Elite Business Checking account benefits
- $0 monthly maintenance fees
- Earn interest on your balance
- No monthly transaction limits
- Access to nearly 30,000 ATMs and 5,000 branches
- Free notary service at any Webster First branch location
Night depository available at select Webster First branch locations, enrollment required - Access to Business Online Banking and Business Mobile Banking App
- Get 20% off your first order of business checks, up to $50^
Online & mobile banking, designed for business
- Grant employees tiered access to keep budgets running smoothly
- Monitor cash flow and transfer funds
- Deposit checks
- Set alerts
- Free basic access, $25 monthly fee for cash management suite
Webster First business debit Mastercard®
- No annual fee or point of sale fees
- Accepted anywhere Mastercard® is
- Complimentary fraud monitoring
- Earn cash back‡ on qualifying purchases and points on everyday purchases†
- Earn rebates with the Mastercard Easy Savings® program***
Easy ATM access, nationwide
Withdraw cash totally fee-free at nearly 30,000 ATMs nationwide through our CO-OP Network partners:
- No fees to withdraw funds from SUM or CO-OP Network ATMs
- No Webster First foreign ATM fee to withdraw funds out of network (fees from the owning institution may apply)
- $500 daily ATM withdrawal limit, higher limits available upon request
Open your Elite Business Checking account
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
Documents you’ll need:
- 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
Elite Business Checking rates
|
Min. Balance |
Rate |
APY* |
|
Less than $1,000 |
0.01% |
0.01% |
|
$1,000 to $9,999 |
0.01% |
0.01% |
|
$10,000 to $24,999 |
0.01% |
0.01% |
|
$25,000 to $49,999 |
0.05% |
0.05% |
|
$50,000 to $99,999 |
0.10% |
0.10% |
|
$100,000 plus |
0.20% |
0.20% |
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
*APY = Annual Percentage Yield. Compounds daily.
^20% or up to $50.00 off the first order of checks, whichever is less.
‡Must have qualifying Webster First Federal Credit Union checking account, debit card, and online banking. Webster First Federal Credit Union offers no warranties on any offers, commitments, promotions, money back, or other incentives offered by any of the merchants in the cash back rewards program. Offers are provided "as is" and "as available."
†Qualifying transactions must clear your account and post to your account no later than the end of the applicable calendar month to be counted. For example, if a purchase with your card occurs on the last day of the offer month but does not clear your account until the first day of the following calendar month, then that transaction will not be included in the calculation for the month in which you used your card. Rewards in program valued from 100 to 100,000 points. Rewards subject to change without notice and program may be terminated at any time. Points valid for 2 years from the first day of the month in which the Points were issued. Points awarded per checking account. See website for specific program terms. For ongoing card purchases, one point is awarded for every $100 spent with a signature or a PIN transaction. ATM transactions do not apply. Points awarded in relation to dollars spent subject to change without notice.
***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.