| Account Type |
Benefits |
|---|
Small Business Checking
Perfect account for sole proprietors |
- $50.00 minimum to open the account
- Monthly Maintenance Service Charge - $7
- Minimum balance to avoid imposition of service charge - $1,000
- No charge for the first 100 transactions, including checks paid, ACH debits/credits, ATM/debit card activity, deposits, and deposited items
- Excess transaction fee of $.35 for each transaction in excess of 100 during a statement cycle. Transactions include checks paid, ACH debits/credits, ATM/debit card activity, deposits, and deposited items
|
Business Relationship Checking I
For businesses with low account activity |
- $50.00 minimum to open the account
- No charge for the first 200 transactions, including checks paid, ACH debits/credits, ATM/debit card activity, deposits, and deposited items
- Flat fee of $10.00 per month, waived if a $ $5,000 monthly combined checking, savings & loan balances under same TIN
- Excess transaction fee of $.35 for each transaction in excess of 200 during a statement cycle
- Transactions include checks paid, ACH debits/credits, ATM/debit card activity, deposits, and deposited items
|
Business Relationship Checking II
For businesses with moderate account activity |
- $50.00 minimum to open the account
- No charge for the first 300 transactions, including checks paid, ACH debits/credits, ATM/debit card activity, deposits, and deposited items
- Flat fee of $15.00 per month, waived if a $25,000 monthly combined checking, savings & loan balances under same TIN
- Excess transaction fee of $.35 for each transaction in excess of 300 during a statement cycle
- Transactions include checks paid, ACH debits/credits, ATM/debit card activity, deposits, and deposited items
|
Business Relationship Checking III
For businesses with high account activity |
- $50.00 minimum to open the account
- No charge for the first 600 transactions, including checks paid, ACH debits/credits, ATM/debit card activity, deposits, and deposited items
- Flat fee of $40.00 per month, waived if a $50,000 monthly combined checking, savings & loan balances under same TIN
- Excess transaction fee of $.35 for each transaction in excess of 600 during a statement cycle. Transactions include checks paid, ACH debits/credits, ATM/debit card activity, deposits, and deposited items
|
Non-Profit Checking
A cost-effective account for non-profit organizations. |
- Free checking
- $50.00 minimum balance to open an account
- No charge for the first 200 transactions, including checks paid, ACH debits/credits, ATM/debit card activity, deposits, and deposited items
- Excess transaction fee of $.35 for each transaction in excess of 200 during a statement cycle
- Transactions include checks paid, ACH debits/credits, ATM/debit card activity, deposits, and deposited items
|
Attorney’s Preferred IOLTA
Free account to manage your clients' large settlement checks, fees advanced for services not yet performed, or money to pay court fees. |
- No minimum balance requirement
- Free domestic and foreign wire transfers
- Interest paid to the Rhode Island or Connecticut Bar Association
|
