Fleet Financial Group introduced a computer banking program for small businesses with $10 million or less of revenues.
The program can be used to transfer funds, make payments, and get advances on commercial loans and credit lines. The bank account information can also be linked to other financial accounting software.
The software costs $4.95, and the bank charges a monthly fee of $14.95. But Fleet waives the fee for customers with account balances greater than $15,000.
The program also lets customers make payroll direct deposits and give employees security codes for different levels of access to account information.