Get More Out of Your Personal Deposit Account!
CashFlow Connect Business Online Banking DemoOur business checking accounts are designed with your business needs in mind. They deliver the payment and money management services you need, with the flexibility to grow as your business grows. Regardless of the size or nature of your business, we have the right solutions to fit your purchasing and money management needs. Our checking account options make it easy to manage your money so you can focus your time on managing your business.
Compare Business Checking Accounts
| Community Checking | Business Checking | Business Premier Checking | |
|---|---|---|---|
| What Do You Need? | A checking account tailored to special purpose needs (estates and trusts), non-profits, and charitable 501(c)(3) organizations. | A checking account well suited to support small businesses. | A checking account for small to mid-sized businesses that have a higher volume of daily cash flow activity. |
| Minimum Opening Deposit | $100 | $100 | $500 |
| Minimum Average Monthly Balance Required | $1,000 | $1,000 | $5,000 |
| Monthly Maintenance Fee (When your balance falls below the required minimum average monthly balance) | $10 | $15 | $25 |
| Interest Bearing | Interest earning available for Trust Accounts Only1 | — | Minimum daily balance of $500 required to earn disclosed annual percentage yield (APY). Click here for rate details. |
| Deposit/Withdrawal Limitations | 150 ($0.25 per transaction over monthly limit) |
200 ($0.25 per transaction over monthly limit) |
250 ($0.25 per transaction over monthly limit) |
| Daily (Business Day) Cash Deposit Limit | $5,000 (cash over-limit fee: $0.10 per $100) |
$5,000 (cash over-limit fee: $0.10 per $100) |
$10,000 (cash over-limit fee: $0.10 per $100) |
Business Tools For Efficient Account Management
EasternEase Business Online Banking
Your Business Checking Account comes with our array of digital banking tools available 24/7 through EasternEase Business Online and Mobile Banking. You have access to a suite of tools to manage your funds, pay bills, transfer funds, create and manage account alerts, view statements, and more.2
Remote Deposit Capture
Simplify your check deposit activity. Remote deposit capture gives you the ability to deposit multiple checks at once without traveling to a branch. Complete your check deposits in a matter of minutes.3
Positive Pay
Positive Pay is a powerful tool to help your business detect and prevent check fraud by allowing users to examine checks and make decisions to pay or return them. It matches posted check information with check issue items like serial number and amount, then creates exceptions if discrepancies are found.3
Sweep Account Protection
Your business cash flow can be in flux daily, and despite your best account management, mistakes may happen where funds are not available to cover a payment. Reduce the risk of bounced payments and associated NSF fees by adding Sweep Account Protection to your account as overdraft protection. In the event of funds not being available, we’ll automatically sweep funds from another ESB savings or checking account to cover the transaction.3,4
Wire Transfer Services
Securely move money with ease by setting up and sending one time or reoccurring domestic wire transfers, with same day delivery if submitted by daily cut-off time.3
Contact Us To Discuss Your Business Banking Needs
Disclosures
Account Restrictions Apply. Please click here for the Business Accounts disclosure.
1 Community checking accounts held for Trusts are eligible to earn interest. A minimum daily balance of $500 is required to earn the disclosed annual percentage yield (APY).
2 You must have an existing user account with EasternEase Business Online Banking (web) to utilize the EasternEase Business Mobile App, eStatements or Bill Pay services. Not all digital banking services and features are available in the mobile banking app. Subject to availability requirements. Setup and/or service fees may apply for individual services. See Service and Fees Schedule for details.
3 The availability of some services is subject to approval by Eastern Savings Bank, fsb. Offer of credit is subject to credit approval. Additional charges apply. See the Business Services and Fees Schedule or specific account agreement for more information.
4 A nominal one-time setup fee applies for enrollment in Sweep Account Protection service. Consult with a representative or review the Business Banking fee schedule for details.