Free Business Checking
- Free online banking with bill pay.
- eStatements.
A transaction includes debits, credits, and items deposited in the statement cycle. Foreign ATM fees may apply.
Business · Checking
Six business accounts.
Free Business Checking and Non-Profit Checking have no monthly fee. Premier and Business Money Market earn interest. Commercial Analysis uses an earnings credit. IOLA and IOLTA hold client funds.
Free Business Checking
No monthly maintenance fee.
Basic business checking with no monthly maintenance fee, no minimum balance, and no monthly transaction limitations.
- Free online banking with bill pay.
- eStatements.
Non-Profit Checking
No monthly maintenance fee.
A free checking account for not-for-profit businesses, with no transaction limitations.
- eStatements are available.
- Documentation the bank requires to open the account is not published.
Premier Business Checking
Interest, with a $10 fee that can be waived.
Interest-bearing checking for a moderate transaction volume. A $3,500 average monthly balance waives the $10 maintenance fee.
- Free online banking with bill pay and eStatements.
- Call (800) 287-7500 for the current rate.
Commercial Analysis Checking
An earnings credit can offset fees.
Analysis checking for larger transaction volumes. Balances can offset some or all monthly fees through an earnings credit. The account does not earn interest.
- The earnings credit is calculated using an internal index during the statement cycle.
- It is not a deposit rate.
Business Money Market
Interest, and you can draw checks.
A business money market with a variable rate. A $2,500 average monthly balance avoids the $10 monthly maintenance fee.
- The rate can change at any time.
- Call (800) 287-7500 for current rates.
IOLA / IOLTA
Client trust funds for lawyers.
Interest on Lawyer Trust Accounts for law firms and practitioners who must hold client funds. No regular monthly maintenance fee.
- IOLA is the New York account and IOLTA is the Massachusetts account.
- Interest is pooled and provides grants to in-state nonprofit civil legal services providers.
Compare
| Free Business Checking | Non-Profit Checking | Premier Business Checking | Commercial Analysis Checking | Business Money Market | IOLA / IOLTA | |
|---|---|---|---|---|---|---|
| Monthly fee | None | None | $10 | $15 | $10 | None |
| Minimum | None | — | — | — | — | — |
| Interest | None | None | Yes — rate not published | None | Yes — rate not published | Yes — pooled for legal-aid grants |
| Debit card | Free ATM/Visa debit | Business ATM/Visa debit | Free ATM/Visa debit | Free ATM/Visa debit | Free ATM/Visa debit | Not included |
| Transactions | No monthly limit | No limit | No monthly limit on the comparison table | No monthly limit on the comparison table | — | — |
| Online banking | — | Yes | — | — | — | Bill pay included |
| Fee waiver | — | — | $3,500 average monthly balance | — | $2,500 average monthly balance | — |
| Earnings credit | — | — | — | Can offset monthly service fees | — | — |
| Checks | — | — | — | — | Yes | — |
| eStatements | — | — | — | — | — | Available |
Non-Profit Checking
- eStatements are available.
- Documentation the bank requires to open the account is not published.
Premier Business Checking
- Free online banking with bill pay and eStatements.
- Call (800) 287-7500 for the current rate.
Commercial Analysis Checking
- The earnings credit is calculated using an internal index during the statement cycle.
- It is not a deposit rate.
Business Money Market
- The rate can change at any time.
- Call (800) 287-7500 for current rates.
IOLA / IOLTA
- IOLA is the New York account and IOLTA is the Massachusetts account.
- Interest is pooled and provides grants to in-state nonprofit civil legal services providers.