Business Checking
Cornerstone Business Checking
Our most popular account!
- Low minimum balance
- Best for businesses with with a moderate number of transactions
Cornerstone Business Plus Checking
- Cash Management Services Available
- Allows for a higher number of transactions
Flagship Business Checking
-
Cash Management bundle pricing available
- Free ATMs*
-
A free personal Flagship Checking Account for the owner
Business NOW
- Earn Interest
-
For Sole Proprietors, Municipalities, homeowner/ condo associations, and Not-for-profits.
Need A Closer Look?
Compare Accounts
| Cornerstone Business Checking |
Cornerstone
Plus Business Checking
|
Flagship Business Checking | Business NOW | |
|---|---|---|---|---|
| Monthly Account Fee | $10 | $15 | $35 |
$12.50
Waived for 501 (c) (3)
|
|
Balance to Waive Monthly Fee
|
$1,000 minimum daily balance
|
$5,000 average monthly balance | $35,000 average monthly balance |
$1,500
minimum daily balance
$35,000 combined deposit balance
|
|
Bundle Pricing (optional)
- Remote Deposit Services
- Positive Pay
- Electronic Data Interchange
|
 |
$60
per month
|
No charge by maintaining $35,000 average monthly ledger balance, otherwise $60 per month |
$60
per month
|
|
Cash Management Set-Up (one time charge)
|
$60
Rebated after 1 year of using service
|
$30
Rebated after 6 months of using service
|
No charge |
$60
Rebated after 1 year of using service
|
| Number of no charge items per month | 125 | 500 |
Unlimited
|
200 |
|
Statement Fee per month
(free eStatements)
|
$3
|
$3
|
No charge
|
$3
|
| Check printing discount | |
$50
on 1st order
|
$100
on 1st order
|
|
|
Flagship Business Special Features
- Free ATM across the U.S.
- Free Personal Flagship Account
- Free Bank Checks and Money Orders
|
|
|
See Flagship details below
|
|
Flagship Business Checking
Free ATMs across the U.S. means we will reimburse the fee charged to you by the ATM owner within one business day of the transaction.
Business NOW Checking
This account is available only to Sole Proprietors, Municipalities, homeowner/ condo associations, and Not-for-profits.
FAQ
How do I open a business checking account?
Visit your local Newtown Savings Bank branch.
What do I need to open a checking account?
If you are a current customer, all you need is a driver's license or state ID and your social security number. For new customers, you will need to bring two forms of ID, a valid primary ID (driver's license, passport, or state ID) and a secondary (non-picture) ID as well as your social security number. For minors under 18, if they do not have a primary ID we will accept two secondary IDs.
How much is required to open a checking account?
Checking accounts require a $25 minimum deposit to open. Some accounts also have a monthly maintenance fee. You can compare checking accounts to learn more about checking account types, features and maintenance fees.
How do I make deposits?
All deposits can be completed in branch, at a Newtown Savings Bank ATM, or after hours using the night drop. Checks can be deposited using mobile deposit through the NSB app (limits may apply). You can also set up direct deposit with most employers allowing for a faster process while eliminating the use of paper checks.
If this is your first time doing a mobile deposit, the first step is to enroll. Once approved, select 'Deposit' from your dashboard. Enter the amount, select the account (if enrolled with more than one account), the app will require access to your camera in order to take a picture of the front and back of your check. Tap 'Continue' and you are all set!
Can I add my Newtown Savings Bank Visa® debit card to my Mobile Wallet?
Yes! You can add your Newtown Savings Bank Visa® debit card to your mobile wallet for quick, easy and secure transactions. You'll save time, have everything you need right from your phone and get the benefit of increased security.
When will I receive my debit card and/or checks?
You should receive your debit card in any of our branches or it can be obtained via US mail if preferred. Checks should be received within 7-10 business days after opening an account, if requested at account opening. You can begin using your debit card as soon as the card is activated and your Personal Identification Number (PIN) is set up.
What can I do on telephone banking?
The number for automated telephone banking is 844.211.1003 You can get current and available balance information, transfer funds and make payments between eligible accounts, check to see if a check has cleared or stop payment on a check, inquire about ATM or debit card transactions and activate your debit card.
*Valid at ATMs across the U.S. We will reimburse the fee within one business day of the transaction.
**If you are under age 18, this account must be opened in branch and requires a parent or guardian as a joint account owner. No Overdraft Privileges available for Student Checking account customers under 18 years old.
***Overdraft protection services are not available for your New Start Checking account. We will determine in our sole discretion whether to pay or return any items presented for payment if your account does not contain sufficient available funds. Whether we pay or do not pay an item for which there are insufficient available funds in your New Start account, we will not charge an overdraft or insufficient funds fee. A fee will apply for cash withdrawals at ATMs not operated by Newtown Savings Bank. This fee is separate from any fee the ATM operator may charge you. A paper statement fee will apply if you have not opted in to receive eStatements (waived if you are age 62 or older). Good standing means the account is not overdrawn or hasn't been misused.
Here's what you need to open an account:
- U.S. Social Security Number + a valid form of identification: i.e. Drivers License, Passport, etc.
- A funding source: i.e. debit/credit card or U.S. checking/savings account
- A few minutes of your time
You must be 18 years old or older to open an account online.