If you’re a sole proprietor or not-for-profit organization looking for a smart, convenient, and no-cost account, we offer you Free Business Checking.
Compare Checking Options
- No monthly maintenance fee.
- No minimum balances
- Free use of Eastern Bank ATMs.1
- Free Eastern Bank Debit Mastercard BusinessCard® for easier purchasing.
- Free online banking with bill pay to control finances 24/7.
- The option to apply for Cash Reserve to guard against the hassle and expense of overdrafts.2
- Ability to link a savings account and make fund transfers.
- ATM transactions count toward the transactions allowed each month. ATM fees can be avoided by choosing SUM Program ATMs, designated with the SUM logo on the exterior of the ATM. SUM is administered by and is a registered trademark of the NYCE Payments Network, LLC, an FIS Company.
- Available for qualified applicants.
| Account Fees | Amount |
|---|---|
| Monthly fee | N/A |
| Minimum balance to waive fee | N/A |
| Minimum opening deposit | $50 |
| Number of free monthly transactions 1 | 100 |
| Excess transaction fee | $0.50 per transaction |
-
Transactions include checks paid, ACH debits, ATM withdrawals, debit card/point-of-sale transactions, and deposited items.
Click here to review the Business Banking Fee Schedule
Click here to review the Business Deposit Account Agreement
Click here to review the Business Overdraft Services and Fees
Manage your day-to-day finances with these products
Eastern Bank Debit Mastercard BusinessCard®
Simplify business purchases and improve expense tracking with this convenient card. You’ll reduce the need to carry cash or checks and can take advantage of valuable business and travel services. And of course, you can use it to make transfers and do your banking 24/7.
Eastern Bank online banking with bill pay
Stay in control of your business finances 24/7. You can pay bills, make loan payments, view transactions and balances, check images, transfer funds and more – from anywhere you have Internet access.
Cash Reserve Line of Credit
With this line of credit attached to your checking account, you can guard against costly overdrafts and obtain instant access to working capital simply by writing a check or making a transfer.
Eastern Bank Rewards BusinessCard Credit Card
Earn cash back on all your business purchases, plus access your account online to easily track and manage expenses anytime it’s convenient for you. No annual fee.
Money Market/Savings accounts
Get competitive rates and the assurance of FDIC protection with an Eastern Bank Business Savings or Money Market account. For greater convenience, you can link your account right to your checking and make easy transfers.
At any Eastern Bank branch: Use our branch locator to find one near you.
For more information, call 1-800-333-8000.