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Welcome to South Shore Bank > Commercial Lending > Deposit Services - Commercial

Deposit Services

We know that one business checking account does not fit all. That is why our flexible accounts are designed to give you options and choices so you can select the right checking account for your business needs.

Business Checking Account

Our Business Checking Account is perfect for small businesses or sole proprietors with low to moderate transaction volume. There is no monthly service fee and no charge for the first 300 transactions.* Each additional transaction is $.50.

Business Platinum Checking Account

Are you looking for a higher transaction* allowance with added benefits? Our Business Platinum Checking Account allows 500 transactions per month. Each additional transaction is $.50. The monthly service fee of $40.00 is waived by maintaining an average balance of $40,000 in the account.

Commercial Checking Account

Our Commercial Checking 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.

Want to know which checking account is best for your business?

Click here to compare the benefits of our Business Checking Accounts

 

Business Checking Account

Business Platinum Checking Account

Commercial Checking Account

Who It’s For

Smaller businesses or sole proprietors with low to moderate transaction volume

Businesses with either moderate to high transaction volume who want additional benefits.

Businesses with high transaction volume

Monthly Service Fees

$0

$40.00

$15.00

Monthly Transactions with No Added Cost

300

500

None

Cost of Additional Transactions*

$0.50

$0.50

$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

N/A

Maintain average balance of $40,000.

Earnings credit per $100 average monthly collected balance may be used to offset monthly service fees

Debit BusinessCard® with No Annual Fee

 

 

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Free Online Banking, Bill Pay, and e-Statements Check Box Check Box Check Box
Free Checking Account for Business Owner Check Box Check Box Check Box
Premier Money Market Rate on balances above $250,000   Check Box Check Box

*Transactions include deposit, deposited items, checks paid, ACH debit and credit, ATM/POS.

Business Savings Accounts

Business Statement Savings Account

Open a Business Statement Savings Account at South Shore Bank and start saving for your small business needs or unexpected expenses today!

A monthly service fee of $3.00 will be charged if balance falls below $2,000.

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.

A monthly service fee of $5.00 will be charged if balance falls below$5,000.

Business Platinum Money Market Account

Our Business Platinum Money Market Account is great for those who have a Business Platinum Checking or a Commercial Checking Account at South Shore Bank and want to earn a higher rate on balances of $250,000 or more. Plus, you can write up to 6 checks per month if you choose.



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