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Additional Business Banking Products and Services

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Welcome to Webster Five Cents Savings Bank > Business Banking > Additional Business Banking Products and Services

Business Banking

Additional Business Banking Products and Services

  • Webster Five Credit Cards
    Our business credit card products offer competitive pricing combined with a full range of reward options - making it easy to select and apply for the card that meets your needs.

    Learn more or apply now.
    Click here to login to your account.

  • Merchant Services
    Through this service, Visa and MasterCard transactions are processed and credited to your Webster Five business checking account. Webster Five is proud to partner with PowerPay to provide merchant services to our business customers. Click here to learn more.

    Safe Deposit Boxes
    Security compartments within the bank’s vault are available for business customers for the storage of valuables. The customer controls access with a key.
  • Deposit Insurance
    As a depositor in this bank, all your deposits and accrued interest are insured in full, without limit or exception.

    All deposits above the FDIC limit are insured in full by the Depositors Insurance Fund.

    The first $250,000 per depositor is insured by the Federal Deposit Insurance Corporation (FDIC); all deposits above this amount are insured by the Depositors Insurance Fund (DIF).

    Webster Five Cents Savings Bank participates in the FDIC’s final rule amending its deposit insurance regulations as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The revisions replace the Transaction Account Guarantee (TAG) and will provide unlimited insurance coverage on non-interest bearing transaction accounts through December 31, 2012.

    The FDIC was established by the U. S. Congress in 1922 with a mission to insure bank deposits. Originally set at $2,500, the FDIC’s per-depositor limit has increased over time to its current coverage of $250,000.

    The DIF is a private, industry-sponsored excess deposit insurance company. Created by a special act of the Massachusetts legislature in 1932, the DIF began operations as a primary insurer in 1934. Today, the DIF insures all deposits in its member banks in excess of the FDIC’s $250,000 per depositor limit.

    DIF insurance is available only on deposits in Massachusetts-chartered savings banks. By combining FDIC primary insurance and DIF excess deposit insurance, banks which are members of both organizations, provide their depositors with full insurance.

    For more information regarding FDIC or DIF insurance, please visit http://www.fdic.gov/ or http://www.difxs.com/

    Also Offered:

    • Certified checks
    • Cashier's checks
    • Money orders
    • Night deposit services
    • Coin counting

    For the price of any service and/or transaction listed, please contact your account officer.

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