Bank at Work: Simplified Banking for Your Business & Employees
For your business, we offer our essential checking account, Blue Carbon® Business Checking, our Blue Carbon® Business Savings featuring a rate of 1.80% APY1, and all the necessary Cash Management tools to run your business smoothly and successfully.
For your employees, we offer our fundamental checking account, Blue Axis® Checking, with no ATM fees worldwide2 and the opportunity to earn up to $120 per year through our quarterly promotions, as well as our Blue Axis Edge® Savings, featuring blended interest rates of up to 5.00% APY3. They will also have access to Early Pay, enabling employees to receive their pay and any other direct deposits one day earlier.
For your business, we offer our essential checking account, Blue Carbon® Business Checking, our Blue Carbon® Business Savings featuring a rate of 1.80% APY1, and all the necessary Cash Management tools to run your business smoothly and successfully.
For your employees, we offer our fundamental checking account, Blue Axis® Checking, with no ATM fees worldwide2 and the opportunity to earn up to $120 per year through our quarterly promotions, as well as our Blue Axis Edge® Savings, featuring blended interest rates of up to 5.00% APY3. They will also have access to Early Pay, enabling employees to receive their pay and any other direct deposits one day earlier.
Products & Services Crafted for Your Business
BLUE CARBON® BUSINESS CHECKING
This is our reimagined business checking account where we include everything you need to shape your business and focus on your success.
No monthly maintenance fees
Minimum opening deposit of $1,000
Tiered interest rates4
Free Remote Deposit Capture service and single-feed scanner
Up to $100 credit towards Merchant Services equipment5
Two free outgoing wire transfers per month6
Free Fraud Monitoring with Positive Pay
Free ACH Origination Services with Same Day ACH available
Up to $50 credit towards First Order of Checks5
Early Pay & Blue Balance Access No Fee Overdraft Assistance Available
Avoid a $5 monthly statement fee by enrolling in eBanking and selecting eStatements
BLUE CARBON® BUSINESS SAVINGS
It’s empowering to have a bank that creates just what your business needs, like this savings account featuring no fees and no minimum balance requirement.
No monthly maintenance fees
Minimum opening deposit of $1
Interest earned on all balances4
Free Digital Banking with eBanking, eStatements and eMobile
Early Pay available
Avoid a $5 monthly statement fee by enrolling in eBanking and selecting eStatements
CASH MANAGEMENT SERVICES
With our Cash Management Services, you can gain an advantage in effectively managing your finances. Our advanced tools and services are designed to empower your business, enhancing its financial stability and operational efficiency.
Sweep Accounts, allowing you to earn more interest on your operating cash
Business Banking Solutions, assisting with payroll processing & credit card payments
Fraud Monitoring with Positive Pay
Remote Deposit Capture, providing the ability to scan checks right from your business
ACH Originations, Wire Transfers and more!
FINANCIAL FOUNDATIONS PROGRAM
Businesses can provide their employees with a personalized financial management solution through our exclusive program. We offer account placement support to guide employees in finding the right account and setting up services that suit their true needs. Our program offers the opportunity to host specialized seminars on key financial topics, such as planning for retirement savings, protecting against identity theft, and receiving tutorials on online banking. By empowering employees to take control of their finances, businesses can demonstrate their commitment to their employees' financial well-being.
Products & Services Built for Your Employees
BLUE AXIS®
CHECKING
When an account features unlimited ATM fee rebates worldwide2, no fees and no minimum balance, you know it’s designed with great care for your financial wellness.
Unlimited ATM cash withdrawal fee rebates worldwide2
No monthly maintenance fees
Minimum opening deposit of $1
Earn up to $120 annually with our quarterly promotions
Interest earned on all balances4
Blue Balance Access® No Fee Overdraft Assistance available
Early Pay available
Avoid a $2 monthly statement fee by enrolling in eBanking and selecting eStatements
BLUE AXIS EDGE® SAVINGS
We believe better interest rates make for a better savings account. This blended rate account offers access to highly competitive rates, while keeping your cash liquid. And, it’s perfect for achieving your short to medium-term savings goals.
Unlimited ATM cash withdrawal fee rebates worldwide2
No monthly maintenance fees
Minimum opening deposit of $5
Early Pay available
Avoid a $2 monthly statement fee by enrolling in eBanking and selecting eStatements
1 APY (Annual Percentage Yield) of 1.80% is based on an interest rate of 1.78%, with a minimum balance and opening deposit of $1. Rate is effective as of 3/03/23 and is subject to change after account opening. Fees may reduce the earnings on the account.
2 Unlimited ATM fee rebates apply to cash withdrawals using your Debit MasterCard® at all participating Accel and Cirrus ATMs worldwide. ATM fee rebates do not apply to any fees other than those assessed for using an ATM to withdraw cash from your Blue Foundry Bank account. Blue Foundry Bank makes its best effort to identify those ATM fees eligible for rebate, based on information it receives from MasterCard® and ATM operators.
3 APY (Annual Percentage Yield) of 5.00% is based on an interest rate of 4.88% for balances of $.01 to $4,999.99, with a minimum balance and opening deposit of $5. For balance of $5,000 to $249,999.99 the APY is 1.70% based on an interest rate of 1.69% and for balances of $250,000 and up the APY is 2.65% based on an interest rate of 2.62%. Rate is effective as of 3/30/24 and is subject to change after account opening. Fees may reduce the earnings on the account.
4 Rate is subject to change after account opening. Fees may reduce the earnings on the account.
5 If you purchase a Merchant Services device, Blue Foundry Bank will credit your account up to $100. You will receive a credit up to $50 for your first order of checks. Your checking account must remain open until the credit(s) are posted, which is within 180 days after account opening date.
6 Normal fees will apply if wire transfers exceed more than two in a monthly period.
Accounts opened online require eBanking enrollment.