South Shore Savings Bank : Small Business Banking : Deposit Services

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Deposit Services

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.

Which business checking account is best for your business?

	Business Basic 100 Checking	Business Basic 200 Checking	Commercial Checking
Who It’s For	Smaller businesses or sole proprietors with low transaction volume	Businesses with fewer than 200 transactions per month	Businesses with high transaction volume
Monthly Service Fees	$10.00	$17.00	$15.00
Monthly Transactions with No Added Cost	100	200	None
Cost of Additional Transactions	$0.30	$0.30	$0.15 per check paid $0.75 per deposit $0.10 per deposited item $0.10 per ACH debit or credit
Option to Waive Maintenance Fee	Maintain average collected balance of $10,000 in a business savings or checking with the same Tax ID number	Maintain average collected balance of $20,000 in a business savings or checking with the same Tax ID number	Earnings credit per $100 average monthly collected balance may be used to offset monthly service fees
Debit BusinessCard® with No Annual Fee

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 Insurace 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.