Free Business Checking Account | Small Business Checking

Benefits of Business Checking at Webster First

Convenient access to your business accounts, anytime

Online banking and our mobile app make taking care of business easy. Manage your finances from your phone, deposit checks remotely, and pay bills easily. Available on the App Store, Google Play, and Amazon Appstore.

Keep more of your hard-earned money

Whether you’re launching a startup, managing a side hustle, or running an established company, every dollar counts. That’s why all Webster First business checking accounts come with $0 monthly maintenance fees, no deposit limits, or remote deposit fees.

Team collaboration

Share full or partial account access with employees or partners to keep things running smoothly.

Night depository

Need to make a deposit after hours? No problem. Several of our branches have night deposit drop boxes. We’ll process them first thing in the morning.

Which Business Checking Account Is Right for You?

	First Rate Checking for Business	Elite Business Checking
Useful for	For sole proprietors with few to no employees or DBAs	Small to Mid-Size Business Checking: LLCs, LLPs, Corporations, and Partnerships
Rate	Up to 5.00% APY² on the first $1,000	Tiered: See all rates
Minimum Opening Deposit	$5.00	$5.00
Monthly Maintenance Fees	$0.00	$0.00
Business Debit Card	Yes	Yes
Remote deposit	Free	Free
Monthly deposit limit	None	None
Overdraft protection	Yes	Yes

Business Debit Mastercard®

Enhance your business spending with the Webster First Business Debit Mastercard®—powered by Mastercard and built with your security in mind.

Earn cash back⁴² on qualified purchases with our free program.
Earn rebates with the Mastercard Easy Savings® program³⁰.
Backed by Mastercard Zero Liability Protection,⁴¹ meaning you won’t be held responsible for unauthorized transactions.

Apply for your business checking account today

Your business deserves an account that works as hard as you do. Start right now by finding a Webster First branch near you, and take the first step towards easier, more secure business banking.

Apply for First Rate Checking for Business In-Branch

Get Started With Elite Business Checking

FAQs

What are the requirements to open?

First Rate Checking for Business:

Business must be a DBA or Trust using an SSN
One of the following must apply:
- The business owner is a current Webster First member.
- The business owner lives, works, worships, or attends school in Worcester, Essex, Middlesex, or Suffolk County of Massachusetts
- Business is located in Worcester, Essex, Middlesex, or Suffolk County of Massachusetts
$5 minimum balance.

Elite Business Checking:

Business must have an Employer Identification Number (EIN)
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 appropriate state and/or municipality
$5 minimum balance.

What documents will I need?

For First Rate Checking for Business:

Driver’s License
Social Security Number
DBA-specific:
- Business certificate from the town where your business is located.

For Elite Business Checking:

Driver’s License
Social Security Number
At least one of the following:
- Articles of Incorporation
- Articles of Organization
- Partnership Agreement
- Limited Partnership Document.
At least one of the following:
- SS4 Tax ID form
- Most recent federal tax return.
Certification of Beneficial Ownership – What’s this?
Additional documentation might be required depending on your business type.