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Business Deposit Services
Business Checking Accounts
Free Business Checking
An ideal account for businesses, fiduciaries and not-for-profit organizations with fewer than 100 transactions a month. This account has no maintenance fee, no minimum balance and includes free online banking with bill pay. Learn about other benefits available with Free Business Checking.
Business Select Checking
Our Select Checking account offers a host of features and values that will make managing your finances easier. Enjoy free HomeConnect online banking with bill payment and special pricing on a preferred line of credit, new merchant card processing and payroll services. A Debit MasterCard BusinessCard®, Visa® Business Credit Card and a Business Select Money Market Account are available to increase the value of your Select Checking account. Best of all, you can choose the level of activity that’s right for your business!
- Level One
A simple, low-cost checking account with predictable fees for businesses with low activity. Includes 100 free transactions per statement period1. $10,000 minimum balance required to waive monthly fee.
- Level Two
A basic checking account with predictable fees for businesses with moderate activity. Includes 200 free transactions per statement period1. $20,000 minimum balance required to waive monthly fee.
Business Checking
A checking account for larger businesses with relatively high transaction volume. Balances generate an earnings credit available to offset typical account activity fees.
Cash Management Checking
An account for large businesses with multiple checking accounts and a need for Treasury Services.
- Links accounts for analysis purposes.
- A monthly analysis report is generated on the relationship.
- Balances generate earnings credit available to offset checking account fees and cash management services.
Non-Profit Business Checking
An account specifically designed for non-profit organizations with limited transaction needs.
- Low monthly maintenance fee.
- Balances generate an earnings credit available to offset typical account activity fees.
Business Interest Checking
An interest-bearing account for sole proprietor-ships and non-profit organizations. Interest is paid on all balances.
BUSINESS SAVINGS ACCOUNTS
Business Statement Savings
A basic, low-cost savings account. Earns interest regardless of balances.
Business Investment Plus
A Money Market savings account for businesses offering a premium interest rate that increases with higher balances.
Business Prime Liquid Assets
A Money Market account with check-writing capabilities.
Eastern Business Select Money Market
A Money Market savings account for Eastern Business Select checking customers only.
- An easy link to your Eastern Business Select checking account with an overdraft protection feature.
- Combined monthly statement for all Eastern Business Select accounts.
- Balance is combined to satisfy the balance requirements to waive the monthly maintenance fee for Eastern Business Select checking.
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Need Assistance?
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- For additional information:
– submit a request to be contacted by a Business Banking Officer, or
– call 1-800-333-8000 to speak with our Business Banking Service Team, Monday through Friday, 8:00 a.m. to 6:00 p.m.
- To apply for a business deposit account, visit any Eastern Bank office location or call 1-800-EASTERN (1-800-327-8376).
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MasterCard® is a registered trademark of MasterCard International.
1 Transactions include checks paid, automated clearinghouse (ACH) debits, ATM withdrawals, point-of-sale (POS) debit transactions, and deposited items. Excess checking transaction fee of $.30 per item after 100 transactions for Level I and 200 transactions for Level II for each statement period.
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