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Please click here to review our current rates.
We are open from 8 AM to 4 PM Central time. Applications may be made online at any time.
All applications submitted by 4:00 PM Central time will be reviewed that same day. You will receive an email notice (with wiring instructions) once your application has been approved or an email with further instructions. Please DO NOT send funding until you have received confirmation that we have a correct and complete application.
Only banks and credit unions can open accounts through the Money Desk. A valid FDIC or NCUA number is required as part of the application process. Money Desk accounts can only be opened for benefit of the institution itself. Accounts for the benefit of a third-party are not allowed.
Yes. Beal Bank and Beal Bank USA have separate charters (FDIC Certificate #32574 for Beal Bank and #57833 for Beal Bank USA). This means accounts at both banks are covered up to the applicable amounts.
Yes. All deposits are insured by the FDIC to at least $250,000 per depositor.
You can begin our online application by selecting a term and rate from our Money Desk Rates page. Funds must be received within two business days to lock in your rate.
All CDs must be opened with at least $95,000.
If your Institution’s physical address is not the same as its mailing address, please include the mailing address on the new account application.
You may select a variance of + or – 2 days on the standard maturity dates for each specific term. Please note any variance requirements in the notes section on the new account application.
The purchase date is the date that funding is received. This date may be different than the date of the submitted application.
You must complete an application and submit a corporate resolution and W9. The corporate resolution must contain the names of authorized signers with their signature. The authorized signers listed on the application must match the names listed on the corporate resolution exactly. This includes all middle initials, suffixes, full names, etc.
The corporate resolution must contain the names of authorized signers with their signature. The authorized signers listed on the application must match the names listed on the corporate resolution exactly. This includes all middle initials, suffixes, middle names, etc.
Safekeeping receipts will be sent via email within two business days after funding is received.
Yes! Beal Bank and Beal Bank USA are two of the soundest financial institutions in the country. For more information, please examine our Statements of Condition for Beal Bank and Beal Bank USA.
Go here and send a copy of the FDIC or NCUA approval, a new corporate resolution, and a W9.
Yes. Please see our disclosure for details.
Please see our disclosure for details.
Interest payments may be made monthly via ACH or check. They may also be added back to the account quarterly. We will not send ACH payments to a General Ledger (GL), only a Demand Deposit Account (DDA) or Savings account.
Please click here to change the name on your account and provide updated documentation that supports the name change (a corporate resolution and a new W-9).
Please click here and submit a corporate resolution specifying the changes you wish to make regarding who is authorized to sign on your account.
Please click here to send written instructions, signed by authorized signer.
Please click here to renew your account.
Please click here to close your account.
Please click here to unsubscribe.
Click below to:
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