For business owners with more moderate monthly transaction volume or have checking and money market account balances of $20,000 or more, you may consider our Select Business II Checking account.
Compare Checking Options
- Free use of Eastern Bank and non-Eastern ATMs.1
- Free Eastern Bank Debit Mastercard BusinessCard®.
- Free online banking with bill pay.
- The option to apply for Cash Reserve Line of Credit to guard against the hassle and expense of overdrafts.2
- Ability to combine balances from your Select Business II Checking and Money Market accounts to offset service fees.
- 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 | $18 |
| Minimum balance to waive fee | $20,000 minimum daily balance |
| Balances included in fee waiver | Select Checking and Money Market |
| Minimum opening deposit | $50 |
| Number of free monthly transactions 1 | 200 |
| Excess transaction fee | $0.30 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 small business 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 bank 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
Protect your business from the hassle and expense of overdrafts and obtain instant access to working capital simply by writing a check or making a transfer.
SBA Loans
Borrow the funds you need to start, grow and expand. For more information on SBA Loans, visit our Business Lending page.
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 our 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.