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Local banking for businesses.

Business Checking Accounts

Watertown Savings Bank offers a selection of versatile business checking services at great value.

Business Checking Overview:

  Free Checking      General Checking Non-Profit Checking IOLTA Checking
Earnings Credit Rate (on collected balance)** NA 1.00% NA .10%
Monthly Service Charge No charge No charge No charge No charge
Checks Paid 150 free $.10 each No charge No charge
Checks Deposited
150 free $.10 each No charge No charge
Teller Deposits 15 free $.50 each No charge No charge
Electronic ACH Deposits & Withdrawals No charge $.10 each No charge No charge
Cash Deposits per $100 No charge $.10 each No charge No charge
Fees offset by credit earnings  No Yes No No
Charge for excess items $.75 each NA NA NA
Business Online (includes bill pay, transfers, viewing)
 No charge
 No charge
No charge No charge
with ACH & Wire Transfers
No charge
$10 per mo.
No charge
No charge

Earnings Rate is equal to 70% of the 13 week T-Bill rate as listed in the Wall Street Journal on the last day of the month, or 1%, whichever is higher.  The fees listed under "General Checking" are offset by the earnings credit.

Click here for a list of ancillary fees.

For more information on our business checking accounts, contact one of our Business Development Officer at (617) 928-2377 or Customer Support at (617) 928-9000.  Or email us at

IMPORTANT: E-mail is generally not a secure form of communication. Please do not include account number or social security information in this correspondence.

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©2015 Watertown Savings Bank. All Rights Reserved. | Headquarters: 60 Main Street, Watertown, MA 02472 | tel: 800.207.2525