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.

Most popular

	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	None	$18	$50
Minimum balance to waive fee	N/A	$20,000 minimum daily balance	$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	Business deposit balances 2
Online banking with bill pay	Eastern Business Banking^TM	Eastern Business Banking^TM	Eastern Business Banking^TM
Cash Reserve Line of Credit available	X	X	X
Ability to link a savings account and make fund transfers	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

Transactions include checks paid, ACH debits, ATM withdrawals, debit card/point-of-sale transactions and deposited items.
Certain exclusions apply. See a Business Banking Officer or call 1-800-333-8000 for details.
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 Banking^TM	Eastern Business Banking^TM	Eastern Business Banking^TM
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 balances¹	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 Banking^TM	Eastern Treasury^TM
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.

Other Accounts

Other Accounts