Free Business Checking
- Online banking, bill pay, and mobile deposit.
- Domestic and international wires at $3.50.
- Add users with their own entitlements.
Business · Checking
Six business accounts, compared on one page.
From a no-monthly-fee starter account to analysis checking with an earnings credit, plus IOLA/IOLTA for attorneys.
Free Business Checking
PopularNo monthly fee for businesses that keep it simple.
A no-monthly-fee business checking account for lower transaction volumes.
- Online banking, bill pay, and mobile deposit.
- Domestic and international wires at $3.50.
- Add users with their own entitlements.
Non-Profit Checking
Priced for organizations that serve the community.
Checking for qualified non-profits, with the same digital treasury tools as other business accounts.
- Documentation of non-profit status is required.
- Dual control and user entitlements included.
Premier Business Checking
More transactions. A predictable $10.
Premier Business Checking carries a $10 monthly fee and a larger allowance of deposits and paid items.
- Add Remote Deposit Capture if you still receive paper checks.
- QuickBooks export from online banking.
Commercial Analysis
An earnings credit that can offset fees.
Analysis checking with a $15 monthly fee. An earnings credit on collected balances can offset activity charges.
- Your relationship manager reviews the earnings credit rate with you. It is not interest.
- Designed for businesses and commercial customers with meaningful collected balances.
Business Money Market
Surplus cash, still available.
Business money market with a $10 monthly fee. A place for reserves you do not need in the operating account.
- Ask about fully insured money-market and CD liquidity options for balances above FDIC limits.
IOLA / IOLTA
Attorney trust accounts, handled correctly.
Interest on Lawyer Account (IOLA/IOLTA) checking for New York and Massachusetts attorneys and firms.
- Opening requires bar documentation and a completed trust-account agreement.
- Interest is paid to the applicable IOLTA program, not to the firm.
Compare
| Free Business Checking | Non-Profit Checking | Premier Business Checking | Commercial Analysis | Business Money Market | IOLA / IOLTA | |
|---|---|---|---|---|---|---|
| Monthly fee | $0 | Reduced | $10 | $15 | $10 | — |
| Transactions | Included allowance, then per item | — | — | — | — | — |
| Digital | Business online banking and bill pay | Online banking, ACH, bill pay | Full cash management menu | — | — | Online banking with entitlements |
| Debit card | Business Visa debit | Available | — | — | — | — |
| Best for | Side businesses and startups | Associations, congregations, charities | Active operating accounts | Higher-balance operating accounts | Operating reserves | Client funds |
| Eligibility | — | Qualified non-profit | — | — | — | — |
| Earnings credit | — | — | No | Yes, on collected balances | — | — |
| Wires | — | — | $3.50 domestic and international | — | — | — |
| Reporting | — | — | — | Analysis statement | — | — |
| Treasury | — | — | — | ACH, wires, positive pay | — | — |
| Interest | — | — | — | — | Yes — see Rates | Remitted to the IOLTA program |
| Access | — | — | — | — | Limited transfers back to checking | — |
| Insurance | — | — | — | — | FDIC, plus ICS® sweep options | — |
| Purpose | — | — | — | — | — | Client trust funds |
| Who | — | — | — | — | — | Attorneys and law firms |
Non-Profit Checking
- Documentation of non-profit status is required.
- Dual control and user entitlements included.
Premier Business Checking
- Add Remote Deposit Capture if you still receive paper checks.
- QuickBooks export from online banking.
Commercial Analysis
- Your relationship manager reviews the earnings credit rate with you. It is not interest.
- Designed for businesses and commercial customers with meaningful collected balances.
An earnings credit is applied against eligible fees. It is not paid out and is not a deposit rate.
Business Money Market
- Ask about fully insured money-market and CD liquidity options for balances above FDIC limits.
IOLA / IOLTA
- Opening requires bar documentation and a completed trust-account agreement.
- Interest is paid to the applicable IOLTA program, not to the firm.