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Business Basic 100 Checking
The first 100 transactions of each statement period are included for a flat monthly fee of just $10, which is waived if an average collected balance of $10,000 is maintained in a business checking or savings account with the same tax ID number. Each transaction over the allowance is $.30.
Business Basic 200 Checking
Need a higher account activity level? The account allows up to 200 transactions each statement period for a monthly fee of $17, which is waived if an average collected balance of $20,000 is maintained in a business checking or savings account with the same tax ID number. Each transaction over the allowance is $.30.
Commercial Checking
This account allows as many transactions – including checks, deposits, and/or withdrawals – as necessary. There are no minimum balance requirements. Instead, you receive an earnings credit allowance based on the available collected balance in your account. This allowance is used to offset all or part of the activity fees associated with your account.
Compare all business checking accounts
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Business Basic
100 Checking
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Business Basic
200 Checking
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Commercial Checking
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Who It’s For
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Smaller businesses or sole proprietors with low transaction volume
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Businesses with fewer than 200 transactions per month
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Businesses with high transaction volume
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Monthly Service Fees
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$10.00
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$17.00
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$15.00
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Monthly Transactions with No Added Cost
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100
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200
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None
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Cost of Additional Transactions
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$0.30
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$0.30
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$0.15 per check paid
$0.75 per deposit
$0.10 per deposited item
$0.10 per ACH debit or credit
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Option to Waive Maintenance Fee
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Maintain average collected balance of $10,000 in a business savings or checking with the same Tax ID number
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Maintain average collected balance of $20,000 in a business savings or checking with the same Tax ID number
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Earnings credit per $100 average monthly collected balance may be used to offset monthly service fees
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Debit BusinessCard® with No Annual Fee
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Business Statement Savings Account
Open a Business Statement Savings Account at South Shore Savings Bank and start saving for your small business needs or unexpected expenses today!
Business Money Market Account
Our Business Money Market Account is the perfect complement to your Business Checking Account. Transfer idle cash from Business Checking to a Business Money Market Account, and write up to three checks a month if you choose.
Bank at Work Program
This special program is designed to help you attract and retain employees. Bank at Work offers special banking rewards to you, your company, and your employees at no cost!
Rewards for your employees
- No Service Fee Checking with Direct Deposit
- $50.00 Bonus Credited to Your Checking Account 1
- First Order of Standard Checks Free
- 5 Free non–SSSB ATM Transactions Per Month 2
- Free Statement Savings Account
- Free First-Year Safe Deposit Box Rental 3
- Consumer Loan Automatic-Payment Discount of 1% 4
- Equity Loan Automatic-Payment Discount of 0.5% 4
- $350.00 Off Mortgage Closing Costs 5
- Free Mortgage Pre-Approvals
1 $50.00 one-time bonus deposited to your checking account when direct deposit is received. Not to be combined with other offers or promotions. Valid for new checking account customers only, one checking account per customer. Bonus may be taxable by the IRS. Bonuses paid within 90 days of account opening.
2 Surcharges may be assessed by other institutions for use of their ATM.
3 Up to 3” x 5” size ($25.00 value), where available
4 Qualified Applicants Only
5 Not redeemable for cash
Rewards for your company
- Waiver of Merchant Services Application Fee 6
- Free Easy Choice Direct Deposit Processing 7
- One Time Waiver of Annual Line of Credit Renewal Fee 8
6 $50.00 value
7 EasyChoice direct deposit is a service of PayChoice
8 Maximum Value of $100.00
Owner Benefits
- Free Three-To-A-Page Commercial Check Order Value Pack 9
- 0.25% Over Our Posted Rate When Opening a New Fixed Rate Certificate of Deposit 10
9 Maximum Value of $59.95, Not redeemable for cash. First order only.
10 The interest rate bonus does not apply to specials, or to CDs greater than $100,000.00.
Your Deposits are Insured in Full
All deposits at South Shore Savings Bank are insured in full. On October 3, 2008, Federal Deposit Insurance Corporation (FDIC) deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2009. Deposit Insurance Fund (DIF) insures all deposits above these amounts.
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Equal Housing Lender Member FDIC Member DIF
