Commercial Banking

Commercial Banking

At Seaside, our seasoned professionals work with you to find the right commercial banking solution to fit your unique business needs. We offer a full range of financial services and products to help your company stay viable and competitive in today’s fast-paced business world. Our core commercial options include deposit, credit, treasury management, risk management, retirement planning and merchant services.

Commercial Banking Services

Corporate Select Checking

This is Seaside's most comprehensive business checking account that provides access to an array of customized Commercial and Treasury Management Services.

Checking Accounts

Seaside has a checking account to fit any size business. Our checking accounts range from business with limited transactions to corporate accounts on analysis due to a high volume of transactions.

Money Market Select Deposit Account

We offer an account that will put balances to work to earn a competitive rate of interest.

Sweep Accounts

Our sweep services move funds automatically at the end of each business day to suit your business needs. Several options are available:
  • Investment Sweep: Funds are swept automatically to an interest bearing overnight investment maximizing your interest income while maintaining easy access to funds needed to cover account activity. Investment options include fully collateralized repurchase agreements as well as the Insured Cash Sweep® service.
  • Credit Sweep: Funds are swept automatically to and/or from your line of credit to pay down or draw from the line based on a target balance established for your transaction account.
  • Zero Balance Account (ZBA) Sweep: Funds in one or more sub accounts are swept into or out of a master account leaving the sub accounts with a zero balance. A ZBA account structure eliminates excess balances and automatically funds accounts in order to cover incoming transactions. Consolidating balances from multiple accounts into a single master account enables greater control over payments, investments and funding requirements for your business.

CDs

Seaside offers various interest payments options and competitive rates on Certificates of Deposits (CDs) with a minimum opening balance of $2,500. Premium rates may apply for CDs $100,000 and over.

CDARS

Through the Certificate of Deposit Account Registry Service (CDARS), Seaside offers you a safe, convenient way to put your cash to work through a single contact, receiving one combined statement and the benefit of FDIC insurance protection of every dollar up to $50,000,000, plus your financial information is protected.

Merchant Services

Expand your customer's payment options, simplify your business operations, and increase revenue with Merchant Services. Seaside offers a comprehensive credit card and electronic check processing service, which includes:
  • Easy to read monthly processing statements
  • Credit card processing
  • Debit and check card processing
  • Gift cards and loyalty card packages
  • Check acceptance programs
  • Rapid availability of funds

Commercial Loans

We offer a variety of fixed and variable rate financing options, including unsecured and secured lines, term loans, vehicle and equipment loans to fit your business needs. We offer a number of commercial loans for purposes such as:
  • Asset acquisition
  • Mergers and acquisitions
  • Short-term and long-term working capital
  • Equity investment opportunities

Commercial Real Estate

Our mortgage loans are perfect for financing improvements to your facility, refinancing business property or buying new office space. We offer a number of real estate loans for purposes such as:
  • Owner Occupied
  • Investment Properties
  • Construction
  • Property or Leasehold Improvement
  • Land Development
  • Raw Land Acquisition

Capital Market Products

Seaside has the experience to structure financial solutions that will optimize your company's value through the following products and services:
  • Interest Rate Swaps: We can help you manage your interest rate risk through a swap, which can be applied to a wide range of hedging needs. Our swaps are easily tailored to match your company's interest rate risk tolerance and management objectives.
  • Underwriting and Syndications: Seaside can structure, distribute and service your loan among multiple lenders in order to maximize access to capital through a single point of contact.
  • Municipal Financing: Seaside can provide financing support to all levels of government entities. We offer Tax Anticipation Notes (TANs) or Bond Anticipation Notes (BANs) structured notes to longer term loans, thereby providing a range of funding assistance to support short term, timing needs to longer term capital and infrastructure for the communities in our markets.

Lines of Credit

With a line of credit, you are able to provide your business with access to cash for a variety of short-term needs. Whether you want to take advantage of trade discounts, purchase inventory, finance receivables or need seasonal funding, the choice is yours. Use your line of credit whenever and wherever you see fit.

Letters of Credit

Seaside is able to assist your business with Letters of Credit. Documentary Letters of Credit are issued by Seaside to facilitate trade payments and Standby Letters of Credit are issued by Seaside to support contingent monetary obligations, performance and bid obligations, and for self-insurance requirements.

Commercial Debit Mastercard®

The Seaside Debit Mastercard® offers many advantages to our clients including:
  • A great way to separate business and personal spending
  • Detailed accounting of every transaction on your monthly account statement
  • MasterCard® worldwide acceptance
  • No annual fee

Commercial Credit Cards

Seaside offers a variety of commercial cards. After understanding your needs we will discuss the benefits of being a cardholder.

Risk Management

Seaside National Bank & Trust owns and operates Seaside Insurance. Seaside Insurance is an independent insurance agency focused on providing our clients with insurance solutions tailored to fit their specific needs. We do not offer any proprietary investment products; instead we operate as an independent agency. Seaside Insurance will perform a prudent analysis of all aspects of your current personal insurance plans to assure you have adequate coverage, proper ownership and beneficiary structure and reasonable pricing. Whether you are considering new coverage, additional coverage or simply want a review of your existing policies, Seaside Insurance can provide you with the guidance you need to make an informed decision. Seaside Insurance offers a wide variety of insurance offerings including:
  • Life Insurance
  • Key Man Insurance
  • Term life
  • Universal life
  • Fixed annuities
  • Disability
  • Long-term care
  • Split dollar plans
  • Interest rate swaps


Insurance: Not a deposit or other obligation of, or guaranteed by, Seaside National Bank & Trust or any affiliate of Seaside National Bank & Trust. Not insured by FDIC or any other agency of the U.S. Government. Subject to risk and may go down in value.

Receivables Management

Lockbox: Automate the processing of your incoming receivables with Seaside's Lockbox Processing Service. Mailed payments will be routed to a Seaside operations center, image processed, and deposited to your company checking account providing you with the fastest possible collection of your check payments. Automate the collection process even further by adding an electronic payment option (ACH) for your customers within the same receivables application. Coupons or other remittance documents will be imaged and archived, so a file can be prepared for uploading to your accounting package.

Payments Management

  • ACH Origination: ACH Origination is a service offered by Seaside that allows you to originate electronic transactions. that can be either debits or credits. Transactions can be either debits or credits. Examples of debit transactions include utility payments, account drafts, membership fees, dues, insurance premiums, etc. Credit transactions are usually for direct deposit of payroll, which is electronically crediting a deposit account for the net payroll amount.
  • Bill Payments: Through Seaside Business Internet Banking you have secure access to use online bill payment.
  • Business Online Payroll: Payroll can be processed online in as little as 2 minutes with both direct deposit and self check printing available for the employer. Best of all, this solution includes complete full-service payroll tax filing and compliance guarantees so all federal, state & local payroll taxes are automatically paid and filed on time. Employees can enjoy internet access to their payroll information (pay stub) including deductions, withholdings, and 401(k) plan allotments.
  • Purchasing Cards: The One Card is a purchasing card and corporate card combined solution for business clients looking to issue cards to their employees for the purposes of charging business expenses related to travel, entertainment, and other purchases related to business activities. This solution offers unified processing, simplified management and maximized savings compared to a traditional business credit/debit card. Flexible spending controls, payment system integration and policy compliance controls are all part of this robust solution for larger clients looking to simplify their spending and have greater control & visibility into their business and related employee’s expenses.
  • Stop Payments: Stop payments can be initiated online or in person at any of our convenient office locations.
  • Wire Transfers:Domestic or foreign wire transfers can be initiated online or in person at any of our convenient office locations.

Cash Management

Balance Transfers: You are able to quickly transfer balances between your accounts through Business Internet Banking.

Cash Services
  • Deposits and Change Ordering: Through our relationships with Brinks & Loomis, we can arrange to pick up your cash deposits for processing and deposit into your Seaside account. In addition, we can set-up online access to order the coin and currency you need to run your business.
  • Smart Safes: Once currency is fed into the reader, Smart Safe verifies the currency, checks for counterfeits, and automatically tracks the cash deposits for fast, easy balancing and reconcilement. Each day, deposit activity is transmitted from the smart safe to an armored courier who forwards the deposit information to Seaside for provisional credit to your account, providing you daily use of funds.
  • Investment Sweep: Funds are swept automatically to an interest bearing overnight investment maximizing your interest income while maintaining easy access to funds needed to cover account activity. Investment options include fully collateralized repurchase agreements as well as the Insured Cash Sweep® service.
  • Zero Balance Accounts (ZBA): Funds in one or more sub accounts are swept into or out of a master account leaving the sub accounts with a zero balance. A ZBA account structure eliminates excess balances and automatically funds accounts in order to cover incoming transactions. Consolidating balances from multiple accounts into a single master account enables greater control over payments, investments and funding requirements for your business.

Credit Management

Credit Sweep: Funds are swept automatically to and/or from your line of credit to pay down or draw from the line based on a target balance established for your transaction account.

Loan Reporting, Advances & Payments: View your loan balance, take an advance, or make a payment quickly and efficiently by utilizing Seaside's Business Internet Banking.

Information Management

Balance & Transaction Reporting: View balances and transactions through Seaside's Business Internet Banking.

Check Image Viewing: This service is accessed through Seaside's Business Internet Banking.

Electronic Data Interchange (EDI) Reporting: EDI is the electronic transfer of payment related information in a standardized, machine-readable or human-readable format. We deliver the information associated with a payment in either format listed above, which saves you time and improves your efficiency in allocating received payments to their corresponding invoices.

Alerts: Within Business Internet Banking, you are able to establish customized alerts to notify you that an event has occurred or that an action is required. Examples include low balance notifications, incoming/outgoing wire notifications, or reminders to upload your ACH payroll file.

Electronic Bank Statements: Electronic bank statements are available through Seaside's Business Internet Banking.

Escrow and Sub-Accounting: By utilizing our Escrow account or Sub-Accounting service, you. Our comprehensive services can be easily tailored to your requirements and enable you to receive:
  • Relief from opening/closing multiple bank accounts
  • Ability to track transactions and balances to each sub-account within a master bank account detailed on one report. Separate reports for each sub-account are available.
  • Ability to allocate interest to each sub-account within a master bank account detailed on one report. 1099 reporting available for each sub-account.
  • Third party involvement in your reconciliation process.


QuickBooks Web Connect: You are able to download transactions in QuickBooks' format though Seaside's Business Internet Banking.

Fraud Management

Seaside National Bank and Trust delivers two versions of Positive Pay. You'll save time and money associated with manual fraud monitoring and prevention and gain peace of mind. When both solutions are used in tandem you'll have confidence your account is protected from fraudulent incoming ACH or Check activity.

ACH Positive Pay: Via Business Internet Banking, this solution allows you to return or pay one-time transactions while allowing previously specified transactions to post to your account as anticipated. Customizable alerts in Business Internet Banking notify you each time a one-time debit is presented for your review.

Check Positive Pay: Via Business Internet Banking, this solution seamlessly posts checks presented against your submitted check issue file. Customizable alerts in Business Internet Banking notify you each time a check is presented that doesn't match your issue file giving you the ability to pay or return the check.

Time Management

Courier Service: Utilizing a courier service can be a cost-effective and time saving alternative for clients who lack the time or available personnel to make the trips necessary to carry out the company’s banking transactions.

Remote Deposit Capture: Remote Deposit Capture provides a financially smart and streamlined alternative to traditional banking. Using an approved scanning device and an internet enabled computer, you are able to electronically capture, balance and submit check images for deposit without leaving your office. Your deposit is credited to your account the same day, under the same arrangements as if it had been physically delivered to a Seaside office location.

Business Retirement Plans

Seaside's dedicated Business Retirement Solutions team will help you navigate the complexities of the evolving retirement plan market. We will analyze your current plan to assure that it is meeting the needs of your company and your employees. We offer a wide variety of business plans including:
  • 401(k) Plans
  • 403(b) Plans
  • SIMPLE Plans
  • SEP Plan


Seaside works in concert with other dedicated professionals to provide plan sponsors with trust and investment services, record keeping, and plan administrative services. In doing so, we have the ability to customize retirement solution to meet the needs for your business both today and in the future. Seaside does not offer any proprietary investment products and embraces an open architecture, which allows us to provide conflict free advice and support to Plan Sponsors. This is critical as the Plan Sponsor have a fiduciary responsibility to act in their employee's best interest.