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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.
 

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

View options

View options

View options

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.

•  Discounts on merchant and payroll services

•  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.

 

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

View options

View options

View options

Cash Reserve Line of Credit available

X

X

X

Ability to link a savings account and make fund transfers

X

X

X


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








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

View options

Eastern TreasuryConnect®

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

•  Discounts on merchant and payroll services

•  No fee to use other banks’ ATMs – and reimbursement of other banks’ surcharges 4

Access to a wealth of cash management services


1. Certain exclusions apply. Visit an Eastern Bank branch or call 1-800-333-8000 for details.


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

3. Fees may be offset in whole or in part by earnings credit generated from your account balances.

4. Up to 10 per month.