1. You may be charged fees by the provider of the wireless network you are using to access mobile banking and mobile deposit services.
A business money market account, or MMA, is very similar to a savings accounts, but often has a higher interest. It allows you to deposit a large sum of money into one account while earning interest, but you can still access that money should you need it. Business money market accounts often offer checks and debit cards linked to the accounts, as well.
Just like regular money market accounts, a money market account for a business is not much different from your other savings or checking accounts. It’s also just as easy to open one. Many banks, including Seacoast Bank, will allow you to open a business money market account online, and you can start saving in a matter of minutes. Business money market accounts offer higher interest rates, while still giving you access to your money, within the federally regulated limits.
A business money market account is great for businesses that have a large sum of money they want to deposit into a higher-earning account, without losing access to that money. All Seacoast Bank business money market accounts are FDIC insured, so they are less risky than mutual funds or investment accounts in the stock market.