Doctors Bank

The Benefits of Cash Management

Founded by doctors for doctors, The Doctors Bank, a Division of Beach Business Bank, understands the unique financial requirements of physicians and dentists, and is dedicated to delivering specialized banking solutions and world-class customer support.

The bank’s new and exclusive Greenbook Business Elite Banking Package ties together a broad range of services, bringing with it some substantial advantages. And, by utilizing this advanced cash management program, doctors can turn their stagnant practice income into a growing pool of assets.

Greenbook Business Elite Banking

  • Greenbook Business Elite Checking Account

    Establish a checking account with unlimited deposits and check-writing capabilities1, as well as an Image Deposit2 service that utilizes scanning technology and software to deposit checks directly and automatically into your account. That means your staff will never have to make another trip to the bank. And, if you’re concerned about cash deposits, the bank can schedule armored carrier pick-ups on a regular basis (availability subject to location).

  • Greenbook Business Elite Money Market Account

    Set up a money market account3 that earns interest with an Annual Percentage Yield, or APY, equal to the Fed Funds Target Rate as determined by the Federal Reserve Bank [the APY is 3.50% APY effective as of 1/24/08]. Imagine earning that level of interest on your practice income for a year…now, take that out over the course of your career. There’s a substantial amount of money at stake, and with proper cash management, you can use your practice income to grow your retirement savings.

  • Greenbook Personal Elite Checking Account

    Establish a personal checking account that earns interest at the Fed Funds Target Rate APY, and you’ll get unlimited deposits and check-writing capabilities on that account as well. You’ll also receive a set of personal checks free of charge, and get credit toward the initial order of checks for your business account. And, you’ll get free ATM/Debit Cards for both accounts, as well as reimbursements for charges assessed by ATM operators when cash is withdrawn through an ATM almost anywhere in the world.

  • Revolving Line of Credit (Optional)*

    Utilize a $50,000 revolving line of credit4 at the Prime Rate as quoted in The Wall Street Journal. The rate is set on the first business day of each calendar quarter and is subject to change on a quarterly basis.

  • Online Services

    Enjoy free online access to account balances, transactions, statements, check images, stop payments, transfers between accounts and electronic bill pay.

Important Information

1. $1,000 minimum deposit is required to open the account. A required minimum balance in the account must be maintained through deposits or advances against the attached Line of Credit to avoid service charges. Required balances depend on the services provided as defined in the service agreement.

2. The Doctors Bank provides the scanner, software, and support.

3. Payments to 3rd parties are limited to no more than 6 per month of which no more than 3 can be by check. Transfers from Business Checking Account can be made up to 6 times per month without charge.

4. Subject to a limited credit review, the line will be tied to the checking account for ease of access and to maintain the minimum balance. Higher lines are available. No separate Loan or documentation fees will apply to the first $50,000 for qualified clients.

All interest-bearing account interest rates are variable and may change after the account is open.

All services provided under this program are subject to the Terms and Conditions and Important Information on Your Account disclosures as well as service-specific agreements that are provided by the Bank at the time the accounts are established and as they may be modified from time to time.

* NOTE: If the checking account balance falls below $50,000 in a given month, a $100 fee will be assessed. In order to help maintain a $50,000 minimum balance, the doctor may want to apply for the optional $50,000 revolving line of credit (LOC). Between the checking account and the LOC, a $50,000 minimum balance can be more easily maintained.