| Main Street Business Checking | Main Street Business Premium Checking | Main Street Business Interest Checking | Main Street Corporate Analysis Checking | |
|---|---|---|---|---|
| Minimum daily balance | None | $10,000 to avoid fees | None | None; must be on analysis |
| Interest earning | No | No | Yes | No |
| Per check paid fee | None under 250 items* | $0.15 per check paid if balance below $10,000 | $0.20 per check paid | $0.15 per check paid |
| Per check deposited fee | None | $0.09 per deposited item if balance below $10,000 | $0.09 per deposited item | $0.09 per deposited item |
| Per deposit fee | None under 250 items* | $0.60 if balance below $10,000 | $0.50 | $0.60 |
| Per ACH credit/debit fee | None | $0.10 if balance below $10,000 | $0.10 | $0.10 |
| Monthly fee | None if enrolled in e-Statements; $10.00 if not enrolled in e-Statements | $10.00 if balance below $10,000 | $8.00 | $10.00 |
| Talk to Us | Talk to Us | Talk to Us | Talk to Us | |
| Learn More | Learn More | Learn More | Learn More |
*250 items are a combination of checks paid from, and deposits made into a Main Street Business Checking account.
See our Business Summary of Fees.
Are you using the right business checking account?
At Main Street Bank, your business size, industry, and transaction history factor into the optimal account with the best value. Our business solutions experts can advise you on the right checking account that will allow you to run your business finances with ease.
Combined with innovative cash management solutions, our business checking accounts give you access to your funds and the safety and security of a bank that is 100% insured.
Review and compare our business checking accounts below. To open a new business checking account, visit one of our Branch Locations, email [email protected], or call 508-481-8300.
Main Street Business Checking
An easy and effective way to keep your business running. If you are looking to avoid a monthly maintenance fee and enjoy the convenience of e-statements, our Main Street Business Checking account is a great option for you.
Check out these benefits:
- No minimum balance requirement
- No per item or deposit fee under 250 items
- No monthly fee if enrolled in e-Statements
If you exceed 250 items, the following fees apply:
- $0.50 per check paid
- $0.50 per deposit
Main Street Business Premium Checking
A great option for businesses that are looking to simplify their banking and avoid monthly fees.
- Free if your daily minimum balance is $10,000 or greater
- No fee per item paid
- No fee per item deposited
If your balance falls below $10,000, the following fees apply:
- $10.00 monthly maintenance fee
- $0.15 per check paid
- $0.09 per deposited item
- $0.60 per deposit
- $0.10 per ACH credit/debit
Main Street Business Interest Checking
This account combines competitive interest rates and effective money management, and is a great solution for businesses with larger checking account balances looking to earn interest.
Earn more without having to manage multiple accounts.
- Tiered interest rates based on balance (see our current Deposit Rates)
- $8.00 monthly maintenance fee
- $0.20 per check paid
- $0.09 per deposited item
- $0.50 per deposit
- $0.10 per ACH credit/debit
Main Street Corporate Analysis Checking
Ideal for commercial accounts that taking advantage of our Cash Management services, or for businesses that keep larger balances in their accounts.
This account offers unlimited transactions and a competitive Earnings Credit*, which can reduce or offset monthly fees.
Companies with multiple checking accounts can benefit by combining accounts on analysis to increase average balances and earnings credit. This helps to reduce or eliminate fees.
*Earnings Credit is earned based on monthly average collected balances. Contact our Cash Management Department for more details.
Business Checking Account Frequently Asked Questions
Why should I open a business checking account?
A dedicated business account helps you:
- Keep personal and business finances separate
- Simplify accounting and tax reporting
- Build credibility with your customers and vendors
- Support long-term business growth
What do I need to open a business account?
To get started, you’ll typically need:
- Business formation documents (such as LLC or incorporation paperwork)
- Your EIN (Employer Identification Number) or Tax ID (or SSN for sole proprietors)
- Valid identification for all account owners and authorized signers
Our team will guide you through the process to make it simple. Contact one of our personal bankers to start.
How do I open a business checking account?
You can open a new business checking account in one of the following ways:
- Brand new and existing Main Street Bank customers: use Video Connect to speak to a live banker and open a new checking account from anywhere you are. Try Video Connect.
- Brand new and existing customers: visit any of our branch locations. Branch Locations & Hours.
Do Main Street Bank business checking accounts have monthly fees?
Monthly service charges may apply depending on the account type and activity level. In many cases, fees can be reduced or avoided by maintaining certain balances or relationship levels.
Depending on your account and activity, common fees may include:
- Monthly service charges
- Transaction or activity fees
- Wire transfer fees
- Stop payment requests
- Non-Main Street Bank ATM transactions
We always recommend reviewing your full Business Summary of Fees so you understand what fees may apply to your business account.
What types of payments can I send and receive with a business account?
Main Street Bank business checking accounts support:
- ACH payments and transfers
- Wire transfers (domestic and international)
- Bill pay and recurring payments
- Debit card and check payments
- Zelle® for business
We offer our customers a robust suite of innovative cash management services that can help you run your business more efficiently, including multiple payment options for your business.
What digital banking tools are available for business accounts?
Business customers have access to convenient digital services that help you manage your finances, including:
- Online and mobile banking
- Bill pay and external transfers
- Account alerts and monitoring
- Mobile check deposit capabilities
Additionally, Main Street Bank offers advanced business banking tools through our cash management services, such as:
- Remote deposit capture
- ACH origination
- Wire processing
- Account reconciliation
- Positive pay (ACH and checks)
- Escrow and subaccounting
Can I give employees access to the business account?
Yes, with business online banking services, you can:
- Add authorized users
- Control access levels and permissions based on user
- Manage who can view, transfer, or approve transactions
This is especially helpful as your business grows and you need to delegate specific financial management tasks to other employees while maintaining secure controls over your accounts.
Is my money insured in a checking account?
Yes. Your deposits are protected through:
- FDIC insurance
- Depositors Insurance Fund (DIF) for additional coverage
This means that 100% of your deposits kept at Main Street Bank are insured. Learn more about DIF insurance at Main Street Bank.
How does Main Street Bank help protect my business from fraud?
We provide monitoring, alerts, and dedicated support to help detect and respond to suspicious activity in your business accounts. You have access to tools including:
- Positive pay (ACH and Check) to provide early warnings against unauthorized electronic and check payments
- Secure digital banking tools to regularly monitor account activity
- Personalized support from our personal bankers and cash management teams
Main Street Bank also offers a free library of fraud education resources to keep you informed.
Can Main Street Bank support my business as it grows?
Yes, we offer a range of services to support your business at every stage, including:
- Business loans and lines of credit
- Business credit cards
- Cash management solutions
- Business money market and savings accounts
Our business banking team works with you to understand your needs and recommend the right solutions.