Business Accounts & Loans Assistance

Sole Proprietorship

• Valid Photo ID
• Business License
• Certificate of Fictitious Name (if the title of the business does not include the owner's full legal name)
• Valid Social Security Number or Tax Identification Number
• Valid Social Security Number for each Authorized Signer

General Partnership / Limited Partnership

• Valid Photo ID for Both Partners
• Business License
• Written Partnership Agreement - for Limited Partnership
• Certificate of Fictitious Name (if the title of the business does not match the legal name listed in business documentation provided)
• Valid Tax Identification Number

Limited Liability Company (LLC)

• Valid Photo IDs for All Owners
• Business License (if applicable)
• Articles of Organization
• Certificate of Fictitious Name (if applicable)
• Valid Tax Identification Number

Corporation

• Valid Photo IDs for All Owners
• Occupational/Business License
• Articles of Incorporation
• Valid Tax Identification Number
• Fictitious Name Registration (if conducting business under another name not listed in the Articles of Incorporation)

 

Here are some possibilities:

• Purchase equipment or inventory.
• Finance working capital.
• Staffing needs.
• Purchasing of real estate.
• Refinancing business debts.
• Funding business expansions.

There are three main classification found in Term Loans: short-term term loan, intermediate term loan, and long-term term loan.

• A Short-Term Loan is typically used to meet immediate funding needs that can be repaid immediately.
• Intermediate-Term Loans are usually offered for a period of up to 84 months (7 years).
• Long-Term Loans are typically repaid over three to 10 years, and in some cases as long as 25 years.

Sole Proprietorship

• Valid Photo ID
• Business License
• Certificate of Fictitious Name (if the title of the business does not include the owner's full legal name)
• Valid Social Security Number or Tax Identification Number
• Valid Social Security Number for each Authorized Signer

General Partnership / Limited Partnership

• Valid Photo ID for Both Partners
• Business License
• Written Partnership Agreement - for Limited Partnership
• Certificate of Fictitious Name (if the title of the business does not match the legal name listed in business documentation provided)
• Valid Tax Identification Number

Limited Liability Company (LLC)

• Valid Photo IDs for All Owners
• Business License (if applicable)
• Articles of Organization
• Certificate of Fictitious Name (if applicable)
• Valid Tax Identification Number

Corporation

• Valid Photo IDs for All Owners
• Occupational/Business License
• Articles of Incorporation
• Valid Tax Identification Number
• Fictitious Name Registration (if conducting business under another name not listed in the Articles of Incorporation)

 

If you click on the Deposit History Tab at the top right corner of the page, a listing of your scanned deposits will be displayed. If you click on the icon, you can view the deposit details along with a copy of the items included in that deposit. If you click on the icon, you can download a copy of the deposit and print it or save it to a file on your computer for your records.

Deposit history is available for viewing online for 18 months. For deposit history older than 18 months, you can contact our Member Service Center at 850.505.3200.

Twenty (20) minutes. The Mobile Check Deposit session will timeout after twenty minutes of inactivity. There is a session timeout clock displayed on the top right corner of the screen. During the last five minutes of the session, the clock time will appear in red. Every time the page is changed, the clock refreshes.

Mobile Check Deposit is designed as an easy-to-use, self-service product with built in “Help”. Select “Help” on each line of the process for a detailed explanation, helpful hints and a short video explanation of each process step.

If you are within the Mobile Check Deposit section of Digital Banking, you can select “Help” or “?” as you begin the transaction and you will see information specific to the page you are on. You can also send an email to eServices@penair.org or call 850.505.3200.

Mobile Check Deposit for Businesses classified as a Partnership, LLC, Corporation and Association are temporarily having usage fees waived due to the COVID-19 virus until further notice. Mobile Check Deposit for businesses classified as a Sole Proprietorship is available at no cost.

• If you click on the Deposit History Tab at the top right corner of the page, a listing of your scanned deposits will be displayed.
• If you click on the icon, you can view the deposit details along with a copy of the items included in that deposit. If you click on the icon, you can download a copy of the deposit and print it or save it to a file on your computer for your records.

You must securely store each original check(s) for a period of ninety (90) days after transmission to us. After such period expires, you should securely destroy the original check. You understand and agree that you are responsible for any loss caused by your failure to secure the original check within the 90-day time period.

No. The check hold policy is the same as defined in the Funds Availability Disclosure.

Deposits received before 4:00 pm Central Standard Time (CST) will be credited to your account on the same business day. Deposits received after 4:00 pm CST will be credited to your account on the next business day. Business days are Monday through Friday, excluding Saturdays, Sundays, and holidays.

Up to 999 checks can be included in one deposit and multiple deposits can be submitted as long as the accumulated dollar amount of the deposit(s) does not exceed the daily deposit limit.

No, Mobile Check Deposit generates an electronic record with each deposit.

For more information on the deposit limits for business accounts, please contact our Business Solutions department at 850.505.3200 ext 8470.

Acceptable checks:

• Single-party, domestic checks made payable to the owner(s) of the PenAir account.

Unacceptable checks:

• Any item drawn on your account or your affiliate’s account
• Any item that is stamped with a “non-negotiable” watermark
• Any item that contains evidence of alteration to the information on the check
• Any item that is incomplete
• Any item that is “stale dated” or “post dated”

Savings Bonds

• Any third party check, i.e., any item that is made payable to another party and then endorsed to you by such party.

1. From your Online Banking page, select the “Mobile Check Deposit” icon
2. Select the account into which you wish to make a check deposit then click “Submit.”
3. To endorse the check, include the following info on the back of the check(s):
   • Business name as written on the payee line OR For Deposit Only
   • Business Account Number
4. Select your scanner (the first time you use the service you will be prompted to install a scanner control, you will only need to do this once)
5. Enter the total deposit amount of your check(s)
6. Scan the front and back of your check(s)
7. Review and submit your deposit

Digital Banking App:

• To register, log into your PenAir Digital Banking App and touch the Check Deposit icon at the bottom. First time users must read and accept the User Agreement. Once the agreement has been accepted and if all eligibility requirements are met, access to Mobile Check Deposit is automatically granted.
• If eligibility requirements are not met, an “Access Denied” message will appear. Please contact us at 850.505.3200 for more information.

Digital Banking Through A Computer/Browser:

• To register, go to penair.org, log into your Digital Banking account, select the Additional Services tab and click on the Check Deposit link. First time users must read and accept the User Agreement. Once the agreement has been accepted and if all eligibility requirements are met, access to Mobile Check Deposit is automatically granted.
• If eligibility requirements are not met, an “Access Denied” message will appear. Please contact us at 850.505.3200 for more information.

Mobile Check Deposit uses the TWAIN specification for communicating with scanners. Most scanner software supports the TWAIN specification, but not all. For the latest information for specific scanners, enter Mobile Check Deposit and click “Help with Scanners and Drivers” near the bottom of the New Deposit screen or consult with your scanner manufacturer for information on their support for TWAIN on your device.

At this time, the only supported platforms are Android and iPhone.

• Lighting Conditions: Bright but indirect light is best. Placing the check too close to lighting sources may cause shadows.
• Background surface: Any surface of a solid color that contrasts with the check is best. Use a dark-color surface for light checks; a light-color surface for dark checks.
• Document Zooming: Make sure that the bottom of the check is aligned with the base guideline on the camera when taking the picture.
• Image Size: Use the green guidelines to properly zoom and scale. Make sure the entire check appears in the guidelines and fills the space as much as possible.

Yes, the following will be considered for all businesses. Other criteria may be needed depending on how long your business and PenAir business account has been established.

• Must have a valid email address (can not be blank or declined@penair.org).
• Must have a valid physical address.
• Can not be over the Overdraft Protection limit.
• Must have a share balance greater than or equal to $5 in primary share savings.
• Must be eligible for Courtesy Pay.
• Can not have a Courtsey Pay loan.
• Any return deposited items within the last 90 days will require a review.
• No collection status on a loan or account (PACU charge off’s, past due/delinquent accounts).
• Account type cannot be payee or estate.

Mobile Check Deposit is a secure service offered by PenAir. Using your scanner and computer or any mobile device, it allows you to scan and electronically deposit checks to your PenAir account through Online Banking.