Business Checking Accounts
BusinessChoice is our line of business checking accounts. Designed to provide great value and flexibility, BusinessChoice is the best choice for your growing business.
BusinessChoice
|
I |
II |
III |
| Minimum to open |
$10 |
$10 |
$10 |
| Daily average collected minimum to avoid monthly fee |
NA |
$7,500 |
$15,000 |
| Monthly fee |
$0 |
$10 |
$15 |
| Monthly items/Transactions free up to |
100 |
200 |
300 |
| Over item fee |
$.50 |
$.50 |
$.50 |
| Bill pay |
$5 |
Free |
Free |
| Small business credit line |
Available |
Available |
Available |
| ATM/Debit Card |
Available |
Available |
Available |
| Initial Check Order |
None |
$25 credit |
$50 credit |
Business Analysis Checking
Our traditional business checking account, utilized by higher transaction volume customers, features low service fees including: $10 monthly service fee, $.50 per deposit, $.09 per deposited item, $.16 per check written. Offset by an earnings credit on average collected balances of just $100 or more, this account can be free of charge with sufficient balances.
On-Site Deposit
On-Site Deposit, our remote deposit capture service, utilizes a desktop scanner that connects to your business computer and the Internet. With it, you can conveniently scan checks received from customers and securely issue deposits electronically to the bank, anytime day or night. It's the quickest way to turn check deposits into cash. A monthly fee is charged for this convenient service.
To open a Business Checking Account, visit any Stoneham Savings Bank branch. For Commercial and Small Business Loans, call Stoneham Savings Bank's Commercial Banking Center at 781-279-8986 extension 254.
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