Valley Corporate Checking

Large corporations with a high monthly volume of transactions will benefit from our Valley Corporate Checking account. There are no transaction limitations and it provides the opportunity to accrue monthly earnings credits to offset activity charges on your account by maintaining an average daily collected balance of $25,000 or more.

  • Key Benefits
    • Excellent for large corporations with high volume transactions
    • Competitive monthly earnings credit on average daily collected checking balances of $25,000 or greater which can be used to offset monthly activity fees and services
  • Disclosure

    New Federal Regulation

    Starting May 11, Valley, and other financial institutions, will be required to follow a new federal regulation called the Customer Due Diligence (CDD) Rule. This means we’ll be required to obtain, verify and record information about the beneficial owner(s) of businesses and corporations, also considered legal entity customers.

    Who is a beneficial owner?
    Beneficial owner(s) include individuals who directly or indirectly own 25% or more of the legal entity’s equity interests, and one person with significant responsibility to manage the entity.

    What this means to you
    Each time an account is opened on behalf of a legal entity, we will be required to ask for:
    • Identifying information about the beneficial owner, including, but not limited to: name, residential address, date of birth, social security or similar number.
    • Documents to verify the identity of the entity, the ownership structure of the entity, and the identity of the beneficial owner.

    Questions about the CDD Rule?
    If so, please speak with your Branch Representative or call Customer Service at 800-522-4100 from 6 AM to 11 PM ET, seven days a week.

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