Opening a business checking or savings account is as easy as opening a personal bank account. You will need basic information about your business along with supporting documents. Please call us for more information.
Eligibility: Any business or non-profit
Transaction limits/fees: 150 debits and/or credits per cycle free, then $0.50 per debit or credit
Minimum balance: None
1No charge by Bank. Additional vendor charges apply.
Eligibility: Any business or non-profit
Transaction limits/fees: None
Average monthly balance required: $25,000 or there will be a $10 maintenance fee per month
Interest paid: $25,000 minimum balance to earn interest
1No charge by Bank. Additional vendor charges apply.
Eligibility: Any business or non-profit
Transaction limits/fees: None
Average monthly balance required: $250,000 or there will be a $20 maintenance fee per month
Interest paid: $250,000 minimum balance to earn interest
1No charge by Bank. Additional vendor charges apply.
Eligibility: Non-profit organizations
Transaction limits/fees: 150 debits and/or credits per cycle free, then $0.50 per debit or credit
Average monthly balance required: $1,000 or there will be a $5 maintenance fee per month
Interest paid: $1,000 minimum balance to earn interest
1No charge by Bank. Additional vendor charges apply.
In addition to the accounts listed above, we are proud to participate in the Interest On Lawyer's Trust Account and the REALTORS Affordable Housing Fund.
This account is offered to lawyers as a trust account for their client's funds. The program allows attorneys to place client funds in an interest-bearing account and that interest is paid to the Maine Bar Foundation.
The Maine Bar Foundation then pools the funds received for the program, and dedicates them to support civil legal aid for low income and disadvantaged people, law related education and administration of justice projects.
Click here to learn more about Interest On Lawyer's Trust Accounts.
The concept of this program is a partnership between local banks and local realtors. Earnest money deposits that realtors receive are deposited into these accounts and the interest earned on the funds is forwarded to the Maine Association of Realtors. The association distributes the funds in the form of grants to successful applicants.
Click here to learn more about the REALTORS Affordable Housing Fund.
