Specialty Banking

Banking for Wholesaling Businesses

Your vision for long-term growth supported by personalized strategies and dedicated relationship servicing.

As we customize your elevated banking experience, our focus is on meaningful conversations that craft financial solutions aligned with your business goals.

Balancing liquidity with opportunity.

We understand the complexities of the wholesaling industry in Puerto Rico, offering local insight and experience to navigate challenges and maximize potential. Our refined suite of financing products is designed to effectively manage cash flow, finance and optimize inventory levels, and support growth.

Accounts designed to simplify and expedite daily transactions.

Our business checking accounts are designed to simplify cash management and enhance day-to-day efficiency. Money Market, savings, and CD accounts offer conveniences with the potential to earn interest on balances. A single, secure login gives you seamless access to both business and personal Banesco USA accounts, bringing greater convenience to your banking experience. Our advanced online platform allows you to delegate routine tasks with confidence while maintaining the privacy of your account balances.

Enhancing operational efficiency with Treasury Management Services.

Your BanescoSelect Relationship Manager in Puerto Rico, in collaboration with your Treasury Management Specialist, will review your specific needs and configure a suite of available digital solutions to streamline payment processing.

Wire services in Online Banking or our mobile app add control to domestic and international disbursements, with options for recurring payments to further simplify your operations. Automated or same-day account transfers enhance liquidity management, ensuring funds move efficiently.

Remote Deposit Capture¹ offers the flexibility to deposit checks from any location in Puerto Rico, and Positive Pay provides robust fraud protection by preventing unauthorized or altered checks from processing.

Safeguarding your accounts with advanced fraud and security protection.

Through a combination of AI technology and human oversight, your accounts are continuously monitored for unusual activity, and alerts are sent when your review and action may be required.

Payee Positive Pay helps identify potential check fraud by matching payee and other check details before processing, and online notifications give you control to approve or decline transactions.

Our online banking platform lets you manage authorized users, establish transaction limits, and review activity history with ease. Enhanced security features, including two-factor authentication and securely stored paperless statements, protect your privacy.

In addition to FDIC insurance for deposit accounts, we offer ICS^® and CDARS^® for balances exceeding $250,000 with access to multimillion-dollar FDIC insurance coverage.

Account transaction and service fees apply. Refer to the Schedule of Fees and Service Charges.

Commercial loans are subject to credit approval and the Bank’s credit policies. Additional conditions may apply.

¹Equipment rental fees not included. For more information about Treasury Management products and fees, contact your Treasury Management Specialist or email TM@banescousa.com.

Use of the ICS and CDARS services is subject to the terms, conditions, and disclosures set forth in the CDARS-ICS Participating Institution Agreement and applicable Deposit Placement Agreements. Limits apply, and customer eligibility criteria may apply. ICS program withdrawals are limited to six per month when using the ICS savings option. CDARS, ICS, Insured Cash Sweep, One-Way Buy, and One-Way Sell are registered service marks of Promontory Interfinancial Network, LLC, now IntraFi Network^SM. Floating-Rate Funding and Insured Overnight Funding are service marks of IntraFi Network.