Additional Services

Night Depository

StonehamBank understands life can be hectic and that your business hours may not align with ours. Make deposits after hours at any of our locations using our Night Depository service.

Drive-Thru Banking

When you are in transit from point A to point B, our Drive-Thru windows are a quick pitstop. Take care of routine transactions without leaving your vehicle and be back on the road in minutes.

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Commercial Sweep

Instead of letting your business' excess funds sit idly in a low interest account, utilize Commercial Sweep to efficiently maximize earnings while keeping cash accessible.

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  • Automated process is an efficient way to manage your cash flow and increase earnings on idle funds
  • Minimum balance requirements and sweep thresholds apply
  • View account activity online 24/7 with Online Banking
  • Funds are available to use the next day
  • Excess funds in your business checking account are swept into an overnight investment2 and returned to your StonehamBank checking the next day

2Overnight investments are not deposits of StonehamBank. They are not guaranteed by the Bank and are not insured by the FDIC or any federal government agency. These products are subject to investment risk, including the possible loss of value.

2 Overnight investments are not deposits of StonehamBank. They are not guaranteed by the Bank and are not insured by the FDIC or any federal government agency. These products are subject to investment risk, including the possible loss of value.

For more information about Commercial Sweep, please contact our Cash Management Department or Team at 781-481-5757 or by email at .

All products and fees are subject to change without notice.

1Up to six preauthorized transfers per statement cycle. Over six preauthorized transfers $10 each.

Business Overdraft

Link your business checking account to a revolving line of credit and eliminate the worry of overdrawing from your account while ensuring your credit is protected.

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  • Revolving line of credit linked to your business checking account
  • Eliminate checking overdraft fees and charges
  • Protects your credit
  • Minimum payment deducted automatically
  • Funds become available to reuse once paid
  • Operate your business more efficiently with this cash flow tool

For more information about Business Overdraft, please contact our Cash Management Department or Team at 781-481-5757 or by email at .

All products and fees subject to change without notice. Subject to credit approval.

Paychex Payroll Services

Give your employees instant access to their earnings each payday. This secure, convenient method of depositing payroll can ease your workload, help ensure payroll compliance, and reduce related expenses.

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  • Provides employees with Direct Deposit benefit
  • Automates payroll
  • Check signing, stuffing and delivery, or direct deposit
  • Ensures payroll/tax compliance
  • Comprehensive management reporting
  • W-2, 1099, and year-end documentation prep
  • Flexible payroll reporting options: phone, fax, or online
  • Reduces costs related to printing, signing, and storing checks
  • Eliminates possibility of payroll process check fraud
  • Reallocate your resources to revenue-generating activities

For more information about Paychex Payroll Services, please contact our Cash Management Department or Team at 781-481-5757 or by email at .

All products and fees are subject to change without notice.

Credit Card Merchant Services

In our digitally-driven world, accepting electronic payments is essential. Increase sales, decrease operating expenses, and improve customer service by accepting most major credit cards from your customers.

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  • Most major credit cards accepted
  • Competitive fee structure
  • Electronic deposit and charge back processing
  • Same day funding
  • Easy-to-read monthly statements
  • Online statements and report generation
  • In depth point-of-sale training

For more information about credit card merchant services, please contact our Cash Management Department or Team at 781-481-5757 or by email at .

All products and fees are subject to change without notice.

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Deposit a check, find free ATMs, check your balance, transfer funds, view recent transactions, and even pay bills, all from the palm of your hand.

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