FDIC Insured – Backed by the full faith and credit of the US Government
Cash Management & Online Banking
Stay in control of your business finances with powerful tools that work on your schedule. Mechanics Cooperative Bank offers cash management and online banking solutions designed to simplify operations and enhance efficiency—anytime, anywhere.
Business Internet Banking
Manage your business finances
anywhere, anytime
Business Mobile Banking
Use our app to access all of your
business accounts
Positive Pay
Detect and prevent check and ACH fraud
with our cash management services
Remote Deposit Capture
Scan check deposits from your desktop
However you like to bank, Mechanics Cooperative Bank has the perfect solution.
To comply with new federal regulations, the Bank will be collecting additional information from our business customers that will include ownership and control person identification. This information will be used to help the government fight financial crime and the rule requires U.S. financial institutions to obtain, verify, and record information about the beneficial owners of legal entity customers. Legal entities can be abused to disguise involvement in terrorist financing, money laundering, tax evasion, corruption, fraud, and other financial crimes.
Requiring the disclosure of key individuals who own or control a legal entity helps law enforcement investigate and prosecute these crimes. We ask that you please have this information ready when you come in to open your account. We appreciate your business and thank you for your cooperation. Please contact us directly with any questions.