Commercial Banking Solutions

Understanding your business and how you define financial success is Old Dominion’s specialty. We spend the time needed to develop relationships with our clients so we can provide the right banking products and services to meet your needs.  From cash management solutions to online payroll, we can tailor a package of services to help keep your business plan on track.​

Products

  • Business Checking
    • Minimum to Open:  $250
    • Minimum Balance:  $1,000
    • Monthly Fee:  $15*
    • # Items Free:  500
      • $0.25 for each item over 500
    • Account conditions to avoid monthly maintenance fee:
      • Balance must not fall below $1,000; and
      • Enrollment in E Statements


    *earnings credit may reduce other associated fees

  • Commercial Checking
    • Minimum to Open: $5,000
    • Minimum Balance: N/A
    • Monthly Fee: $25*
    • Analysis Fee(s):
      • $0.15 per check
      • $0.25 per deposit
      • $0.10 per item deposit
    • Online Banking Suite: Must enroll Premier $20/Month


    *earnings credit may reduce other associated fees

  • Business Interest Checking
    • Minimum to Open:  $50,000
    • Minimum Balance:  $50,000 (to earn interest stated and avoid a service charge)
    • Monthly Fee:  $15*
    • # Items Free:  500
      • $0.25 for each item over 500.
    • Tiered interest: Compounded daily, credited monthly**


    *earnings credit may reduce other associated fees
    **please reference our most recent rate sheet for more information

  • Business Money Market
    • Minimum to open: $2,500
    • Monthly Service Fee: $15 if balance falls below $2,500
    • 6 withdrawals or transfers per month with no fee
    • $10 fee for each excess withdrawal or transfer over the allowable 6 per monthly statement cycle
    • Combined statements available
    • Tiered interest: Compounded daily, credited monthly*


    *please reference our most recent rate sheet for more information

  • IOLTA Checking

    Interest on Lawyer's Trust Accounts

    • Minimum to open: $5,000
    • Monthly service fee: $15 if balance falls below $500
    • Combined statements available
    • Interest: Compounded daily, credited monthly*


    *please reference our most recent rate sheet for more information

  • Community Checking

    For non-profits, small civic organizations, clubs, etc.

    • Minimum to open: $100
    • Monthly service fee: None
    • Free: Online banking, first order printed checks
    • Unlimited teller transactions
    • Unlimted check writing
    • Combined statements available
    • Non-interest bearing
  • Business Super Money Market
    • Minimum to open: $25,000
    • Monthly service fee: $15 if balance falls below $25,000
    • 6 withdrawals or transfers per month with no fee
    • $10 fee for each excess withdrawal or transfer over the allowable 6 per monthly statement cycle
    • Combined statements available
    • Tiered interest: Compounded daily, credited monthly*


    *please reference our most recent rate sheet for more information

  • Business Savings
    • Minimum to open: $500
    • Monthly service fee: $10 if balance falls below $500
    • 6 withdrawals or transfers per month with no fee
    • $3 fee for each excess withdrawal or transfer over the allowable 6 per monthly statement cycle
    • Combined statements available
    • Unlimited deposits
    • Automatic transfers from other accounts available
    • Can be used to cover overdrafts on other accounts
    • Interest: Compounded daily, credited monthly*


    *please reference our most recent rate sheet for more information

  • ODNB Prime Money Market

    When Prime rate rises your money market rate of 1.20% APY* will automatically adjust 1/2 of the Prime rate variance.

    • $10,000 minimum to open
    • $10 monthly service charge if minimum daily balance falls below $10,000
    • Free –printed checks
    • Free debit card
    • 6 withdrawals or transfers – per month with no fee
    • $10 fee for each excess withdrawal or transfer over the allowable 6 per monthly statement cycle
    • Combined statements available
    • Tiered interest - compounded daily, credited monthly

    *Annual percentage yield. APY stated is valid on balances over $10,000 and below $2,000,000. Balances below $10,000 applicable rate is .30% APY. Balances above $2,000,000 applicable rate is .30%. Rate is tied to the Wall Street Journal Prime rate index which is 4.00% as of 3/24/17.

Business & Treasury Services

• Remote Deposit Capture
• Business Mobile Banking & Mobile Capture
• Online Banking with ACH and Wire Technology
• Cash Management Solutions
• Merchant Card Services

Industry Specialties

  • Government Contracting

    Old Dominion National Bank understands the unique challenges our local and state government organizations face resulting from political changes and government funding. Our team is committed to partnering with you to deliver financial solutions specific to your industry.  

    We provide offer a customizable suit of products and solutions to meet your banking needs. At Old Dominion, our focus is on being a trusted financial partner. We work closely with you to support your changing business needs and strive to be part of your company’s competitive advantage in today’s growing markets.

    ODNB offers a full suite of finance options for your business, including:

    • Working capital lines of credit
    • Contract/Large project financing
    • Letters of Credit
    • Fixed Asset Term Loans


    We also offer business and treasury services, allowing you to bank at your convenience.

  • Healthcare

    Old Dominion National Bank knows that you need financial strategies for your specific industry and we are committed to your success. We work with healthcare companies across a span of sectors, from medical manufacturers to insurers, including many provider types such as:

    • Hospitals and hospital-affiliated clinics
    • Physician practices
    • Assisted-living facilities
    • Imaging and dialysis centers
    • Laboratories


    We have a wide array of solutions that can be customized for your practice. Whether you are planning for a merger or acquisition, upgrading your equipment, or implementing a new EHR system, we can help.

  • Title and Escrow

    Old Dominion National Bank knows the value of providing the right cash management solutions to cater to the intricate needs of the title and settlement industry. Our experienced team is committed to understanding your most complex needs and providing you with a secure solution for your fiduciary funds. We offer several solutions to simplify you financial needs allowing you to focus on your business:

    • Wire transfers
    • Remote deposit capture
    • Online banking/Business Mobile Banking
    • ACH


    We know your time is valuable and we want to help you save it.

  • Non-Profit Organizations

    Old Dominion is committed to partnering with Non-profits to fulfill their missions. We offer financial solutions that meet the unique needs of charitable organizations:

    • Electronic deposit technology
    • Online & Mobile Banking
    • Online & Mobile Banking featuring electronic payment options
    • Community Checking Account(s)
    • Customizable financing products


    Old Dominion support the efforts of our non-profits, we understand your commitment to improving the community and enriching the lives in it. This support extends to ODNB’s work in the community. Visit our community involvement page to learn more.