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Preferred Practice
Preferred Practice
Ocean Bank makes it easy for Lawyers, CPAs, Doctors, Veterinarians and Dentists to handle routine banking; accept payments from clients and get access to credit. Preferred Practice combines personal and business banking services to provide a better banking experience for professionals who need convenience and want control.
 
$50,000 Business Line of Credit
With a business line of credit of up to $50,000, you will have immediate access to cash when you need it. You might need cash to cover operating expenses when you are waiting for customer payments. Or, you can use the cash to make improvements to your office space or purchase new computers, software and equipment. The best part about a line of credit is that you only make payments when you draw on the funds. Subject to credit approval.
Personal Checking Account
Preferred Practice includes an Ocean Bank Personal Smart Checking Account for the owners of the firm or business.
$20.00 minimum opening deposit
No minimum balance
No monthly maintenance fee
Unlimited check writing
Free first order of checks
Free MasterCard® Debit Cards
Free 24 hour telephone banking
Free online banking and Bill Pay
Free eStatements
Business Checking Account
To handle the banking needs of the business, a free Business Checking Account for up to 300 transactions a month is part of Preferred Practice. $0.30 for each transaction over 300.
$100.00 minimum opening deposit
No minimum balance
No monthly maintenance fee
Unlimited check writing
Free first order of checks
Free MasterCard® Debit Cards
Free 24 hour telephone banking
Free online banking and Bill Pay
Free eStatements
 
Client Credit and Debit Card Payments
Preferred Practice includes a service that allows you to accept credit cards and debit cards from your clients. While your clients enjoy the convenience, you benefit from quicker access to funds because these electronic card payments are processed quicker than paper checks. When you are a Preferred Practice customer and make a $100 security deposit, the cost of the terminal to swipe cards is waived.
Remote Deposit
Ocean Bank understands that it’s important for your staff to be in the office. That’s why Preferred Practice customers get access to a service that allows deposits to be made into your Ocean Bank checking account without making a trip to the bank. The service uses a scanner connected to your computer to electronically transmit checks into your account.  As a Preferred Practice customer, you’ll receive a low-volume transaction scanning device for free. The low-volume model is ideal for processing one or just a few checks at a time.
Payroll Service
Ocean Bank’s payroll processing for up to 25 employees is part of Preferred Practice when enrolled in. This service replaces checking writing and manual payroll preparation with an electronic service that deposits pay directly into your employees’ bank accounts, regardless of where they bank. Payroll processing saves time, improves payroll accuracy and gives employees quicker access to pay than issuing a paper check. Enrollment in online Business BillPay–e Plus system is required to take advantage of direct deposit payroll services.
Safe Deposit Box
As a Preferred Practice customer, you can receive a free one-year (3” X 5”) safe deposit box rental with a minimum of $2,500.00 opening deposit. Higher opening deposits are eligible for larger safe deposit boxes. All box sizes are subject to availability.
Preferred Practice To become a Preferred Practice customer, call 305-442-2660,
or visit a branch near you.
     
 
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