Business Checking
























Banking that goes to work for you.

Our checking accounts are designed to make it easy to manage your business finances, no matter what stage you are at.  We offer accounts designed for businesses of all sizes.

 







Business Checking

Banking that fits your business
For entities with low to moderate transaction volume.
Benefits:
  • $50.00 minimum to open
  • No monthly service charge up to 500 transaction items* per month. Otherwise, pay $.50 per item for over 500 items.
  • Sweep accounts available.

View full benefits of this account >>

Business Plus Checking

The checking account that works for you

Designed for entities with large transaction volumes and higher balances.

Benefits:
  • $50.00 minimum to open
  • Earnings credit paid on collected balances is applied toward service charges. Service charge of $6.00 per month and $.12 per transactions item* processed.
  • Sweep accounts available

View full benefits of this account >>

Community Checking

Checking accounts for the greater good

A Community Checking Account is specifically for non-profit organizations and municipalities with a low to moderate transaction volume. No monthly service charge and interest paid monthly makes this account very beneficial.

Benefits:
  • $50.00 minimum to open
  • Interest paid in tiers
    • No service charge for customers who have low to moderate transaction volume, up to 500 transaction items* per month. Otherwise, pay a $.50 per item for over 500 items.
    • Monthly statements

View full benefits of this account >>



Municipal Checking 

Checking with earnings potential 

Our Municipal Checking Account is for municipalities with large transaction volumes and for those who maintain higher deposit balances. With interest paid monthly and no minimum balance requirements, this account offers earnings potential.

Benefits:
  • $50.00 minimum to open
  • Interest paid in tiers
    • Monthly service charge of $6.00 per month and $.12 per transaction item processed.
    • Monthly statements

View full benefits of this account >>






View and compare the benefits of our business checking accounts


 Business Business Plus Community Municipal
Balance to Earn Interest  N/A  N/A  $25,000 $25,000
Minimum Balance
to Open
  $50  $50   $50   $50 

Monthly Service Charge

N/A
$6
(Eligible for
earnings credit)

N/A

$6
Monthly Transaction Item Service Charge
 First 500 Transaction Items* Free/Statement Cycle, $.50 per item after
$.12 for each Transaction Item* processed
(Eligible for earnings credit)
 First 500 Transaction Items* Free/Statement Cycle, $.50 per item after
$.12 for each Transaction Item* processed

Earnings Credit

N/A
 $.05 per $100 earned on average collected balance per statement cycle

N/A

N/A
Statements
(with images)
 Monthly
 Monthly Monthly Monthly
ATM Transactions
Free at all Skowhegan Savings
locations
Free at all Skowhegan Savings
locations
Free at all Skowhegan Savings
locations
Free at all Skowhegan Savings
locations
Free Online, Mobile & Telephone Banking Yes
 Yes Yes Yes
Free Bill Pay
  Yes Yes   Yes  Yes
Free Debit Mastercard® Yes Yes Yes Yes

 
For all terms and conditions, see full disclosures provided at account opening.

*Transaction items include but are not limited to, all items posted to the account such as checks written, checks deposited, automatic deposits and withdrawls.
 
 

Additional business account benefits:

Sweep Account - a fully automated cash management solution that earns maximum interest

Multiple Users - offers the ability to establish multiple IDs with customizable permissions

ACH Processing - allows you to electronically process receivables and payables

Remote Deposit - deposit checks from anywhere

Outgoing Bank Wire - provides a secure method of transferring funds

Merchant Services - credit card processing and gift cards

Payroll Services - payroll, direct deposit, withholding and auto tax pay



See Personal Banker for full product disclosure.

*Transaction items include, but are not limited to, all items posted to accounts such as checks written, checks deposited, automatic deposits and withdrawals.


Here for the makers; the businesses that help move Maine forward.

Business Savings
A great way to start you on your way to bigger investments while providing easy, convenient access.
 

Digital Banking
Our online and mobile banking make managing your finances easy, intuitive and simple.
 
 
Business Term Loans
Our term loans give you funds to expand facilities or purchase equipment and machinery.
 
 
Lines of Credit
Our business line of credit is a versatile tool that gives you pre-approved access to funds when you need them.
 
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See a Personal Banker for full product disclosure.


*Third party fees may apply.