The right checking account for your growing business

We’ve designed our business checking accounts with all types of businesses in mind. And as your organization grows, we can easily transition you to a different business bank account. Our team is excited to learn more about your business, municipality or non-profit, and to set you up with the best checking account for your needs. We also offer several convenience services to help you manage your money.

Small Business Owners unpacking

Wondering which account is right for you? Contact a business banker below or stop in a branch. Can’t wait? Compare our business checking products.

Business Prime Checking^* – Does your business have low transaction activity? This business checking account has no fixed monthly service charge and no monthly minimum balance requirement.
Business Relationship Checking – If your business is doing a high number of transactions, our Business Relationship Checking could be right for you. We’ll even waive service charges if you maintain a designated average monthly balance.
Business Analysis Checking – Does your business keep a large account balance? If so, let’s talk about how we can apply an “earnings credit” to help offset monthly service charges and fees associated with our Cash Management Services.
Business Sweep Checking – If your business has high transaction volume, large account balances, and is using the “earnings credit” to offset monthly charges, consider the Business Sweep. We’ll automatically sweep funds into higher earning savings accounts while maintaining a target balance in your business checking account.
Non-Profit Checking^* – For our partners in the non-profit community, there is no fixed monthly service charge and no monthly minimum balance requirement, even for non-profits with low-transaction volume.
Interest on Lawyer’s Trust Account (IOLTA) and Interest on Real Estate Brokers Trust Account (IOREBTA). We offer these options to law firms and real estate brokers to help maintain client escrow accounts.

Get Started Opening an Account

*eStatements are provided free of charge with this account. However, paper statements delivered via postal mail are available for a $2.00 monthly service charge.

Opening A Business Account

We are excited for the opportunity to serve as your banking partner, and can assist you in opening your business account however is most convenient for you. To make this process even easier – whether you’re visiting one of our branches, connecting with a member of our team, or chatting with a banker on the Chelsea|LIVE Video Banking App – here’s a guide to the documents you will need to get started.

Sole Proprietor (DBA)

Trade Name Certificate (Recorded in the town in which you do business)
Social Security Number of Sole Proprietor

You will also need to provide the following for any individual who will be a signer on the business account, as well as any individual owning more than 25% of the entity (or for non-profits any individual who controls the entity, i.e. CEO, President, CFO):

A primary form of government-issued ID (such as driver’s license or passport)
Social Security Number
Contact information

Please note that upon review, we may request additional information in order to fulfill our policies and procedures as well as federal and state regulations. This list of requirements may be subject to change.

Single Member Limited Liability Company (LLC)

Certificate / Articles of Organization *
Active Status with Secretary of State Business Filing **
EIN Number (if available)*** or Social Security Number of Sole Member

A primary form of government-issued ID (such as driver’s license or passport)
Social Security Number
Contact information

* As a best practice, most businesses will consult an attorney to obtain the document(s).
**Secretary of State Filing – Annual Report may be filed online.
***An EIN Tax ID Number may be obtained free of charge, from the IRS: online, by fax, or by phone. More information is on the IRS Website.

Multi-Member Limited Liability Company (LLC)

Certificate / Articles of Organization *
Active Status with Secretary of State Business Filing **
Operating Agreement *
EIN Number ***

A primary form of government-issued ID (such as driver’s license or passport)
Social Security Number
Contact information

Corporation

Certificate / Articles of Incorporation *
Active Status with Secretary of State Business Filing **
Corporate By-Laws *
Recent Meeting Minutes
EIN Number ***

A primary form of government-issued ID (such as driver’s license or passport)
Social Security Number
Contact information

General Partnership

Partnership Agreement *
EIN Number ***

A primary form of government-issued ID (such as driver’s license or passport)
Social Security Number
Contact information

* As a best practice, most businesses will consult an attorney to obtain the document(s).
***An EIN Tax ID Number may be obtained free of charge, from the IRS: online, by fax, or by phone. More information is on the IRS Website.

Limited Partnership or Limited Liability Partnership

Partnership Agreement *
Certificate of Limited Partnership
Active Status with Secretary of State Business Filing **
EIN Number ***

A primary form of government-issued ID (such as driver’s license or passport)
Social Security Number
Contact information

Unincorporated Association or Club Account

By-Laws, Meeting Minutes, or Letter of Permission
EIN Number ***

A primary form of government-issued ID (such as driver’s license or passport)
Social Security Number
Contact information

***An EIN Tax ID Number may be obtained free of charge, from the IRS: online, by fax, or by phone. More information is on the IRS Website.

To learn more about which business checking account could be right for you, call us at 860-448-4295, contact a member of our business banking team below, or stop by your local branch to speak with a branch manager.