1 People's United Merchant Services, LLC (PUMS) is a joint venture of People's United Bank, N.A. and Worldpay, US Inc. PUMS is an indirect subsidiary of People's United Bank, N.A. Worldpay and People's United Bank, N.A. are not affiliated companies. All merchants are subject to credit approval.
2 Credit approval required. Mastercard Business Cards with Rewards. If credit is approved for the Business Advantage Card or the BusinessCard, the company may elect to participate in the business card Rewards! Rewards are processed and managed through a third-party, Augeo. People's United Bank bears no responsibility or liability in managing this rewards program. Full Terms and Conditions of the program can be found at www.dreampoints.com/peoples.
3 Statement credit will be paid in equal installments over 6 months following account activation. Statement credit is tiered based upon annual card processing volume and determined based upon two recent payment processing statements. Requires new merchant customer to sign 3-year contract. Additional terms and conditions may apply.
4 Business Advantage Plus checking account with minimum $25,000 balance required. Free single scanner up to $350 in value.
5 Up to 300 transactions monthly in the Business Advantage Checking Account and up to 500 transactions monthly in the Business Advantage Plus Checking account. Transactions Include: Checks Paid, Deposit Tickets, Deposited Checks, ATM Transactions (Deposits, Withdrawals, Balance Transfers), POS Debits, ACH Debits (Electronic Withdrawals) & ACH Credits (Electronic Credits).
6 Cash Deposit limits vary by market. Refer to Business Deposit Account Contract and Business Schedule of Charges.
7 Business Advantage Checking: No monthly maintenance fee with a $1,000 average monthly collected balance. There is a monthly maintenance fee of $10.00 when the average collected balance is below $1,000. Business Advantage Plus Checking: No monthly maintenance fee with a $25,000 average monthly collected balance. There is a monthly maintenance fee of $35.00 when the average collected balance is below $25,000.
8 Up to 30 free bill payments per month.