Online Business Banking offers online services to businesses of any size. Our solution can be customized to meet the specific needs of your business, whether you work from an office in your home or have more than 100 employees.


All information is real time, which means the data you view is up-to–the-minute accurate.


Online Business Banking provides you with secure and reliable access to your account information and provides you the ability to initiate transactions via the internet. You have access to your Presidential accounts anywhere you have access to the internet using a standard web browser.


Features and services

  • My Accounts  provides a summary of your Presidential accounts at a glance. Selecting an account allows you to drill down into additional transaction details.
  • Transfers allows you to move funds between Presidential accounts. Transfers can be scheduled for the current day, a date in the future or on a recurring basis.
  • ACH/Wire Payments is an optional payments system enabling approved users the ability to move funds to other institutions. Sending ACH's for payroll, initiating a tax payment or wiring funds to pay a vendor are examples of this service. Additional fees apply.
  • Stop Payment allows you to place a stop payment on an individual check or a range of checks (fees may apply).
  • Manage Users allows administrators authority to add new users, quickly toggle user access on and off, reset passwords and delete users as needed. Administrator have access to all of the options to establish company users, access and limits.
  • Additional Services access your Historical Statements and Check & Deposit Images. Provides a direct request channel for photocopies of checks or statements, investigation of questionable transactions and online check orders.
  • Bill Pay is an optional service allowing businesses to quickly pay bills online. Additional fees apply.
  • Contact Us provides a secure email link between you and Presidential Bank.

Personal financial management software packages (can be used with Commercial Online Banking)

  • Quick Books (.qbo)
  • Quicken (.qfx)
  • Microsoft Money (OFX)
  • Excel (.csv) Comma Delimited

Browser security

Business Banking’s Enhanced Multi-Factor Authentication (EMFA) solution conforms to the latest FFIEC authentication guidelines. After successfully authenticating using access codes (something they know), a one-time password (OTP) is sent to the user’s phone (something they have). The user must then enter this OTP into the banking application to complete the login.

The user may receive this OTP via a voice call or text message. EMFA provides a secure, low-cost and easy-to-use second factor of authentication. EMFA reduces the risk of credential exposure due to phishing, keystroke loggers, Man-in-the-Middle, and brute force attacks.

TLS Protocol / Public key Cryptography protects by: To initiate a transaction, the company uses a browser to send a message via TLS (Transport Layer Security) to the bank’s web server, hosted by the bank’s chosen vendor. The bank’s web server responds by sending a certificate that contains the bank’s public key. The company’s browser authenticates the certificate, and then generates a session key, which is used to encrypt data traveling between the customer’s computer and the bank’s server. The session key is encrypted using the bank’s public key and is sent back to the web server.

Exchanging messages using the public/private key pair ensures the communication is happening with the bank’s web server and not a third party trying to intercept the transaction request.

Schedule of fees

Monthly Maintenance Fee
Includes Business Banking, Mobile Banking and Mobile Remote Deposit Capture
Balance Report No charge
Book / Internal Transfers No charge
BillPayer $12.50/month for up to 10 payments
$ 1.25 each additional payment
ACH Origination and Tax Payments $2.00 per item
ACH Return Item $15.00 per item
Insufficient Funds Charge $25.00 per item
Stop Payments Order, account holder check, ACH $20.00 each
Stop Payments Order, Bill Payment $32.00 each
Research Request $20.00 per hour
($10.00 minimum)
NACHA Operating Rules & Guidelines CD
(may be provided annually to customers with ACH origination services)
At Cost (pass through cost to customer
Wire Transfers, Domestic Destination $15 per item
Wire Transfers, International Destination (US$) $45.00 per item
Wire Transfers, International Destination(Foreign Currency) $35.00 per item

Cut-off times

Domestic Wire Transfers 3:00 pm EST, for same banking day processing
Foreign/International Wire Transfers 2:00 pm EST, for same banking day processing (Foreign/International wires may take 3 or more business days to reach the beneficiary)
Tax Payments 11:00 am EST, 1 business day prior to the effective date of entry
ACH Payments & Collections 4:00 pm EST, 2 business days prior to the effective date of entry

Online Banking Security

Click here to learn more about our online banking security features.

Last Modifications: 11/16/2017 10:57:18 AM