Compare Checking Accounts
Find the account that will best accommodate the day-to-day financial needs of your business.
| Features | Basic Business Checking | Premier Business Checking | Municipal Interest Checking | IOLTA |
|---|---|---|---|---|
| Minimum to Open | $100 | $100 | $100 | $100 |
| No Monthly Maintenance Charges or Fees | ||||
| Earns Interest | ||||
| ATM/Debit Card | ||||
| Online Banking | ||||
| Mobile Banking |
Basic Business Checking
Our most basic business checking account is available to businesses of all types. It has no monthly service charges, but still gives you access to convenient banking benefits and services. This account is suitable for Corporations/LLC, Partnerships/LLP, Sole Proprietor/DBA and Non Profit organizations.
- No minimum monthly balance requirement
- No monthly service charges
- Unlimited check writing
- Free business debit card
- FREE Online Business Banking
- $100 minimum to open
Premier Business Checking (with Interest)
Earn tiered interest rates based on your monthly balance. As the balance grows over time, you’ll earn a more competitive return. Plus, with no minimum balance requirements, you won't have to worry about fees. Corporations/LLC, Partnerships/LLP, Sole Proprietor/DBA and Non Profit organizations can utilize this account.
- A tiered interest rate is paid based on monthly balance
- No monthly service charge
- Unlimited check writing
- Free business debit card
- FREE Online Business Banking
- $100 minimum to open
Interest on Lawyers Trust Account (IOLTA)
Keep Attorney/Client money separate from a regular business account with this designated account. Interest earned on this account is remitted to the Massachusetts State Bar.
- Monthly statement received
- $6 monthly handling fee
- Interest credited quarterly
- Interest earned - minus the $6 handling fee - is submitted to the Massachusetts Bar Association quarterly
- Attorney submits an Attorney Enrollment Notice to the Massachusetts IOLTA Committee
- $100 minimum to open
