Our best business checking account, with no hidden fees
A growing business deserves a checking account that’s designed to grow right along with it. Our Elite Business Checking account can help you manage your LLC, LLP, Corporation, or Partnership. We believe the money you earn should stay in your account. That’s why we have no monthly fees. And with tiered dividends you can earn even more for your dollar.
Get StartedBenefits of our Elite Business Checking Account
$0 monthly maintenance fees
Enjoy unlimited monthly transactions and earn dividends on your balance.
Security and Peace of Mind
Your business debit card includes complimentary fraud monitoring.
Online & Mobile Business Banking
Monitor cash flow and grant employees full or limited access to keep budgets running smoothly.
Nearly 30,000 ATMs
Withdraw cash totally fee-free at nearly 30,000 ATMs nationwide through our CO-OP Network partners.
In-branch Bonuses
Enjoy free notary service at any Webster First branch and take advantage of night depository at select locations.
Save on Checks
Get 20% off your first order of business checks, up to $50^.
Current rates
| Type | Dividend Rate | APY1 | Min Balance3 |
|---|---|---|---|
| Elite Business | .05% | .05% | $100,000.00 |
| .02% | .02% | $50,000 to $99,999.99 | |
| .02% | .02% | $25,000 to $49,999.99 | |
| .01% | .01% | $10,000 to $24,999.99 | |
| .01% | .01% | $1,000 to $9,999.99 | |
| .01% | .01% | $0.00 to $999.99 |
3:Minimum daily balance in your account each day to obtain the disclosed annual percentage yield.
All rates subject to change without prior notice. Fees may reduce earnings for accounts where fees apply.
Award-winning service
2024: Newsweek Best Regional Banks and Credit Unions
2023 Winner: Best of Central Mass
Rated 5 Stars by Bauer
2022 Winner: Best of Central Mass
Convenience and security wherever you need it
Online & mobile banking, designed for business
Our business online banking and mobile app are designed specifically for the needs of businesses. Built from the ground up with commercial use in mind, you’ll find managing your money easier than ever.
- Grant employees tiered access to keep budgets running smoothly
- Monitor cash flow and transfer funds
- Deposit checks
- Free basic access, $25 monthly fee for cash management suite
Business Debit Mastercard®
The Webster First business debit Mastercard® offers the security of complimentary fraud monitoring, so you can rest assured we’re always watching out.
- No annual fee or point of sale fees
- Earn cash back‡ on qualifying purchases
- Earn rebates with the Mastercard Easy Savings® program**
- No fees to withdraw funds from SUM or CO-OP Network ATMs
FAQs
What are the requirements to open?
- Business must be a Corporation, LLC, LLP, or Partnership
- Business must meet Webster First membership qualifications
- Persons who live, work, worship, or attend school in, and businesses and other legal entities located in Worcester, Essex, Middlesex, or Suffolk Counties, Massachusetts; and also included are spouses of persons who died while within the field of membership of this credit union, employees of the credit union, volunteers in the community, members of their immediate family or household, and organizations of such persons.
- Business must be registered with the state of Massachusetts
- $5 minimum balance
What documents will I need to open
- Driver’s License
- Social Security number
- At least one of the following:
- Article of Incorporation
- Article of Organization
- Partnership Agreement
- Limited Partnership Document
- At least of one the following:
- SS4 Tax ID form
- Most recent federal tax return
- Certification of Beneficial Ownership – What’s this?
- Additional documentation may be required
Open your Elite Business Checking account
Additional services you may like:
Resources for Business Owners
^20% or up to $50.00 off the first order of checks, whichever is less.
**Must enroll to earn rebates. Restrictions apply. Rebates currently available for qualifying eligible purchases. Participating merchants and rebate offers subject to change. You’ll receive Mastercard Easy Savings® Program rebates on top of merchant discounts and your card rewards.