Professional checking at Flushing Bank is just one of the many services we provide to our professional banking customers. Our checking for physicians, attorneys and other professionals is designed around your individual needs. Whether you make only a few transactions a week or multiple deposits and withdrawals on a day-to-day basis, we'll put together a professional banking package that works for you.
Professional Checking Options for Doctors, Attorneys and Other Professionals
Flushing Bank's Basic Professional Checking is a professional checking account designed for professional practices that:
- Have limited transaction activity.
- Maintain a moderate balance.
- Prefer the budgeting ease that comes with this account's low-cost fee structure.
If your practice carries larger balances and experiences heavier transaction activity our professional Commercial Checking account may be better suited to your needs. Among the benefits of this account are:
- Reduction or elimination of monthly maintenance and activity fees.
- Opportunity to receive an earnings credit on the account's investable daily balance.
Our Professional Checking Has its Advantages
All Flushing Bank professional checking accounts offer you the following benefits:
- Free telephone banking
- Free online banking
- Free first order of standard business checks
- Free online bill payment
- Free business Debit MasterCard®**
- Over 43,000 surcharge-free* ATMs nationwide
In addition to excellent checking advantages, Flushing offers you a number of opportunities to keep your money working for you with:
Professional Money Market
Put your excess cash to work, while maintaining accessibility and liquidity to your funds. Flushing Bank's professional money market account has a tiered interest rate structure, so you'll earn a higher rate for larger balances plus it provides limited check writing ability.
Professional Certificates of Deposit (CDs)
If you are looking to secure funds for credit or other related purposes, with terms ranging from three to sixty months, we offer an array of low minimum balance CDs. You'll benefit from a great rate, no monthly fees and the ability to choose a term that's right for you.
CDARS® - The Professional Banking Service That Expands Your Interest
Flushing understands how important it is to make sure your money creates income and remains FDIC insured. Our CDARS® (the Certificate of Deposit Account Registry Service®) is a professional banking service that provides the easiest, most convenient way to enjoy full FDIC insurance on deposit amounts larger than $250,000.
CDARS® is the business banking service that provides your professional practice with the following benefits:
- One Bank
With a minimum initial deposit of $10,000, Flushing Bank handles everything. Your large deposit is broken into smaller amounts and placed with other banks that are members of a special network.*** Then those member banks issue CDs in amounts under $250,000, so that as much as $50 million of your entire savings/investment is eligible for FDIC insurance.
- One Statement
You receive one statement listing all of your CDs, along with the issuing banks, maturity dates, interest earned, and other details.
- One Rate
With CDARS®, you earn one rate on your entire investment.
Attorney Escrow Management Account
Our easy to use Attorney Escrow Management Account features a master account as the primary disbursement account that is linked to individual interest-bearing sub-accounts for each client. Both client and attorney benefit from this escrow management account: client’s funds earn interest, while this service fully automates record keeping and reporting for attorneys. Take advantage of:
- Reduced record keeping time
- Competitive rate of return on clients’ escrow funds
- Free transfers between master checking account and client sub accounts
- Combined Monthly Statement
- 1099 reporting on each client sub-account
Interest on Lawyer’s Account (IOLA)
This escrow fund management account is ideal for attorneys who need to hold nominal, short-term client funds. Flushing Bank's IOLA satisfies all the legal requirements for such accounts. Take advantage of:
- Reduces record keeping
- Takes care of all reporting and payments to the state IOLA Fund
- Provides a detailed statement outlining all account activity
Call us at 800.581.2889 to speak to a Business Banker to learn more about the benefits of banking with Flushing Bank.
*Flushing Bank clients will not incur a surcharge fee from Allpoint for using their ATM network. Please Note: Certain fees may be assessed by other financial institutions for use of their ATMs.
**MasterCard is a registered trademark of MasterCard Worldwide.
CDARS® and Certificate of Deposit Account Registry Service are registered trademarks of Promontory Interfinancial Network, LLC.
***Members of the network issuing CDs through CDARS® are FDIC insured "banks" and "savings associations" as those terms are defined in the Federal Deposit Insurance Act.