Whatever the size of your business, Eastern Federal Bank offers a checking account designed to meet your needs.

All our business checking accounts include: Free Online Banking Free Business Debit MasterCard™ available 24-Hour Telephone Access

Free Small Business Checking

For businesses that perform a low to moderate number of transactions and don't want to maintain a minimum balance or pay a monthly fee.

• No minimum balance requirement
• No monthly maintenance fee
• First 100 items free each statement cycle, then $0.35 per item thereafter (items include cleared checks, deposit tickets, and deposited items)
• Free Online Banking
• Free Business Debit MasterCard™ available
• $25 minimum opening deposit

Small Business Checking with Interest

An interest bearing account for sole proprietors and non-profit organizations

• Earn interest which is paid monthly
• First 100 items free each statement cycle, then $0.35 per item thereafter (items include cleared checks, deposit tickets, and deposited items)
• Minimum balance of $5,000 in checking account or $10,000 in combined business deposit balances to avoid $12 monthly maintenance fee
• Free Online Banking
• Free Business Debit MasterCard™ available
• $25 minimum opening deposit

Business Advantage Checking

An account designed to offer special benefits to businesses that mantain multiple deposit relationships with us

• First 200 items free each statement cycle, then $0.35 per item thereafter (items include cleared checks, deposit tickets, and deposited items)
• Minimum balance of $10,000 in †combined business deposit balances to avoid $15 monthly maintenance fee
• Free Online Banking & Bill pay
• Preferred rate BusinessAdvantage savings
• Free ATM withdrawals ^*
• Free RewardsPlus Checking for business owners
• Free Business DebitMastercard™ available
• $25 minimum opening deposit

Commercial Checking

For businesses with greater banking needs. Benefit from an earnings credit that can help offset or eliminate monthly fees and other service charges.

• No minimum balance requirement
• Earnings credit may offset fees
• $12.00 Monthly Maintenance Fee
• $0.15 per item paid
• $0.12 per item deposited
• $0.35 per deposit ticket
• Free Online Banking
• Free Business Debit MasterCard™ available
• Sweep Services Available
• ACH Origination Available
• Online Bill Pay Available
• $25 minimum opening deposit

IOLTA and IORETA

For attorneys and realtors to maintain client escrow accounts.

• Earns interest which is paid to either the Connecticut Bar Foundation or Connecticut Housing Authority, as appropriate
• No minimum balance requirement
• No monthly maintenance fee
• No transaction charges
• $25 minimum opening deposit

*Owners and operators of non-Eastern Federal Bank ATM's may impose a fee for use
†Balances from IOLTA/IORETA excluded

Rates

Contact Us