Advantage Business Checking
As your business banking needs grow, we’ve got the best business checking account to work to your advantage.
Advantage Business Checking
If you have a higher transaction volume or carry a higher balance, you need a business checking account that will help you put that extra activity to your Advantage, instead of charging you more in fees.
That’s why we’ve built the Advantage Business Checking account, to offer you up to 300 items per month and the power to combine the account with our cash management services to make it even easier for you to make and receive payments on behalf of your business.
Additionally, this relationship account enables businesses and organizations with more extensive deposit balances in other business checking, money market or savings accounts to use them to avoid the monthly service charge.
Features:
- Avoid monthly service charge if your balance is above $1,500 or $10,000 in combined balances
- First 300 transactions are free
- Free currency or rolled coin purchases
- Free Business Debit Mastercard®
- Free Online Banking, Bill Pay, and eStatements
- Overdraft Protection available with a Better Business Money Market Account
- Cash Management Services Available
- $100 minimum deposit to open
Account Details
| Advantage Business Checking | ||
|---|---|---|
| Minimum Balance to Open | $100.00 | |
| Monthly Maintenance Service Charge | $15.00 | |
| How you can avoid the monthly Maintenance Service Charge | Maintain daily average balance of $1,500.00 or combined balance of $10,000.00. | |
| Special Conditions | First 300 items presented – no charge; monthly Maintenance Service Charges waived for Non-Profit Organizations with 501(C)(3) documents. | |
| Per Item Fee | $0.15 per item in excess of 300 items | |
| Earnings Credit Rate | N/A | |
| Account Cycle | Last business day of the month. | |
| Paper Statement | $5.00 – waived when enrolled in eStatements. | |
| Cash Management Services | Available | |
| Description | This account is the solution for businesses and organizations with higher transaction volumes that do not yet have the need for a Commercial Checking. Additionally, this relationship account enables businesses and organizations with more extensive deposit balances in other business checking, money market or savings accounts to use them to avoid the monthly Maintenance Service Charge. |
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Account Features
Business Online Banking
An easy, convenient way to digitally manage your Torrington Savings Bank Accounts. Get balances, monitor account, pay bills, make transfers, and more.
Overdraft Protection
Avoid costly fees by applying for an overdraft line of credit or by linking a deposit account for overdraft protection.
Business Mobile Banking
Combining security features like facial recognition and debit card controls; plus banking features like viewing balances, making transfers, and more; our Mobile App helps you handle your business.
Electronic Statements
Better for your security and better for the environment, TSB offers eStatements to help make sure you have all your account information at your finger tips and easily accessible.
Chip-Enabled Business Debit Card
Get secure, safe and convenient access to your checking account. It’s easy to manage with a TSB Chip-Enabled Business Debit MasterCard®
Business Mobile Check Deposit
You don’t have to come into the bank to deposit checks anymore. Our Business Mobile Check Deposit app lets you deposit your check in a snap.
Cash Management Services
Make it easier than ever for your business to receive and make payments with TSB Cash Management services.
Positive Pay
With Positive Pay in place, you can have the peace of mind that comes with knowing your check and ACH payments are being actively monitored to prevent fraud.
Desktop Deposit
Quickly deposit multiple checks to your business account from your desk with a desktop check scanner.
Ways to Open
Explore Our Other Account Options
Commercial Checking
With our Commercial Checking Account, businesses can use earnings credits to offset fees and services – so that even as business banking needs increase, banking costs can stay low.
Small Business Checking
Our Small Business Checking offers big business value, including no monthly maintenance service charges!
Advantage Business Checking Details:
Monthly service charge of $15 is applied on balances that fall below $1,500 or do not maintain combined balances of $10,000 or more. After the first 300 transactions – A charge of $0.15 will be applied per transacted item (transactions include checks cleared or deposited, external deposits or withdrawals, and ATM or Debit Card transactions.) Refer to our Business Terms and Conditions Disclosure for the rules and regulations which apply to all of our accounts and our Common Fee Schedule for more information.
Business Product Fee Schedule Business Terms & Conditions
