Why choose us for business checking? Because Westfield Bank provides the resources, personal attention and responsiveness missing from the mega banks. We're proud to be a friendly neighborhood bank, and our customers love us for it.
We work hard to keep your life easy. Our simplified fee structure helps you save money, and you'll be pleasantly surprised by how easy a Westfield Bank checking account is to open and use.
Business Checking
We offer a simple, easy to use checking account that can have few or no fees.
Advantage Checking
Interest checking designed for sole proprietors, non-profits, civic groups and public funds.
Just Checking-Non-Interest Checking for Organizations
Checking for non-profits and civic groups, with no minimum balance required.
Premium Finance Checking
A special account with premium benefits, just for Premium Finance Agencies
| Available Features |
Business Checking |
Advantage Checking |
Just Checking |
Premium Finance Checking |
| Minimum Opening Balance |
$250 |
$500 |
$50 |
$50 |
| FDIC Insured |
Yes |
Yes |
Yes |
Yes |
| Check Writing Privileges |
Yes |
Yes |
Yes |
Yes |
| Cash Sweep |
Yes |
Yes |
Yes |
No |
| LockBox Services |
Yes |
Yes |
Yes |
No |
| ATM / Debit Card Access |
Yes |
Yes |
Yes |
Yes |
| Online Business Cash Management |
Yes |
Yes |
Yes |
Yes |
| Online Bill Payment |
Yes |
Yes |
Yes |
Yes |
| Telephone Banking Access 24/7 |
Yes |
Yes |
Yes |
Yes |
| ACH / Wire Transfers |
Yes |
Yes |
Yes |
Yes |
| Overdraft Protection |
Yes |
Yes |
Yes |
Yes |
| Imaged Copies of Checks |
Yes |
Yes |
Yes |
Yes |
| Available to All Business Types |
Yes |
Sole Proprietors, Non-Profits, Civic Groups, Public Funds |
Non-Profits, Civic Groups |
Premium Finance Agencies |
| Rates & Fees |
Business Checking |
Advantage Checking |
Just Checking |
Premium Finance Checking |
| Minimum Average Collected Balance required to waive monthly service charges |
$2,500 |
- |
- |
- |
| Monthly Maintenance Fee |
$12.00 |
$12.00 |
Free |
Free |
| Per Item Deposited |
$0.10 |
$0.10 |
Free |
$0.20 |
Per Item Withdrawn
(check or electronic) |
$0.15 |
$0.15 |
Free |
$0.30 |
| Number of Free Credit Items Monthly |
250 |
250 |
Unlimited |
25 |
| Number of Free Debit Items Monthly |
250 |
250 |
Unlimited |
25 |
| Earnings Credit |
1.00% / 1.00% |
- |
- |
1.00% / 1.00% |
| Interest Rate/APY on Collected Balance |
- |
1.00% / 1.00% |
- |
- |
| The interest rate and annual percentage yield (APY) may change at any time. Interest is compounded monthly
and paid monthly. Interest begins to accrue on the business day funds are collected. |
| Optional Services |
Business Checking |
Advantage Checking |
Just Checking |
Premium Finance Checking |
| ATM Fees |
| Free ATM withdrawals |
8 per Month |
8 per Month |
8 per Month |
n/a |
| Additional ATM Withdrawals over 8 |
$2.00 each |
$2.00 each |
$2.00 each |
n/a |
| Surcharge free withdrawals at Huntington Bank, KeyBank and FirstMerit ATMs |
Free |
Free |
Free |
n/a |
| Unlimited transactions at Westfield ATMs |
Free |
Free |
Free |
n/a |
| Deposit and Balance Inquires |
Free |
Free |
Free |
n/a |
| Visa Merchants and other Point-of-Sale Purchases |
Free |
Free |
Free |
n/a |
| Online Business Cash Management |
Free |
Free |
Free |
Free |
Member FDIC and Equal Housing Lender Effective Date: February 11, 2008
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