We see the potential in every business, large or small, and we take pride in helping them succeed. Let us help you with quick and affordable business loans, business checking, lines of credit and any other immediate or long-term needs you may have.

We think you'll find we're a comfortable fit with your business.

Please contact Tony Roncaioli our Commercial Business Development Officer with any questions you may have or to set-up an appointment.  He'll be happy to help you.

Commercial Loan Choices
Business Checking Choices
Other Business Services

COMMERCIAL LOAN CHOICES

We Are An Approved SBA Lender!

Commercial Mortgages & Commercial Loans

• Short-term Fixed rate and Variable rate options available.

• Flexible terms to meet the needs of your business.

Commercial Lines Of Credit

• Working Capital Lines of Credit.

• Monthly interest only payments.

• No pre-payment penalty.

• Quick response to requests for advances.

• Automatic payments from Business Checking account.

Commercial Letters Of Credit Are Also Available.

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BUSINESS CHECKING CHOICES

Every Business needs a checking account but in most cases the account that is just right for the sole proprietor is not best suited for the needs of a corporation or non profit organization.  This is why Windsor Federal Savings is offering a variety of business checking accounts with different features and pricing options.  Our staff will help you select the account that best meets the needs of your business or organization.

Commercial “Earnings Credit” Checking 

Our Commercial “Earnings Credit” Checking Account is appropriate for businesses or organizations that have a high transaction volume or that maintain larger account balances where the “earnings credit” will reduce or eliminate monthly service charges.  In addition, Cash Management Services such as ACH Origination, Wire Origination, Remote Deposit Capture, Lock Box and interest bearing/collateralized “Sweep” accounts are only offered in conjunction with the Commercial “Earnings Credit” Checking account.   

• Service Charge – Fixed monthly service charge of $9.95 plus $.14 per check deposited, $.14 per check paid and $.08 per ACH debit and credit.  However, this account receives an “earnings credit” which is used at the end of the monthly account cycle to offset all or part of the service charges described above as well as any charges associated with Cash Management Services such as ACH Origination, Wire Origination, Remote Deposit Capture, Lock Box and interest bearing/collateralized “Repo/Sweep” accounts.
   

• Earnings Credit - The “earnings credit” rate is changed during the first 3 business days of each month to reflect a 4 week moving average of the 3 month treasury bill for the most recent 4 week period minus 1% with a floor of 2% and a cap of 5%.  The earnings credit is calculated using the daily balance method, which applies the rate to the available (collected) funds in the account each day.  At the end of the monthly account cycle, the total service charges are subtracted from the accrued earnings credit.  If the total service charges are greater than the accrued credit, the difference is debited from the account.  If the total service charges are less than the accrued credit, the service charges have been completely offset by the earnings credit and no charge will be applied to the account.  Upon completion of this process, service charge and earnings credit calculators are reset to zero as a new monthly cycle commences.

 “Totally Free” Business Checking 

Our “Totally Free” Business Checking Account is truly “Totally Free” with unlimited free transactions.  No one provides a better business banking value than our “Totally Free” Business Checking Account combined with our business online banking system, electronic statements and commitment to personal customer service.

• “Totally Free” Business Checking includes unlimited free transactions!!!  No minimum daily balance, no monthly service charges, free MasterMoney™ Debit/ATM Card(s) and free online banking and bill payment.  Free transactions include cash and checks deposited, checks paid, ACH debits and ACH credits as well as deposits, withdrawals, transfers and payments processed at a branch office, at an ATM or transactions performed through online or telephone banking. Monthly account statements are provided electronically.^1,2,3  

Business Advantage Checking 

Business Advantage Checking offers three very attractive programs priced according to the number of checks deposited, checks paid, ACH debits and ACH credits processed each month as well as the account balances that are maintained.  All other transactions, such as deposits, withdrawals, transfers and payments performed at a branch office, at an ATM or transactions performed through online or telephone banking are always free.^1,2   Business Advantage Checking includes free MasterMoney™ Debit/ATM Card(s) and free online banking and bill payment.  Choose the option that is most appropriate for your business.

• Option #1  Fixed monthly charge of $14.95 that includes 300 transactions (checks deposited, checks paid, ACH debits / ACH credits).  Transactions in excess of 300 will be charged $.25 each.  All other types of transactions are unlimited and free.^1,2  The fixed monthly charge is waived if a minimum daily collected balance of $7,500 or more is maintained throughout the monthly cycle.
  
  

• Option #2  Fixed monthly charge of $10.95 that includes 200 transactions (checks deposited, checks paid, ACH debits / ACH credits).  Transactions in excess of 200 will be charged $.25 each.  All other types of transactions are unlimited and free.^1,2  The fixed monthly charge is waived if a minimum daily collected balance of $5,000 or more is maintained throughout the monthly cycle.   
  
  

• Option #3  Fixed monthly charge of $5.95 that includes 100 transactions (checks deposited, checks paid, ACH debits / ACH credits). Transactions in excess of 100 will be charged $.25 each.  All other types of transactions are unlimited and free.^1,2  The fixed monthly charge is waived if a minimum daily collected balance of $2,500 or more is maintained throughout the monthly cycle. 

Business Interest Checking 

Only sole proprietorships, non-profit organizations and government units are eligible to earn interest on checking balances because of federal banking laws.  This interest bearing account is designed especially for those entities eligible to earn interest on checking. 

• Interest is earned from day after deposit to day of withdrawal whenever the daily collected balance is $2,500 or more.
   

• Service Charge – Fixed monthly charge of $12.95 that includes 200 transactions (checks deposited, checks paid, ACH debits / ACH credits).  Transactions in excess of 200 will be charged $.10 each.  All other types of transactions are unlimited and free.^1,2  The fixed monthly charge is waived if a minimum daily collected balance of $5,000 or more is maintained throughout the monthly cycle.

Non-Profit Checking 

Non-profit organizations make important contributions to the quality of life in our communities, often working to fill needs that are not fully satisfied by private enterprise and governmental services.  Windsor Federal Savings as a mutually organized financial institution is committed to supporting the non-profit organizations in our communities and their spirit of volunteerism. 

This account is designed especially for non-profit organizations and is not subject to the fixed monthly service charge when a $200 daily collected balance is maintained and earns interest whenever the daily collected balance is $500 or more.

• Service Charge – Fixed monthly charge of $6.95 that includes 150 transactions (checks deposited, checks paid, ACH debits / ACH credits). Transactions in excess of 150 will be charged $.10 each.  All other types of transactions are unlimited and free.^1,2  The fixed monthly charge is waived when if a minimum daily collected balance of $200 or more is maintained throughout the monthly cycle.
   

• Interest is earned from day after deposit to day of withdrawal whenever the daily collected balance is $500 or more.
  
  

• Initial Order of Checks – A credit of up to $25 is provided toward the purchase of your first order of checks. 

Lawyers Escrow Account 

Interest on Lawyers Trust Account (IOLTA) is an account established by an attorney for funds belonging to clients.  The funds are co-mingled, meaning that the attorney may deposit funds from multiple clients into the account.  It is the attorney’s responsibility to keep records of whose funds have been co-mingled.  The interest from the account will automatically be sent to the Connecticut Bar Foundation resulting in less recordkeeping and more convenience for the lawyer or legal firm.  There are no monthly service charges applicable to this account. 

Real Estate Trust Account 

Interest on Real Estate Trust Account (IORETA) is an account established by a real estate agency with funds belonging to clients.  The funds are co-mingled, meaning that the agency may deposit funds from multiple clients into the account.  It is the agency’s responsibility to keep records of whose funds have been co-mingled.  The interest from the account will automatically be sent to the Connecticut Housing Finance Authority (CHFA) resulting in less recordkeeping and more convenience to the real estate agency.  The CHFA uses the interest to provide down payment assistance to qualified individuals.  There are no monthly service charges applicable to this account. 

WE HAVE IT ALL FOR OUR BUSINESS CLIENTS! 

Windsor Federal Savings provides a wide range of banking services designed to provide the maximum convenience to our business clients such as:

• Free Online Banking – Transform your computer into a full-service banking facility with our Business Internet Banking System – a sophisticated and flexible funds management system that lets you handle transactions from any desktop.  Security and privacy is always assured.  Use “WinOnLine” to obtain account balances or review account transaction activity on your business checking, savings, certificate of deposit or loan accounts.  Access front and back images of paid checks and even elect to access your monthly statement electronically.  In addition, this System enables you to transfer funds between checking, statement savings and money market accounts or transfer funds to make a Windsor Federal Savings loan payment.
   

• Electronic Statements – Choose to access your monthly statements electronically instead of receiving a paper statement and you will have 24/7 online access to a minimum of 30 months of account statements accompanied by front and back images of all paid checks.
  
  

• Monthly Statements – Business account statements are generated at the end of each month and are pre-punched for easy organized storage in a three ring binder.  Check images will be enclosed with your monthly statement and provided to you in numerical order, which will eliminate the need to sort checks before balancing your checkbook.  In addition, the date the check was paid, the check number and the amount paid will be printed below each check image.  We are also able to combine all of your account statements (checking, savings, money market and CD) and send you a single monthly statement.  
  
  

• Overdraft Protection – Overdraft protection is available to automatically transfer funds from your statement savings or money market account to your checking account in order to pay checks that are presented for payment without sufficient funds.  The total amount necessary to cover all items for the day is transferred to your checking account and a $5.00 overdraft protection service charge is applied to your statement savings or money market account.
  
  

• MasterMoney™ Debit/ATM Card – Our MasterMoney™ Debit/ATM Card provides you with 24 hour, instant access to the funds in your account at any ATM or retail establishment displaying the MasterCard™, NYCE® or Cirrus® logo including unlimited free NYCE® point of sale transactions.  In addition, because the Bank is a member of the SUM Program, you will also be entitled to surcharge fee ATM use at hundreds of locations throughout the Northeast displaying the SUM logo. 
  
  

• The MasterMoney™ Debit/ATM Card also enables you to access your account to make purchases at any location where MasterCard® is accepted.  The business or organization can authorize the Bank to provide cards to any authorized signer on the account as well as to other employees of the business or members of the organization and can specify the purchase limit and/or daily ATM withdrawal limit for each card.

• All accounts receive unlimited free withdrawals at ATMs owned by Windsor Federal Savings.

• Free unlimited NYCE® point of sale transactions for Commercial “Earnings Credit”, Business Advantage, Business Interest, Non-Profit and “Totally Free” Business Checking Accounts.

• Free ATM withdrawals (4) per statement cycle at ATMs owned by others for Commercial “Earnings Credit”, Business Advantage, Business Interest, Non-Profit and “Totally Free” Business Checking Accounts.²

• Free 24-Hour Telephone Banking -  Use our toll-free Telephone Banking System to access information on all of your business checking, savings, certificate of deposit and loan accounts.  In addition, this system enables you to transfer funds between checking, statement savings and money market accounts or transfer funds to make a loan payment.
  
  

• Interest Bearing “Sweep” Accounts –  If you regularly have substantial non-interest earning balances in a business checking account, you can benefit from our “Repo/Sweep” automatic cash management service.  With our “Repo/Sweep” service, if your Commercial “Earnings Credit” Checking Account reaches an established target collected balance, the excess funds are automatically swept on a daily basis out of your checking account and into an interest bearing and collateralized “Sweep” account.  The “Sweep” account is not FDIC insured but rather, the balances in these accounts are 100% collateralized by Windsor Federal Savings’ assignment of securities that are the direct obligation of, or the principal and interest of which are fully guaranteed by the United States, one of its agencies or one of its government-sponsored enterprises.  Funds are automatically swept back into the business checking account when needed to maintain the target balance and pay items being presented for payment.  Your target balance, or non-interest balance, in the checking account is set at an amount which approximates the balance necessary to offset monthly activity charges on the checking account.  Although it does not earn interest, the target balance uses an earning credit to avoid service charges.  Your target balance is computed based on estimated account activity and may change from time to time due to a change in account activity or a change in the earnings credit rate.
  
  

• Zero Balance Accounts (ZBA) –  Zero Balance Accounts help you to concentrate account balances thus enabling you to optimize the investment of your funds while at the same time, managing multiple accounts with ease and efficiency.  Through a Commercial “Earnings Credit” Checking Account (master or control account), we can help you manage subsidiary accounts and concentrate deposits and fund disbursements without monitoring multiple accounts and performing multiple banking transactions.  Each individual checking account (such as payroll or operating expense accounts) keeps a zero balance.  All deposits made into them are transferred automatically to a single master account and all items presented for payment are paid with a free automatic transfer from the master account. 

1. Accounts of businesses or organizations with substantial incoming or outgoing coin or currency as determined by the Bank will be established or may be reclassified in the future as Commercial “Earnings Credit” Checking Accounts. 

2. Fees associated with transactions performed at ATMs owned by others may apply.

3. Items presented against unavailable funds will incur an uncollected funds service charge.  
   
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