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Business Checking Account
We know that one business checking account does not fit all. That is why our flexible accounts are designed to give you options and choices so you can select the right checking account for your business needs.
Free Business Checking Account
Our Free Business Checking Account is perfect for small businesses or sole proprietors with low to moderate transaction volume. There is no monthly service fee and the first 300 transactions* per month are free. Each additional transaction is $.50.
Business Platinum Checking Account
Are you looking for a higher transaction* allowance with added benefits? Our Business Platinum Checking Account allows 500 transactions per month. Each additional transaction is $.50. The monthly service fee of $40.00 is waived by maintaining an average balance of $40,000 in the account.
The Business Platinum Checking Account also offers a free checking account for the business owner, as well as, a premier money market rate on balances above $250,000 and Bank at Work for employees.
Commercial Checking Account
Our Commercial Checking Account allows as many transactions* including checks, deposits, and/or withdrawals* as necessary. There are no minimum balance requirements. Instead, you receive an earnings credit allowance based on the available collected balance in your account. This allowance is used to offset all or part of the activity fees associated with your account.
Want to know which checking account is best for your business?
Click here to compare the benefits of our Business Checking Accounts.
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Free Business Checking Account
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Business Platinum Checking Account
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Commercial Checking Account
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Who It’s For
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Smaller businesses or sole proprietors with low to moderate transaction volume
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Businesses with either moderate to high transaction volume who want additional benefits.
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Businesses with high transaction volume
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Monthly Service Fees
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$0
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$40.00
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$15.00
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Monthly Transactions with No Added Cost
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300
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500
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None
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Cost of Additional Transactions*
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$0.50
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$0.50
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$0.15 per check paid
$0.75 per deposit
$0.10 per deposited item
$0.10 per ACH debit or credit
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Option to Waive Maintenance Fee
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N/A
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Maintain average balance of $40,000.
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Earnings credit per $100 average monthly collected balance may be used to offset monthly service fees
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Debit BusinessCard® with No Annual Fee
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| Free Online Banking, Bill Pay, and e-Statements |
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| Free Checking Account for Business Owner |
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| Bank at Work for Employees |
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| Premier Money Market Rate on balances above $250,000 |
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The Big Incentive
Click here to learn how you can receive up to $650 in cash and incentives for opening a new business checking account.
*Transactions include deposit, deposited items, checks paid, ACH debit and credit, ATM/POS.
Business Savings Accounts
Business Statement Savings Account
Open a Business Statement Savings Account at South Shore Savings Bank and start saving for your small business needs or unexpected expenses today!
Business Money Market Account
Our Business Money Market Account is the perfect complement to your Business Checking Account. Transfer idle cash from Business Checking to a Business Money Market Account, and write up to three checks a month if you choose.
Business Platinum Money Market Account
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Our Business Platinum Money Market Account is great for those who have a Business Platinum Checking or a Commercial Checking Account at South Shore Savings Bank and want to earn a higher rate on balances of $250,000 or more. Plus, you can write up to 6 checks per month if you choose.
Bank at Work Program
This special program is designed to help you attract and retain employees. Bank at Work offers special banking rewards to you, your company, and your employees at no cost!
Rewards for your employees
- No Service Fee Checking with Direct Deposit
- $50.00 Bonus Credited to Your Checking Account 1
- First Order of Standard Checks Free
- 5 Free non–SSSB ATM Transactions Per Month 2
- Free Statement Savings Account
- Free First-Year Safe Deposit Box Rental 3
- $350.00 Off Mortgage Closing Costs 4
- Free Mortgage Pre-Approvals
1 $50.00 one-time bonus deposited to your checking account when direct deposit is received. Not to be combined with other offers or promotions. Valid for new checking account customers only, one checking account per customer. Bonus may be taxable by the IRS. Bonuses paid within 90 days of account opening.
2 Surcharges may be assessed by other institutions for use of their ATM.
3 Up to 3” x 5” size ($25.00 value), where available
4 Not redeemable for cash
Rewards for your company
- Waiver of Merchant Services Application Fee 6
- Free Easy Choice Direct Deposit Processing 7
- One Time Waiver of Annual Line of Credit Renewal Fee 8
6 $50.00 value
7 EasyChoice direct deposit is a service of PayChoice
8 Maximum Value of $100.00.
Owner Benefits
- Free Three-To-A-Page Commercial Check Order Value Pack 9
9 Maximum Value of $59.95, Not redeemable for cash. First order only.
Your Deposits are Insured in Full
All deposits at South Shore Savings Bank are insured in full. Each depositor is insured by Federal Deposit Insurance Corporation (FDIC) to at least $250,000. All deposits above the FDIC insurance amount are insured by Depositors Insurance Fund (DIF).
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Equal Housing Lender Member FDIC Member DIF
