Skip to main content

ONLINE BANKING

Forget your username or password?

Business Checking Accounts

When you’re looking for a partner to build a new business or continue the success of your existing business, Bank of Wolcott has a checking account that allows you to manage your company’s money in a safe and convenient way. Stop in and we will help you determine the account that best fits your business.

Business Checking Account Comparison

BasicCommercialClassic Non-Profit
Minimum Opening Balance$500.00$1.00$5,000.00 $100.00
Monthly Maintenance Fee$7.50**N/A$35.00** N/A
Earnings Credit OptionN/AcheckmarkN/A N/A
Cash/Coin Monthly ProcessingUp to $2,500.00Varies***Varies*** N/A
Interest Paid on BalancesN/AN/Acheckmark* N/A
Free eStatementscheckmarkcheckmarkcheckmark checkmark
 

Learn More About Basic Checking Apply for Basic Checking

Learn More About Commercial Checking Apply for Commercial Checking

Learn More About Classic Checking Apply for Classic Checking

Learn More About Non-Profit Checking Apply for Non-Profit Checking

*Interest rates are subject to change.
**Can be avoided by maintaining a minimum daily balance 
*** Rates may change at any time.
All promotions are subject to change or cancellation. For full details, please see account terms and conditions.

Basic Business Checking

  • Minimum of $500.00 to open
  • A monthly maintenance fee of $7.50 will be imposed if the account falls below a daily average balance of $500.00
  • FED Items: $0.25 per item over 80 items per statement cycle
  • Charge Back: $5.00 per item
  • ACH Deposits / Withdrawals: $0.10 per item over 25 items
  • Cash Deposited: $0.20 will be charged for every $100.00 cash deposited over $2,500.00 per statement cycle

Apply for Basic Business Checking

Business Checking

Commercial Checking

  • Minimum of $1.00 to open
  • This account features an earnings credit which is applied to reduce or eliminate fees on the account
  • Foreign Items Deposited: $0.07 per item
  • ACH Deposits / Withdrawals: $0.05 per item
  • Cash Deposited: $0.10 will be charged for every $1,000.00 cash deposited
  • Check Paid: $0.07 per item
  • This Banks Items Deposited: $0.07 per item
  • Coin Furnished: $0.10 per roll
  • Currency Furnished: $0.10 per hundred
  • Cash Deposited: $0.10 per thousand
  • Coin Deposited: $0.10 per roll
  • Return Item / Charge Back: $5.00 per item / charge back

Apply for Commercial Checking

Business Checking

Classic Checking

  • Minimum of $5,000.00 to open
  • A monthly maintenance fee of $35.00 will be imposed if the account falls below a daily average balance of $5,000.00
  • FED items deposited: $0.08 per item
  • Return Item / Charge Back: $5.00 per item / charge back
  • ACH Deposits / Withdrawals: $0.02 per item
  • Cash Deposited: $0.10 will be charged for every $100.00 cash deposited
  • Interest compounded and credit quarterly

Apply for Classic Checking

Business Checking

Non-Profit Checking

  • Minimum of $1.00 to open
  • Unlimited check writing, debit card and electronic transactions
  • Image checks returned with statement
  • Charge Back: $5.00 per item

Apply for Non-Profit Checking

Business Checking