FDIC-Insured – Backed by the full faith and credit of the U.S. Government
Checking
Accounts designed to grow with your business.
FREE BUSINESS CHECKING |
NON-PROFIT CHECKING |
PREMIER BUSINESS CHECKING |
COMMERCIAL ANALYSIS CHECKING |
BUSINESS MONEY MARKET |
IOLA/IOLTA ACCOUNT |
|
|---|---|---|---|---|---|---|
MONTHLY MAINTENANCE FEE |
NA |
NA |
$10 |
$15 |
$10 |
NA |
REQUIREMENT WAIVE MONTHLY MAINTENANCE FEE |
NA |
NA |
$3,500 average monthly balance |
Earnings credit can be used to offset monthly service fees¹ |
$2500 average monthly balance |
NA |
EARNS INTEREST |
NA |
NA |
✓ |
NA |
✓ |
✓ |
FREE ATM/VISA DEBIT CARD2 |
✓ |
✓ |
✓ |
✓ |
✓ |
NA |
FREE ONLINE BANKING WITH BILLPAY |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
E-STATEMENTS AVAILABLE |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
TRANSACTIONS LIMITATIONS³ |
NONE |
NONE |
NONE |
NONE |
NONE |
NONE |
1 Earnings credit will be calculated using an internal index during the statement cycle.
2 Foreign ATM transaction fees may apply to cash withdrawals.
3 A transaction includes: debits, credits, and items deposited per monthly statement cycle.
4 The interest rate and annual percentage yield (APY) that we pay may change at any time. Contact us at (800) 287-7500 for current rates.
Free Business Checking
NECB's Free Business Checking account is a basic checking account that is excellent for your small business — with no monthly maintenance fee, no minimum balance requirement, and no monthly transaction limitations.
Non-Profit Checking
A free account that allows not-for-profit businesses to focus on their missions and forget about fees. The account features a Business ATM/Visa Debit Card and can be used for online banking. There are no transaction limitations.
Premier Business Checking
An easy and efficient way to manage your business banking relationship while you’re earning interest, the Premier Business Checking account is designed for a customer's moderate transaction volume, with an average monthly balance of just $3,500 to waive the low monthly maintenance fee(s).
Commercial Analysis Checking
Commercial Analysis Checking with account analysis is a cost-effective account designed for businesses that have larger transaction volumes and need to utilize a full range of business banking services. It offers the ability to use account balances to offset some or all monthly fees through earnings credits.
IOLA/IOLTA Account
Interest on Lawyers Trust Accounts are specifically designed for law firms and practitioners that are required to hold funds on behalf of their clients. There are no regular monthly maintenance fees. IOLA (NY) and IOLTA (MA) are interest-bearing accounts, but the interest is pooled and provides the money for grants to non-profit civil legal services providers in-state.
Business Money Market Account
This account allows your business to earn interest on savings balances, and you can draw checks on the account. Just keep an average monthly balance of $2,500 to avoid the low $10 monthly maintenance fee. The Business Money Market account features a variable interest rate than can change at any time.