1. Business Checking
  2. Money Market
  3. Savings/CDs
  4. Business Lending
  5. Services
Business Services: Checking

Business Checking

Choose the checking account that is best for your business based on your anticipated minimum balance and your monthly transactional needs. We offer a variety of checking accounts some designed specifically to serve the needs of professionals managing service-based businesses. Features and requirements for each of our checking services are listed below. We would be pleased to help you select the account type that most efficiently services your needs. For assistance or to learn more, please contact a Client Service Representative at 617-243-4400. For your convenience, you may also open or change an account online 24/7 using our Online Concierge. See the links below.

Type of Account What's In It For You Account Requirements

Plus Business Checking

For businesses with low monthly checking activity

Open Account

  • Free transactions up to 250 items per month (15¢ per item after)
  • Free online banking and bill pay
  • Free coin and currency deposits
  • Free ATM withdrawals at any of over 1,500 SUMSM participating network ATM machines in Massachusetts and even more across the U.S.
  • Free monthly electronic statement
  • No minimum balance
  • No monthly maintenance fee

Premier Business Checking

For businesses with moderate monthly checking activity

Open Account

All of the Above Plus

  • Free Personal Premier Checking account for business owners and signers
  • Free transactions up to 500 items per month (15¢ per item after)
  • Discounted payroll services
  • Discounted remote deposit capture equipment
  • Free monthly electronic or paper statement
  • Reduced Wire Transfer Fee
  • No monthly maintenance fee with a combined relationship balance of $5,000 or greater; $15/month otherwise

Platinum Business Checking

For businesses with moderate to heavy monthly checking activity

Open Account

All of the Above Plus

  • Free Personal Platinum Checking account for business owners and signers
  • Free transactions up to 750 items per month (15¢ per item after)
  • Free optional sweep feature into Business Plus Savings
  • No monthly maintenance fee with combined relationship balance of $40,000 or greater; $40/month otherwise
  • Free sweep feature requires an average monthly checking account balance of $40,000 or greater

Analysis Checking

For businesses with a very high level of monthly checking activity

  • A detailed analysis of your business banking activity and a customized program to accommodate your needs
  • An option for larger businesses with more than 750 transactions per month

Professional Advantage

An account created for attorneys, CPAs, and medical professionals

Contact a Client Service Representative at 617-243-4400.

All of the Above Plus

  • Free Personal Premier Checking account
  • Free transactions up to 250 items per month (15¢ per item after)
  • Discounted payroll services
  • Discounted remote deposit capture equipment
  • Free online banking and bill pay
  • Free coin and currency deposits
  • Free ATM withdrawals at any of over 1,500 SUMSM participating network ATM machines in Massachusetts and even more across the U.S.
  • Reduced wire transfer fee
  • Free monthly electronic statement
  • Lawyers, CPAs, and medical professionals
  • No minimum balance
  • No monthly maintenance fee

IOLTA

An account designed specifically for attorneys

All of the Above Plus

  • No incoming and outgoing wire fees
  • Free online banking and bill pay
  • Free monthly electronic or paper statements
  • No minimum balance
  • No monthly maintenance fee

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE 
FOR TRANSACTION ACCOUNTS

All funds in “noninterest-bearing transaction accounts” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010 through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.

The term “noninterest-bearing transaction accounts” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.

Online Concierge