Merchant Processing
Fidelity Bank offers a comprehensive Merchant Credit Card program which enables all of your credit and debit card sales receipts to be electronically deposited into your commercial account. All major credit cards are eligible, as well as PULSE® and STAR® debit cards and Electronic Benefit Cards. Several different equipment options are available including installation and servicing, along with a full range of merchant supplies. Online access to your statements and transactions are also available through the Online Merchant Center.
To learn more, fill out our Commercial Services Form or stop in at one of our convenient locations. You can also contact us by phone, 1-800-242-2500, or send us an email and we will respond promptly.
Single Source Account
Fidelity Bank's Single Source Account is a streamlined solution to what often is a difficult and time-consuming administrative function—escrow management. Once a Single Source Master Account is opened, an unlimited number of individual escrow sub-accounts may be added to which deposits, disbursements, and interest credits are made.
Sub-accounts may be opened and closed as required. The Federal Deposit Insurance Corporation (FDIC) insures each sub-account up to $250,000.
One Statement
Each month, Single Source customers receive one statement detailing all activity in the master account and all sub-accounts. The statement provides both monthly and year-to-date transaction histories and balances.
One Checkbook
One master account checkbook is all that is required—eliminating the need to maintain a separate checkbook for the management of the funds of each sub-account. As an added convenience, disbursements can be made via telephone transfer from the sub-accounts to the master account.
One Code
To enhance security, the master account holder is assigned an authorization code that permits exclusive access to the master and all sub-accounts. This ensures the safety and security of your funds.
One Benefit
Federal income tax reporting is at the sub-account level and each sub-account holder will be provided with interest earned tax information annually on an IRS Form 1099. Each month, Single Source customers receive one statement detailing all activity in the master account and all sub-accounts. The statement provides both monthly and year-to-date transaction histories and balances.
Messages sent by e-mail may be intercepted by third parties or may be delayed in reaching the appropriate unit at Fidelity Bank. Please do not use email for communications containing confidential or time-sensitive information.