Checking

Optimum Business Checking

Businesses of all sizes, with diverse financial backgrounds, can all access the competitive suite of Optimum Business Checking benefits. You will receive the highest benefit level available to you - automatically - based upon combined account balances and your transaction volume.

View Optimum Benefit Levels

Level I

Average Monthly Checking Balance Minimum:$0
- or -
Average Combined Balance Minimum1:$0
- or -
Average Commercial Loan or Line of Credit Balance:$0
- AND -
Minimum Monthly Transaction Volume:$0

You get:

  • 250 Free Monthly Transactions2
  • Free Mobile Banking with Mobile Deposit3
  • Free Debit Card
  • Free Unlimited Point of Sale Transactions
  • Free Consumer Online Banking & Bill Pay
  • $50 Initial Check Order Maximum Refund

Optimum benefits subject to change. No more than 99 business checking accounts, 99 certificate of deposit accounts, or 99 business savings accounts, including business money market accounts.

Please refer to the business fee schedule for other fees that may apply to business deposit accounts. All products and fees subject to change without notice.

1 Average Combined Balance Minimum refers to the average monthly balance of business deposit accounts sharing the same reporting Tax ID number as your Optimum Business Checking anchor account.

2 Transactions include, but are not limited to, deposits, deposited items, checks paid, ATM, POS, and ACH transactions. $0.30 per transaction over the stated limit (excludes Debit Card purchases).

3 Subject to approval.

Level II

Average Monthly Checking Balance Minimum:$2,500
- or -
Average Combined Balance Minimum1: $50,000
- or -
Average Commercial Loan or Line of Credit Balance:$100,000
- AND -
Minimum Monthly Transaction Volume:

You get:

  • 350 Free Monthly Transactions2
  • Free Mobile Banking with Mobile Deposit3
  • Free Debit Card
  • Free Unlimited Point of Sale Transactions
  • Free Consumer Online Banking & Bill Pay
  • $150 Initial Check Order Maximum Refund
  • $10 Monthly Maintenance Fee Waived
  • Business Online Banking Level I
  • Free Foreign ATM Transactions4

Optimum benefits subject to change. No more than 99 business checking accounts, 99 certificate of deposit accounts, or 99 business savings accounts, including business money market accounts.

Please refer to the business fee schedule for other fees that may apply to business deposit accounts. All products and fees subject to change without notice.

1 Average Combined Balance Minimum refers to the average monthly balance of business deposit accounts sharing the same reporting Tax ID number as your Optimum Business Checking anchor account.

2 Transactions include, but are not limited to, deposits, deposited items, checks paid, ATM, POS, and ACH transactions. $0.30 per transaction over the stated limit (excludes Debit Card purchases).

3 Subject to approval.

4 Applies to charges to using non-StonehamBank ATMs within the United States. Fees for international use may apply.

Level III

Average Monthly Checking Balance Minimum:$50,000
- or -
Average Combined Balance Minimum1:$100,000
- or -
Average Commercial Loan or Line of Credit Balance:$250,000
- AND -
Minimum Monthly Transaction Volume:10

You get:

  • 500 Free Monthly Transactions2
  • Free Mobile Banking with Mobile Deposit3
  • Free Debit Card
  • Free Unlimited Point of Sale Transactions
  • Free Consumer Online Banking & Bill Pay
  • $150 Initial Check Order Maximum Refund
  • $10 Monthly Maintenance Fee Waived
  • Business Online Banking Level I
  • Business Online Banking Level II (ACH WIRE Module)
  • Free Remote Deposit Capture3
  • Stop Payment Fees Refunded: Up to 3/Month
  • Wire Fees Refunded: Up to 3/Month
  • Bonus Savings and Money Market Rate
  • Free Foreign ATM Transactions4

Optimum benefits subject to change. No more than 99 business checking accounts, 99 certificate of deposit accounts, or 99 business savings accounts, including business money market accounts.

Please refer to the business fee schedule for other fees that may apply to business deposit accounts. All products and fees subject to change without notice.

1 Average Combined Balance Minimum refers to the average monthly balance of business deposit accounts sharing the same reporting Tax ID number as your Optimum Business Checking anchor account.

2 Transactions include, but are not limited to, deposits, deposited items, checks paid, ATM, POS, and ACH transactions. $0.30 per transaction over the stated limit (excludes Debit Card purchases).

3 Subject to approval.

4 Applies to charges to using non-StonehamBank ATMs within the United States. Fees for international use may apply.

Level IV

Average Monthly Checking Balance Minimum:$100,000
- or -
Average Combined Balance Minimum1:$250,000
- or -
Average Commercial Loan or Line of Credit Balance:$500,000
- AND -
Minimum Monthly Transaction Volume:10

You get:

  • Unlimited Free Monthly Transactions2
  • Free Mobile Banking with Mobile Deposit3
  • Free Debit Card
  • Free Unlimited Point of Sale Transactions
  • Free Consumer Online Banking & Bill Pay
  • $200 Initial Check Order Maximum Refund
  • $10 Monthly Maintenance Fee Waived
  • Business Online Banking Level I
  • Business Online Banking Level II (ACH WIRE Module)
  • Business Online Banking Level III (ACH File Upload)
  • Free Remote Deposit Capture3
  • Stop Payment Fees Refunded: Up to 3/Month
  • Wire Fees Refunded: Unlimited
  • Bonus Savings and Money Market Rate
  • Free Foreign ATM Transactions4

Optimum benefits subject to change. No more than 99 business checking accounts, 99 certificate of deposit accounts, or 99 business savings accounts, including business money market accounts.

Please refer to the business fee schedule for other fees that may apply to business deposit accounts. All products and fees subject to change without notice.

1 Average Combined Balance Minimum refers to the average monthly balance of business deposit accounts sharing the same reporting Tax ID number as your Optimum Business Checking anchor account.

2 Transactions include, but are not limited to, deposits, deposited items, checks paid, ATM, POS, and ACH transactions. $0.30 per transaction over the stated limit (excludes Debit Card purchases).

3 Subject to approval.

4 Applies to charges to using non-StonehamBank ATMs within the United States. Fees for international use may apply.

DBA Value Checking

DBA Clients (Doing Business As) and Sole Proprietors can utilize a designated account for business-related transactions while also having access to a collection of convenient services.

View All Features

  • Unlimited transaction volume
  • Online Banking with Bill Pay available
  • Business Debit Card available
  • Free Mobile Banking with Mobile Capture
  • Free unlimited point of sale ATM transactions
  • Introductory check order credit of up to $2001
  • Bonus Savings and Money Market Rate when requirements are met2
  • Stop payment fees refunded when requirements are met3
  • Free Remote Deposit Capture when requirements are met2
  • Wire fees refunded when requirements are met3
  • $10 monthly maintenance fee (waived with an average combined deposit balance of $3,000 in personal and DBA Value accounts)

Please refer to the Business Fee Schedule for other fees that may apply to business deposit accounts. All products and fees subject to change without notice. Combined Statement requires all accounts to have the same tax ID number on each account. Combined balances calculated on monthly average.

1Receive a $200 credit by maintaining an average monthly checking balance minimum of $100,000, or average combined balance minimum (*1) of $250,000, or average commercial loan or line of credit balance of $1,000,000 and a minimum monthly volume of 10 transactions. Receive a $150 credit by maintaining an average monthly checking balance minimum of $2,500, or average combined balance minimum (*1) of $50,000, or average commercial loan or line of credit balance of $250,000. Receive a $50 credit if you do not meet the minimums stated above.

2Receive a bonus savings and money market rate and/or free remote deposit capture by maintaining an average monthly checking balance minimum of $50,000, or average combined balance minimum (*1) of $100,000, or average commercial loan or line of credit balance of $500,000 and a minimum monthly volume of 10 transactions.

3Get up to 3 stop payment fees or wire fees refunded each month by maintaining an average monthly checking balance minimum of $50,000, or average combined balance minimum (*1) of $100,000, or average commercial loan or line of credit balance of $500,000 and a minimum monthly volume of 20 transactions. Get unlimited stop payment fees or wire fees refunded by maintaining an average monthly checking balance minimum of $100,000, or average combined balance minimum (*1) of $250,000, or average commercial loan or line of credit balance of $1,000,000 and a minimum monthly volume of 10 transactions.

(*1) Average Combined Balance Minimum refers to the average monthly balance of business deposit accounts sharing the same reporting Tax ID number as your Optimum Business Checking anchor account.

Non-Profit Checking

Designed with unique needs of non-profit organizations in mind, this account offers a wide variety of time-saving features and hassle-free services.

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  • No monthly maintenance fee
  • No minimum balance requirement
  • Requires non-profit status documentation
  • Unlimited transaction volume
  • Online Banking with Bill Pay available
  • Business Debit Card available
  • Free Mobile Banking with Mobile Capture
  • Free unlimited point of sale ATM transactions
  • Stop payment fees refunded when requirements are met3
  • Bonus Savings and Money Market Rate when requirements are met2
  • Introductory check order credit of up to $2001
  • Wire fees refunded when requirements are met3
  • Free Remote Deposit Capture when requirements are met2

Please refer to the Business Fee Schedule for other fees that may apply to business deposit accounts. All products and fees subject to change without notice.

1Receive a $200 credit by maintaining an average monthly checking balance minimum of $100,000, or average combined balance minimum (*1) of $250,000, or average commercial loan or line of credit balance of $1,000,000 and a minimum monthly volume of 10 transactions. Receive a $150 credit by maintaining an average monthly checking balance minimum of $2,500, or average combined balance minimum (*1) of $50,000, or average commercial loan or line of credit balance of $250,000. Receive a $50 credit if you do not meet the minimums stated above.

3Receive a bonus savings and money market rate and/or free remote deposit capture by maintaining an average monthly checking balance minimum of $50,000, or average combined balance minimum (*1) of $100,000, or average commercial loan or line of credit balance of $500,000 and a minimum monthly volume of 10 transactions.

3Get up to 3 stop payment fees or wire fees refunded each month by maintaining an average monthly checking balance minimum of $50,000, or average combined balance minimum (*1) of $100,000, or average commercial loan or line of credit balance of $500,000 and a minimum monthly volume of 20 transactions. Get unlimited stop payment fees or wire fees refunded by maintaining an average monthly checking balance minimum of $100,000, or average combined balance minimum (*1) of $250,000, or average commercial loan or line of credit balance of $1,000,000 and a minimum monthly volume of 10 transactions.

(*1) Average Combined Balance Minimum refers to the average monthly balance of business deposit accounts sharing the same reporting Tax ID number as your Optimum Business Checking anchor account.

IOLTA Checking

With this specialized IOLTA (Interest on Lawyer’s Trust Accounts) Checking option, attorneys have a safe and reliable way to manage their clients’ funds.

View All Features

  • No monthly maintenance fee
  • No minimum balance requirement
  • Unlimited deposits and withdrawals
  • Earns a variable rate of interest
  • Interest paid to the IOLTA committee monthly
  • Free Mobile Banking with Mobile Capture
  • Free consumer Online Banking
  • Introductory check order credit of up to $2001
  • Stop payment fees refunded when requirements are met2
  • Wire fees refunded when requirements are met3
  • Free Remote Deposit Capture when requirements are met3

Please refer to the Business Fee Schedule for other fees that may apply to business deposit accounts. All products and fees subject to change without notice.

1Receive a $200 credit by maintaining an average monthly checking balance minimum of $100,000, or average combined balance minimum (*1) of $250,000, or average commercial loan or line of credit balance of $1,000,000 and a minimum monthly volume of 20 transactions. Receive a $150 credit by maintaining an average monthly checking balance minimum of $2,500, or average combined balance minimum (*1) of $50,000, or average commercial loan or line of credit balance of $250,000. Receive a $50 credit if you do not meet the minimums stated above.

2Get up to 3 stop payment fees or wire fees refunded each month by maintaining an average monthly checking balance minimum of $50,000, or average combined balance minimum (*1) of $100,000, or average commercial loan or line of credit balance of $500,000 and a minimum monthly volume of 10 transactions. Get unlimited stop payment fees or wire fees refunded by maintaining an average monthly checking balance minimum of $100,000, or average combined balance minimum (*1) of $250,000, or average commercial loan or line of credit balance of $1,000,000 and a minimum monthly volume of 10 transactions.

3Receive free remote deposit capture by maintaining an average monthly checking balance minimum of $50,000, or average combined balance minimum (*1) of $100,000, or average commercial loan or line of credit balance of $500,000 and a minimum monthly volume of 10 transactions.

(*1) Average Combined Balance Minimum refers to the average monthly balance of business deposit accounts sharing the same reporting Tax ID number as your Optimum Business Checking anchor account.

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