Frequently Asked Questions

Willamette Interest Checking allows you to earn interest on your balance in your checking account. You do need to maintain a $1500 average daily balance or with combined deposits of $5,000 to avoid a monthly service charge.

Willamette Checking has a no monthly service charges as long as the minimum average daily balance of $200.00 is met. Unlimited check writing, reimbursable ATM fees, and more with a low minimum average balance.

Willamette Valley Bank’s Money Market Account may be the account for you. This account earns money market rates on your entire balance, without tying up your money. The simple interest rate is tiered: this means you’ll earn a higher rate of interest for larger account balances.

All Willamette Valley Bank Checking Accounts are free of ATM fees. No one wants to pay to access their own money so at Willamette Valley Bank, you don’t have to. Willamette Valley Bank will refund all other bank’s fee for using the ATM.

Willamette Checking and Willamette Gold Checking only require $100 to open an account.

All of Willamette Valley Banks accounts are available with mobile and online banking accessibility. Today the world moves faster than ever and you need to have a bank who is there with you, all with the same local community bank service.

All Willamette Valley Bank Checking Personal Accounts have overdraft protection available. Every checking account can be set up for Overdraft protection from savings.

Willamette Checking, Willamette Interest Checking, and Willamette Golden Checking have no service charge fees when minimum balance is met. See which of these great accounts the right one for you is

Zelle is a great way to send money to family, friends, and people you are familiar with such as your personal trainer, babysitter or neighbor. Since money is sent directly from your bank account to another person’s bank account within minutes, Zelle should only be used to send money to friends, family and others you trust. Neither Willamette Valley Bank nor Zelle offers a protection program for any authorized payments made with Zelle – for example, if you do not receive the item you paid for or the item is not as described or as you expected.

If you have already enrolled with Zelle, you do not need to take any further action. The money will move directly into your bank account, typically within minutes. If you have not yet enrolled with Zelle, follow these steps: Click on the link provided in the payment notification you received via email or text message. Select Willamette Valley Bank. Follow the instructions provided on the page to enroll and receive your payment. Pay attention to the email address or U.S. mobile number where you received the payment notification – you should enroll with Zelle using that email address or U.S. mobile number where you received the notification to ensure you receive your money.

You can send, request, or receive money with Zelle. To get started, log into Willamette Valley Bank’s online banking or mobile app, navigate to Bill Pay and select “Send Money with Zelle®“. Accept terms and conditions, enter your email address or U.S. mobile phone number, receive a one-time verification code, enter it, and you’re ready to start sending and receiving with Zelle. To send money using Zelle, simply add a trusted recipient’s email address or U.S. mobile phone number, enter the amount you’d like to send and an optional note, review, then hit “Send.” In most cases, the money is available to your recipient in minutes. To request money using Zelle, choose “Request,” select the individual(s) from whom you’d like to request money, enter the amount you’d like to request, include an optional note, review and hit “Request”. To receive money, just share your enrolled email address or U.S. mobile phone number with a friend and ask them to send you money with Zelle.

You can send money to friends, family and others you trust. Since money is sent directly from your bank account to another person’s bank account within minutes1, it’s important to only send money to people you trust, and always ensure you’ve used the correct email address or U.S. mobile number.

Zelle is a fast, safe and easy way to send money directly between almost any bank accounts in the U.S., typically within minutes1. With just an email address or U.S. mobile phone number, you can send money to people you trust, regardless of where they bank.

A small business line of credit has more in common with a small business credit card than with a small business loan. Like a small business loan, an unsecured line of credit provides a business with access to money that can be used to address any business expense that arises. Unlike a small business loan, however, there’s no lump-sum disbursement made at account opening that requires a subsequent monthly payment.

A small business line of credit is typically offered as unsecured debt, which means you don’t need to put up collateral (assets that the lender can sell if you default on the debt). Many unsecured lines of credit come with a variable interest rate and are available for sums ranging from $10,000 to $100,000. For amounts greater than $100,000, you may be required to secure your line of credit with a blanket lien on your assets or a certificate of deposit.

Be sure to research the specifics of any lender’s business line of credit requirements. For example, many banks will require a business to have been under current ownership for some fixed amount of time. Rates for a business line of credit tend to be lower than those for a business credit card, which can charge more than 20% APR for purchases — and even more than that for cash advances.

The number-one reason to open a business line of credit is to gain access to short-term funding. Most businesses use these funds to support financing for operational expenses like supplies and payroll or for increasing inventory. Cyclical businesses often rely on an unsecured line of credit as a source of off-season working capital. It’s a good choice for small businesses looking for ways to better manage cash flow.

WVBK offers a variety of guaranty loan programs to help small businesses get started. These programs are through agencies such as SBA, USDA, and Business Oregon, that provide terms specific to the borrowing need and allow the bank to make loans that otherwise may not qualify.

WVBK offers a variety of commercial loan programs including construction, purchase and refinance of multi-family investor properties.

A Land Development Loan could be what you are looking for. Land Development (subdivision development): Loans utilized to develop land or lots for residential or commercial use. The completed product is often sold to builders or end users for further development, which repays the loan.

WVBK offers a loan program that will take you from land purchase to construction to long term financing that can make your idea of a new corporate headquarters a reality.

WVBKs Operating Line of Credit might be your solution. It is designed to even out your cash flow cycle by making funds available during the time your working capital is tied up in preparing for your busy season and allowing you the flexibility to repay the line when cash flow permits.

WVBK offers commercial real estate loan products to help you. Retail, Office, Industrial, Warehouse & Multi-family: These property types can be refinanced or purchased using our commercial real estate loan products. These loans are available for owner-occupied properties or investment properties.

Business Term Loan, Machinery & Equipment Financing are options to help you during growth. This product is used to finance equipment, vehicles, facility enhancements or business expansion. Characteristics include monthly principal and interest payments typically amortized in 5 years or less.

Business Analysis Checking may be for you. This is the ultimate account for high activity. Business Analysis Checking gives you the ability to use balances, through an earnings credit, to offset fees.

WVBKs Business Premium Checking is great for businesses who carry large balances with moderate account activity on a monthly basis.

WVBKs business Checking Plus and Business Analysis Checking earns interest on balances. The same great features as our Business Checking account, but this account earns interest as well.

All of WVBKs Business Checking accounts offer overdraft protection. You have enough to monitor with your business, know your checking account is not one of them with overdraft protection. Transaction fees apply.

WVBKs Business Premium Checking allows 100 checks per cycle with no additional per check fee and all the same great features as Business checking. Contact your local banker today to find out more.

WVBKs Business Premium account allows up to 300 deposits per cycle at no cost and all the same great features as Business checking. Contact your local banker today to find out more.

WVBK offers the HomeStart down payment assistance program. The HomeStart Grant is a first come, first served down payment assistance program which is available to qualifying home buyers earning up to 80% of the area median income for the location of the residence being purchased. Contact a local WVBK Loan Consultant today to find out if you qualify.

Maybe HomeReady or HomePossible is the program for you. These two programs are Fannie Mae and Freddie Mac loan programs with affordable low down payment mortgage products designed for creditworthy low to moderate-income borrowers, with expanded eligibility for financing homes in low-income communities.

The USDA Rural housing loan might be for you. Rural development loans are a great option for your borrowers looking for 100% financing. This program allows for a fixed rate, with no down payment required, no cash reserves needed, closing costs may be financed on some transactions, and seller contributions allowed.

Jumbo mortgage is a plus-size home loan weighing in at a dollar amount above what are called the conforming loan limits. A jumbo loan will typically come with more demanding requirements than a smaller, conforming mortgage. The jumbo loan threshold is $453,100 in most of the United States, though in the highest-cost areas loans have to go over $679,650 to reach jumbo territory. Contact a local WVBK Loan Consultant today.

A High-Balance Mortgage Loan is defined as a conventional mortgage where the original loan amount exceeds the conforming loan limits published yearly by the Federal Housing Finance Agency (FHFA), but does not exceed the loan limit for the high-cost area in which the mortgaged property is located, as specified by the FHFA. The conforming loan limit is $453,100 and the high-cost area limit is $679,650 for a 1-unit dwelling in the continental U.S. WVBK offers high balance loans from both conventional and government home loan programs.

If your active duty military or a veteran or an eligible family member of a military veteran, you may qualify for a Veterans Affairs loan. The VA Mortgage is a government-based product offering 100% financing of the reasonable value of the property, with less restrictive qualifying terms than conventional programs. *VA loans require a VA Funding Fee that may be financed into the loan or paid out of pocket at closing.

WVBK has cash out loan options for you with our Fixed Rate Conventional Mortgages. It offers the confidence of knowing your rate and payment will not change for the term of your loan. This is a great program for anyone planning on being in their home for a longer period of time.

Contact a Loan Officer today to see if with the value of your home today you might be able to reduce or remove your mortgage insurance.

FHA Loan could help you accomplish this. With an FHA loan there is a low down payment minimum, which can come from a gift or a grant and the program even allows for a lower credit score to qualify.

Yes you can in many circumstances! If you’ve been in repayment for a year or more, all payments have been made on time, your credit scores are above 600, and you have a stable monthly income, there may be options for you.

Willamette Checking has a no monthly service charges as long as the minimum average daily balance of $200.00 is met. Unlimited check writing, reimbursable ATM fees, and more with a low minimum average balance.

Willamette Checking, Willamette Interest Checking, and Willamette Golden Checking have no service charge fees when minimum balance is met. See which of these great accounts the right one for you is.

All Willamette Valley Bank checking accounts are free of ATM fees. No one wants to pay to access their own money, so at Willamette Valley Bank, you don’t have to. Willamette Valley Bank will refund all other banks’ fees for using the ATM.

All Willamette Valley Bank Checking Personal Accounts have overdraft protection available. Every checking account can be set up for Overdraft protection from savings.

Willamette Valley Bank’s Money Market Account may be the account for you. This account earns money market rates on your entire balance, without tying up your money. The simple interest rate is tiered: this means you’ll earn a higher rate of interest for larger account balances.

All of Willamette Valley Banks accounts are available with mobile and online banking accessibility. Today the world moves faster than ever and you need to have a bank who is there with you, all with the same local community bank service.

Willamette Checking and Willamette Gold Checking only require $100 to open an account.

Willamette Interest Checking allows you to earn interest on your balance in your checking account. You do need to maintain a $1500 average daily balance or with combined deposits of $5,000 to avoid a monthly service charge.