Checking Accounts

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. Read below to learn more about our checking options.

Additionally, as an added benefit of banking with us, our business customers receive access to Monit, a complimentary, mobile friendly financial assistant for business owners.

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

Most popular

Account Type

Free Business Checking

Select Business II Checking

Premier Business Checking

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




Minimum balance to waive fee


$20,000 minimum daily balance

$40,000 combined average daily balance

Number of monthly transactions included in fee 1




Excess fee per transaction




Balances included in minimum


Select Checking and Money Market

Business deposit balances 2

Online banking with bill pay

Eastern Business Banking®

Eastern Business Banking®

Eastern Business Banking®

Cash Reserve Line of Credit available




Ability to link a savings account and make fund transfers




Monit, a mobile-friendly financial assistant for business owners like you X X X
Other benefits




  • 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
  1. Transactions include checks paid, ACH debits, ATM withdrawals, debit card/point-of-sale transactions and deposited items.

  2. Certain exclusions apply. See a Business Banking Officer or call 1-800-333-8000 for details.

  3. Up to 10 per month.

Manage your business anytime, anywhere with Monit™

Introducing a digital financial assistant that gives you the numbers that matter most.

  • Automated cashflow forecasting
  • Actionable insights for your business
  • Real-time planning tools, such as a PPP calculator to help you project and optimize forgiveness