Webster Five offers a variety of checking accounts designed to meet the financial needs of your business. We make business banking better.
Small Business Checking Account*
Webster Five's Small Business Checking Account gives you more for your money. It provides the conveniences of a business debit card and online banking. All for free.
Potential Customers: Webster Five's Small Business Checking Account is a perfect solution to all your business banking needs whether your company is a corporation, sole proprietor or non-profit organization.
Key Benefits: Enjoy no monthly maintenance fee and no minimum daily balance requirement. With a Webster Five Small Business Checking Account you can write 50 checks and make 20 deposits free per statement cycle.
Each additional deposit or check paid is just $.30 each. Open with a $10.00 initial deposit and begin to enjoy how easy it is to handle your business checking needs.
Business Checking Account*
Webster Five’s Business Checking Account is competitively priced and features an earnings credit allowance that may reduce or eliminate transaction fees associated with an account.
Potential Customers: Our Business Checking Account is well suited for any type of business to include corporations, sole proprietors, and non-profit organizations.
Key Benefits: Enjoy a competitive earnings credit allowance based upon 90% of the average of the prior months 90-Day Treasury Bill Rate, calculated on the average monthly ledger balance. The earnings credit may offset charges associated to your account. You have the option of receiving a monthly account analysis statement that provides a detailed summary of your checking account transactions, associated fees, and balances.
Business NOW Checking Account*
An interest-bearing checking account for sole proprietors and non-profits with nominal fees, no monthly service charge and no minimum balance requirement.
Potential Customers: Our Business NOW is suitable for unincorporated businesses that need a transaction account with unlimited check writing.
Key Benefits: Enjoy an interest-bearing account with unlimited check writing and no monthly service charge. All balances greater than $10 earn interest.
Super NOW Checking Account*
An alternative to the Business NOW, the Super NOW Account offers a higher rate of interest with no transaction fees or monthly service charge when an average minimum daily balance is maintained.
Potential Customers: The Super NOW Account is an interest-bearing transaction account for unincorporated businesses that maintain a higher average daily balance.
Key Benefits: Our Super NOW is free when an average daily balance of $2,500 or more is maintained for the statement cycle. Balances greater than $2,500 earn a higher rate of interest.
IOLTA Checking Account
Webster Five’s Interest on Lawyers’ Trust Account (IOLTA) is designed for lawyers or law firms holding money in trust or escrow on behalf of a client. All interest earned is remitted to the Massachusetts IOLTA Committee.
Potential Customers: Lawyers or law firms who hold money in trust or escrow for a client.
Key Benefits: No monthly maintenance or per check fee. No minimum daily balance is required.
