be waived with $500 minimum daily balance.

$5

Commercial Money Market

This fee will be waived with $10,000 minimum daily balance.

$20

Not for Profit Savings

This fee will be waived with $500 minimum daily balance.

$5

Even when no monthly maintenance charge applies, other transaction and service fees may apply, including insufficient funds (NSF) fees. Terms and conditions applicable. See disclosure for more information.

1Eligible accounts for combined balance qualifier: New Valley Bank & Trust business deposit accounts (excludes IOLTA and tenant accounts) and loans.

Account Opening and Usage

Inactive Account

Applies after your account becomes inactive after 12 months.

$10 per account

Early Account Closure

Applies when your account is closed within 90 calendar days of opening.

$25 per account

Escheatment

$50 per escheated account

Foreign Check Collection

$15 per item

Foreign Check Processing

$10 per item

Levy Processing

$50 per levy

Money Order

$3 per check

Official Bank Check

$5 per check

Account Research

$25 per hour

Debit Card Replacement

$10.00 per card replacement (normally up to 7 to 10 business days delivery)
$75.00 for rush delivery (normally 2 business days through UPS; no weekend delivery)

$10 per card

Returned Deposited Item

$7 per presentment

Statement/Check Copy

$5 per copy

Returned Mail

$5.00 each time mail is returned undeliverable.

$5 per instance

Stop Payment

$30 per item

Temporary Checks

$3 per page

Wire Transfer Fees

See Commercial Analysis Schedule of Fees for reduced fees with Wire Module and Platinum Checking Account. 

$15.00 for each incoming domestic wire transfer
$25.00 for each outgoing domestic wire transfer
$20.00 for each incoming foreign wire transfer
$40.00 for each outgoing foreign wire transfer

$15 - $40

Even when no transaction fee applies, other fees may apply, including insufficient funds (NSF) fees. Other ATM owners and operators may charge you a fee to use their ATMs.

Standard Overdraft Practices

What are the standard overdraft practices that come with my account?

We do authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions (ACH, electronic transfers, telephone transfers, and in person withdrawals) made using your checking account number
  • Automatic bill payments

We will not authorize and pay overdrafts for the following types of transactions:

  • ATM withdrawals
  • Everyday debit card transactions

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.

If we do not authorize and pay an overdraft, your transaction will be declined.

Fees for Non-Sufficient Funds

Please refer to the New Valley Bank & Trust Business Deposit Account Agreement for full details.

Overdraft Protection Fee

$5.00 for each day there is a transfer from another account to cover one or more overdrafts in a checking account. This fee is charged to the account that the funds are transferred from. Not applicable for accounts with Sweep Services.

Insufficient Funds (NSF) Fee

When an item is returned because there are not enough funds available in the account to pay the item or when an item is paid although funds are not available in the account. Items represented for payment will be charged an NSF fee each time they are returned or paid as overdrafts.

$34.00 for each presentment of an item for payment that we return due to insufficient funds or for each presentment of an overdraft item we pay, unless one of the following exceptions apply:

  • The amount of the item is less than $10.00

Funds Availability

Please refer to the New Valley Bank & Trust Funds Availability Policy Disclosure for full details.

Same Business Day Availability

Funds from the following deposits are available on the same business day as we receive the transfer or deposit:

  • Cash
  • Electronic direct deposit
  • Wire transfers
  • Checks drawn on New Valley Bank & Trust

Next Business Day Availability

Funds from the following deposits are available on the next business day after receiving the transfer or deposit:

  • U.S. Treasury checks and U.S. Postal Service money orders
  • Federal Reserve Bank or Federal Home Loan Bank checks
  • State or Local Government checks
  • Cashier’s, Certified, or Teller’s checks
  • Other domestic checks

Business Days

Our business days are Monday through Friday, excluding federal holidays. If a deposit is made before closing on a business day that we are open, we will consider that day to be the day of deposit. For deposits made after closing or on a non-business day, at ATMS after 7:00 PM EST, and by mobile deposit or remote deposit capture after 4:00 PM EST, we will consider the deposit received on the next business day we are open.

Longer Holds

Funds availability for other check deposits may vary. Special rules apply to new accounts. Longer holds may apply in certain circumstances. See the New Valley Bank & Trust Funds Availability Disclosure for additional details.

Posting Order

Transactions may not be posted to your account in the order in which they occurred. The order in which transactions are received by New Valley Bank & Trust and processed can affect the total amount of insufficient funds fees incurred. We post Debit Items in a particular order within groups based on the type of Debit Item. Within each group, we apply a unique methodology based on the type of Debit Item. The following chart details the types of transactions in each group and the order used for the Debit Items within each group.

Fees can post to your account in several ways. Most fees post at the end of batch processing, but some post immediately after the transaction to which they relate (e.g., wire transfers, NSF fees, and overdraft transfers from a linked deposit account post immediately after the transaction to which the fee relates). Most fees post on the same day they are incurred.

Group 1: Posted First

Type of Debit Item

ATM and Debit Card transactions, including purchases
Branch Transactions performed over the counter at a New Valley Bank Branch, including withdrawals
Checks Cashed at a New Valley Bank Branch
Transfers Includes transfers between New Valley Bank deposit accounts and payments to New Valley Bank loans
Wire Transfers

How Order is Determined

Chronologically based on the date and time that our records indicate the transaction was initiated or authorized.

If two transactions have the same date and time, we will post the smaller dollar amount transaction first. If we do not have a date/time for transactions, we will post these transactions in ascending dollar amount (smallest to largest) after we post transactions with date/time information.

Group 2: Posted Second

Type of Debit Item

ACH Debits and other miscellaneous debits

How Order is Determined

Ascending by dollar amount (smallest to largest)

Group 3: Posted Last

Type of Debit Item

All Checks

How Order is Determined

Ascending by dollar amount (smallest to largest)