Business Checking
Business Banking for every business!
Franklin Savings Bank’s Business Checking Accounts are made with business owners in mind. Sole proprieter? No problem! Let us make your choice for business checking an easy one.
Free Business Checking
Small businesses can enjoy all the benefits of a Franklin Savings Bank Business Checking Account without the minimum balances and fees! This business account provides the convenience of a full-service transaction account with added services, at no extra cost.
Features
Free business checking account includes:
- No monthly maintenance fee
- $100 minimum deposit to open account
- No minimum balance requirement
- 200 free transactions (checks written and items deposited) per statement cycle; additional items are just $.50 each
- Visa® Business Debit Card for each authorized user
- Business Online Banking
- e-Statements
- Linked Account Transfers
- An annual FSB on CD is free to businesses enrolled in Online Banking Executive Cash Management
- Account holders are qualified to enroll in Identity Theft Resolution Services (Annual charge may apply)
Details
| Eligibility Requirements | Ideal for businesses with <200 transactions. |
| Minimum to Open | $100 |
| Minimum Balance to Avoid Fees | N/A |
| Monthly Service Charge | N/A |
| Free Transactions Per Month | 200 free transactions per statement cycle. |
| Other Fees | Additional items are $0.50 each. |
Business Advantage Checking
The Business Advantage Checking Account is designed especially for business customers and professional associations with moderate account activity. In addition to minimizing monthly checking account maintenance fees, it offers flexibility and additional product savings.
Features
Business advantage checking account includes:
- No monthly maintenance fee with an average monthly balance of $10,000 or more in a combined business and personal deposit relationship, including:
- Personal or Business Checking account
- Savings
- Money Market Accounts
- Certificates of Deposit
- Individual Retirement Accounts
- $500 minimum deposit to open account
- Minimum balance requirement is reduced to $5,000 with a Franklin Savings Bank business loan balance of $10,000 or more.*
- 300 free transactions per statement cycle including 250 checks paid and 50 deposits. (If transaction limits are exceeded, then regular business checking account fees of $ 0.50 per check paid and $0.50 per deposit will apply for each check paid after 250 and each deposit after 50.)
- Visa® Business Debit Card for each authorized user
- Business Online Banking
- e-Statements
- Linked Account Transfers
- An annual FSB on CD is free to businesses enrolled in Online Banking Executive Cash Management
- Identity Theft Resolution Services are provided for FREE to business principals and members of their households. Service provided by CyberScout.
*If average monthly balance falls below the required relationship amounts, a monthly maintenance fee of $20.00 will apply.
Details
| Eligibility Requirements | Ideal for businesses with <200 transactions. |
| Minimum to Open | $100 |
| Minimum Balance to Avoid Fees | N/A |
| Monthly Service Charge | N/A |
| Free Transactions Per Month | 200 free transactions per statement cycle. |
| Other Fees | Additional items are $0.50 each. |
Business Checking
If you have larger balances and transaction activity, then our Business Checking account is the perfect choice for your business. This account has extremely competitive rates and terms, with the added quality service and support that FSB is known for. An earnings credit, based on your average collected balance, offsets monthly fees.*
Features
Business checking account features:
- $0.50 per deposit made
- $0.10 per item deposited
- $0.15 per check paid
- $5.00 monthly maintenance charge
- $100 minimum deposit to open account
- Earnings credit used to offset account activity charges
- Visa® Business Debit Card for each authorized user
- Business Online Banking
- e-Statements
- Linked Account Transfers
- An annual FSB on CD is free to businesses enrolled in Online Banking Executive Cash Management
- Account holders are qualified to enroll in Identity Theft Resolution Services (Annual charge may apply)
*The earnings credit is calculated and is set to be effective the first day of each calendar month.
Details
Sole Proprietor & Organization Checking
Franklin Savings Bank has specifically designed this account—also known as Choice Checking for Businesses—to provide our small business owners an opportunity to operate a business checking account with very reasonable rates and terms.
Features
Sole proprietor and organization checking account:
- Interest earned on full daily balances of $500 or more
- No service charge if balance stays above $500*
- First 25 checks paid during the statement cycle are at no charge; each additional check is assessed a $0.15 charge
- $50 minimum deposit to open account
- Visa® Business Debit Card for each authorized user
- Business Online Banking
- e-Statements
- Linked Account Transfers
- An annual FSB on CD is free to businesses enrolled in Online Banking Executive Cash Management
- Account holders are qualified to enroll in Identity Theft Resolution Services (Annual charge may apply)
*If average monthly balance falls below the required relationship amounts, the monthly maintenance fee of $7.00 will apply
Details
| Eligibility Requirements | Sole Proprietors and Organizations |
| Minimum to Open | $50 |
| Minimum Balance to Avoid Fees | $500 during the statement cycle. |
| Monthly Service Charge | $7 |
| Free Transactions Per Month | 200 free transactions per statement cycle. |
| Other Fees | $0.15 per check paid will apply after the 25 checks paid per statement cycle. |
Non-Profit Checking
The FSB Non-Profit Checking—also known as no cost checking for organizations—is designed especially with non-profit organizations in mind. With no monthly service charges or minimum balance requirements, organizations can customize this account to their needs.
Features
Non-profit checking account:
- No minimum balance requirement
- No monthly maintenance charge
- $50 minimum deposit to open account
- Visa® Business Debit Card for each authorized user
- Business Online Banking
- e-Statements
- Linked Account Transfers
- An annual FSB on CD is free to businesses enrolled in Online Banking Executive Cash Management
Details
| Eligibility Requirements | For Non-Profits |
| Minimum to Open | $50 |
| Minimum Balance to Avoid Fees | N/A |
| Monthly Service Charge | N/A |
| Free Transactions Per Month | Unlimited |
| Other Fees | N/A |
Interest on Lawyers Trust Accounts (IOLTA)
Are you an attorney looking for a financial institution that supports IOLTA deposits? If so, you’re in the right place. FSB is a NH Bar Foundation’s Leadership Circle participant and offers 1% interest on these accounts, which fund critical services in New Hampshire communities. Interest earned on these accounts supports the NH Bar Foundation’s statewide IOLTA Grants Program.
Features
- Monthly service charge waived
- Interest earned on minimum balances of $500 or more
Details
| Eligibility Requirements | Lawyers and Law Firms |
| Interest Bearing | Yes. Interest earned on a daily minimum balance of $500. |
| Minimum to Open | $50 |
| Minimum Balance to Avoid Monthly Service Charge | N/A |
| Monthly Service Charge | N/A |
Business Checking Comparison Chart
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| Eligibility Requirements | Minimum to Open | Minimum Balance to Avoid Fees | Monthly Service Charge (if Requirements Not Met) | Free Transactions Per Month | Other Fees | |
| Free Business Checking | For Businesses with up to 200 transactions per month | $100 | N/A | N/A | 200 Free transactions (checks written and items deposited) per statement cycle. | Additional items are $0.50 each |
| Business Advantage Checking | For Businesses with up to 300 transactions per month | $500 | $10,000; $5,000 with an FSB business loan balance of $10,000 or more | $20 | 300 Free transactions per statement cycle | Additional fees of $0.15 per check paid and $0.50 per deposit will apply for each check paid after 250 and each deposit after 50 |
| Business Checking | For Businesses with larger balances and transaction activity | $100 | Earnings credit based on average collected balance | $5 | N/A | $0.50 per deposit made; $0.10 per item deposited; $0.15 per check paid |
| Sole Proprieter & Organization Checking | For Sole Proprietors & Organizations | $50 | $500 during the statement cycle | $7 | First 25 checks during the statement cycle | $0.15 per check paid will apply |
| Non-Profit Checking | For Non-Profits | $50 | N/A | N/A | Unlimited | N/A |
e-Statements
Simple. Secure. Environmentally Friendly.
Simplify your life AND help save a tree by using Franklin Savings Bank’s e-Statements. Convenient and easy, you’ll receive an email notification when your statement is ready for viewing. The best part? FSB’s e-Statements are more secure than traditional paper statements.
- Fast! No more waiting for processing/delivery of your paper statement
- Less paperwork/mail
- Password protected; more private and secure
- Reduces risk of lost or stolen statements
- May help you stay more organized with your finances!
- Convenient e-mail notification when your statement is ready
- Past statements available for research/budgeting
- Easy access via your online banking account(s)
- Interactive portal allows you to view statements as a PDF and an interactive HTML page
- Accepted as legal proof of payment
- Easy to file/save your statements onto your computer, or print—it’s your choice!
- View up to 24 months of statements
- Sign up and your request will be processed the same day
For assistance, contact our Customer Service Team at 1.800.372.4445 or 603.934.4445.
NOTE: To ensure you receive your FSB e-Statement notifications, please add eStatements@fsbnh.bank to your “friends” list if you use an e-mail spam blocking application.
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