East Coast Community Bank - Business Services




		Business Accounts East Coast Community Bank offers checking accounts to accommodate your business needs. If you would like more information click here for a list of branch locations and phone numbers. Basic Business Checking Account A non interest bearing business checking account available to all commercial customers with no monthly service charge, and no charge for items deposited. $100 balance required to open account No monthly service charge No charge for the first 125 checks/debits posted to account. $.25 excess item charge for each check/debit posted in excess of 125 Canceled checks are returned with monthly statement Online banking and bill pay are available at no cost Non interest bearing The Commercial Account This account is ideal for those who want their checks returned each month. This basic checking account has no monthly service charge when a low minimum daily balance is maintained. $100 balance required to open account No monthly service charge when your minimum daily balance is $1,500 Monthly service charge if account falls below minimum daily balance is $15 plus $.10 per check/debit paid Non interest bearing Monthly statement with canceled checks returned The Commercial Plus Account Enjoy the convenience of a checking account with the added bonus of earning interest. This account requires a low minimum balance and may be perfect for you if you are a sole proprietorship, non-profit organization or club, trust or estate. Contact your nearest branch location for eligibility. $100 balance required to open account No monthly service charge if your minimum daily balance is $1,500 Monthly service charge if account falls below minimum daily balance is $15 plus $.10 per check/debit paid Canceled checks returned with monthly statement Online banking and bill pay are available at no cost Interest bearing account. Compounded monthly. No interest paid if below minimum daily balance of $1,500 The Commercial Prime Account This interest earning account, available to certain eligible businesses, is tied to the Wall Street Journal Prime Rate - when the Prime Rate goes up, so will your interest rate. $5,000 balance required to open account No monthly service charge if your minimum daily balance is $1,000 Monthly service charge if account falls below minimum daily balance is $9 Unlimited check writing Canceled checks are returned with monthly statement Online banking and bill pay are available at no cost Interest bearing account The Business Rewards Money Market This money market investment account has an attractive rate with no tier requirement and is available to all business customers with at least one other banking product with us. $2,500 balance required to open account No monthly service charge if your minimum daily balance is $2,500 Monthly service charge if account falls below minimum daily balance is $10 Six preauthorized, automatic or telephone transfers per statement cycle from your account, but only three may be by check, draft, debit card or similar order to third parties Excess withdrawal fee $9 per check/debit for more than six preauthorized withdrawals/debits No charge for in-lobby transfer, mail transfers, or ATM transactions Canceled checks are returned with monthly statement Online banking is available at no cost Interest bearing account The Commercial Savings Account A quarterly statement account available to all commercial customers. $100 balance required to open account $100 minimum daily balance needed to earn interest No monthly service charge with $100 minimum daily balance $5 quarterly service charge is account falls below minimum daily balance Six transfers per quarterly statement cycle by preauthorized, automatic or telephone transfers from your account No charge for in-lobby transfer, mail transfer, or ATM transactions $2 per item for more than six withdrawals/debits Check Cards *Business VISA® Check Card* Your East Coast Community Bank VISA® Check Card looks like a credit card but works like a check. It is a quick, convenient way to access your checking account without writing a check. Use it to pay for purchases everywhere VISA® cards are accepted. The amount of your purchase is automatically deducted from your checking account and each purchase will be detailed on your monthly checking account statement. Our check card also works as your ATM card. It is widely accepted at ATM’s displaying the VISA® symbol and many networks throughout the United States. How To Get Your Check Card If you currently have a business checking account with us, you may apply for your VISA® Check Card today by visiting the branch location nearest you.* * VISA® check cards are subject to approval.
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