Your business demands a lot from you. Why not demand more from your banking relationship? At Eastern Bank, we offer a full range of accounts designed to deliver the value, service, and convenience your business demands in these competitive times.
Most popular
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Free Business Checking
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Select Business II Checking
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Premier Business Checking
|
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| Ideal for |
Start-ups, sole proprietorships, or not-for-profit businesses with fewer than 100 monthly banking transactions |
Small-to-midsize businesses with moderate transaction volume or combined checking and money market balance of $20,000 or more |
Businesses with up to 500 monthly transactions or a combined balance of $40,000 or more |
| Monthly service charge |
None
|
$18
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$50
|
| Minimum balance to waive fee |
N/A
|
$20,000 minimum daily balance
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$40,000 combined average daily balance
|
| Number of monthly transactions included in fee 1 |
100
|
200
|
500
|
| Excess fee per transaction |
$0.50
|
$0.30
|
$0.50
|
| Balances included in minimum |
N/A
|
Select Checking and Money Market
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Business deposit balances 2
|
| Online banking with bill pay |
Eastern Business BankingTM
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Eastern Business BankingTM
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Eastern Business BankingTM
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| Cash Reserve Line of Credit available |
X
|
X
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X
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| Ability to link a savings account and make fund transfers |
X
|
X
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X
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| Other benefits |
|
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- Free personal Premier Checking for business owners
- Free account access with QuickBooks
- Discount on payroll service
- No-fee to use other banks’ ATMs and reimbursement of other banks’ surcharges 3
|
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Transactions include checks paid, ACH debits, ATM withdrawals, debit card/point-of-sale transactions and deposited items.
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Certain exclusions apply. See a Business Banking Officer or call 1-800-333-8000 for details.
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Up to 10 per month.
Lower volume and balances
| |
Free Business Checking
|
Select Business I Checking
|
Select Business II
Checking
|
|---|
| Ideal for |
Start-ups, sole proprietorships, or not-for profit businesses with fewer than 100 banking transactions |
Smaller businesses with low transaction volume or combined checking and money market balance of $10,000 or more |
Small-to-midsize businesses with moderate transaction volume or combined checking and money market balance of $20,000 or more |
| Monthly service charge |
None
|
$11
|
$18
|
| Minimum balance to waive fee |
N/A
|
$10,000 minimum daily balance
|
$20,000 minimum daily balance
|
| # of monthly transactions included in fee 1 |
100
|
100
|
200
|
| Excess fee per transaction |
$0.50
|
$0.30
|
$0.30
|
| Balances included in minimum |
N/A
|
Select checking and money market
|
Select checking and money market
|
| Online banking with bill pay |
Eastern Business BankingTM
|
Eastern Business BankingTM
|
Eastern Business BankingTM
|
| Cash Reserve Line of Credit available |
X
|
X
|
X
|
| Ability to link a savings account and make fund transfers |
X
|
X
|
X
|
- Transactions include checks paid, ACH debits, ATM withdrawals, debit card/point-of-sale transactions and deposited items.
Higher volume and balances
| |
Premier Business Checking
|
Cash Management Checking
|
|---|
| Ideal for |
Businesses with up to 500 monthly transactions or a combined balance of $40,000 or more |
Larger companies with multiple checking accounts and a need for treasury management services |
| Monthly service charge |
$50
|
$21
|
| Minimum balance to waive fee |
$40,000 combined average daily balance
|
Earnings credit paid to offset service fees 3
|
| Balances included in minimum |
Business deposit balances 1
|
N/A
|
| Transaction fees 2 |
500 free transactions included
$0.50 per transaction in excess of 500
|
$0.20 per check fee
$1.00 per deposit
$0.15 per item deposited
$0.25 per preauthorized ACH debit/credit
|
| Online banking with bill pay |
Eastern Business BankingTM
|
Eastern TreasuryTM
|
| Ability to link a savings account and make funds transfers |
X
|
Can link multiple accounts for earnings analysis report
|
| Other benefits |
• Free account access with QuickBooks
• Discount on payroll service
• No fee to use other banks’ ATMs – and reimbursement of other banks’ surcharges 4
|
Access to a wealth of cash management services
|
- Certain exclusions apply. Visit an Eastern Bank branch or call 1-800-333-8000 for details.
- Transactions include checks paid, ACH debits, ATM withdrawals, debit card/point-of-sale transactions and deposited items.
- Fees may be offset in whole or in part by earnings credit generated from your account balances.
- Up to 10 per month.
