Business Checking
Our suite of Business Checking products is uniquely designed to fit the needs of your business. Whatever your business size or industry, we have the right account for you.
Business Checking Accounts
Business Select
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The essential business checking account offering a standard checking solution with all of the Digital products your business needs. Designed for businesses with a moderate level of transaction volume.
FEATURES & BENEFITS:
- $100 to Open
- Free Digital & Mobile Banking
- BillPay
- Free Digital Document
- Free Visa Business Debit Card
- Credit up to $25 on First Order of Checks
- 100 Monthly Transactions1
- Access to Visa Business Credit Card Products2
- Zelle® for Small Business3
FREE CONSULTATIONS ON:
- Merchant Services
- Payroll Services
Paper Statement Fee: $5.00 per month.
A maintenance service charge of $5.00 will be imposed each monthly statement cycle if the average daily balance in the account falls below $1,000.00 for the monthly statement cycle. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
1$0.35 per transaction fee thereafter. Transactions include deposits made, items deposited, checks paid, ACH debits and withdrawals (ATM or POS withdrawals and ACH Credit transactions are excluded).
2Subject to credit approval.
3U.S. checking or savings account required to use Zelle®. Transactions between enrolled consumers typically occur in minutes. To send or receive money with a small business, both parties must be enrolled with Zelle® directly through their financial institution’s online or mobile banking experience. To enroll reach out to our Contact Center Team at 401.845.2265 or 877.709.2265.
Business Select Plus
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The right account for your business that requires a higher level of cash flow and account activity. Access to Digital products that are ideal for today’s small to mid-sized businesses with many additional benefits such as ATM withdrawal rebates, mortgage closing cost discounts, incoming wire rebates and more.
FEATURES & BENEFITS:
- $100 to Open
- Free Digital & Mobile Banking
- BillPay
- Free Digital Document1
- 300 Monthly Transactions2
- Credit up to $50 on First Order of Checks
- 4 Incoming Wire Transfer Fees Rebated Monthly
- 3 Foreign ATM Withdrawal Fees3 Rebated Monthly
- Access to Visa® Business Credit Card Products4
- Access to Business Select Plus Money Market
- Discount on Mortgage Closing Costs5
- Free Visa Business Debit Card
- Zelle® for Small Business6
FREE CONSULTATIONS ON:
- Cash Management
- Merchant Services
- Payroll Services
NEW! CASH MANAGEMENT BUNDLES AND ADD-ON SERVICES
Add bundled Cash Management services to your Business Select Plus Checking account. Contact CashManagementSales@BankNewport to get started.
- Basic Payments Package7
- Advanced Cash Management package8
- ZEscrow
A maintenance service charge of $15.00 will be imposed each monthly statement cycle if the average daily balance for the monthly statement cycle falls below $10,000.00 in combined deposit balances (checking, savings, money market and certificates of deposit) for accounts with the same Tax ID Number. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
1Paper Statement Fee: $5.00 per month.
2$0.35 per transaction fee thereafter. Transactions include deposits made, items deposited, checks paid, ACH debits and withdrawals (ATM or POS withdrawals and ACH Credit transactions are excluded).
3“Foreign ATM Withdrawal Fees” are defined as ATM Withdrawal, Transfer and Inquiry Service Charges for using a non-BankNewport ATM.
4Subject to credit approval.
5$200 closing cost credit on residential mortgage, must be an owner of the business. Cannot be combined with any other offer. Subject to credit approval.
6U.S. checking or savings account required to use Zelle®. Transactions between enrolled consumers typically occur in minutes. To send or receive money with a small business, both parties must be enrolled with Zelle® directly through their financial institution’s online or mobile banking experience.
7Basic Payments Package includes unlimited ACH credit originations and online wire transfers for $45 per month, per outgoing wire fees. Domestic S22/International $32.
8Advanced Cash Management Package includes everything in the Basic Payments Package for S45 per month with the option to add remote Deposit Capture and/or Positive Pay at a reduced cost of $35 per service per month. Check Scanner is provided at an additional cost
Business Non-Profit
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Ideal for Non-Profit agencies. Receive many account benefits to help you bank with ease and experience no monthly maintenance fee.
FEATURES & BENEFITS:
- $100 to Open
- No Monthly Maintenance Fee
- Free Digital & Mobile Banking
- BillPay
- Free Digital Document
- Visa Business Debit Card
- First Order of Custom Checks is Free
- 300 Monthly Transactions1
- Waived Foreign ATM Withdrawals Fees2
- ATM Surcharge Fees Rebated Monthly
- Waived Incoming Wire Fees
- Access to Visa Business Credit Card Products3
FREE CONSULTATIONS ON:
- Merchant Services
- Payroll Services
Organization must hold a federal tax-exempt 501(c)(3) status, as determined by the Internal Revenue Service; a copy of the determination letter must be provided at account opening. Some account restrictions and additional fees may apply.
1$0.35 per transaction fee thereafter. Transactions include deposits made, items deposited, checks paid, ACH debits and withdrawals (ATM or POS withdrawals and ACH Credit transactions are excluded).
2“Foreign ATM Withdrawal Fees” are defined as ATM Withdrawal, Transfer and Inquiry Service Charges for using a non-BankNewport ATM.
3Subject to Credit Approval.
Customize Your Business Banking Experience
Cash Management Solutions for Business Select Plus Checking
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Our predefined Cash Management Packages are designed to help support your business and keep your day-to-day running smoothly. You can add the package that best fits your needs, in addition to ZEscrow, to your Business Select Plus Checking Account.
Basic Payments Package
Our Basic Payments Package includes:
- Unlimited ACH Credit Originations
- Unlimited Online Wire Transfers1
Basic Payments package add-on is $45 per month.
Advanced Cash Management Package
Our Advanced Cash Management Package includes:
- Basic Payments Package for $45 per month
- Add Remote Deposit Capture2 and/or Positive Pay for $35 per month per service chosen
ZEscrow
ZEscrow is a modern escrow and subaccounting service wrapped up in one digital system that accommodates a wide range of businesses and special use cases.
With secure online access through our digital banking platform, your organization can manage all subaccounting tasks virtually with all the critical information you need in one place. The best part, there is no cost to you!
Contact CashManagementSales@BankNewport.com to add a Cash Management Package and/or ZEscrow to your Business Select Plus Checking Account3
1Outgoing wire fees: Domestic $22/International $32
2Check Scanner can be provided at an additional cost
3Enrolling in Cash Management Services is not included in your online application process. You will work separately with a cash Management Team member to add these services on to your account.
Zelle® For Small Business
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Zelle® for Small Business can be added to any Business Checking Account.
Zelle® brings your business a fast and easy way to send and receive money and request payments, all through Online and Mobile Banking.
To enroll your business, reach out to our Contact Center Team at 401.845.2265 or 877.709.2265 during regular business hours and a Representative will work with you to set up your account.
1U.S. checking or savings account required to use Zelle®. Transactions between enrolled consumers typically occur in minutes. To send or receive money with a small business, both parties must be enrolled with Zelle® directly through their financial institution’s online or mobile banking experience.