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Business Checking

Say yes to no-fee, no-minimum business checking accounts with benefits.

Business Checking

No minimum balance. No service fees. No stress. Our business checking account gives you that and more.

Features & Benefits

  • No minimum balance requirement1
  • No per-check or monthly service fees
  • No cash transaction fees
  • Unlimited transactions and use of Maspeth Federal Savings ATMs
  • Deposit checks with Remote Deposit Capture2 which provides the convenience of depositing checks without having to go to the bank
  • Free online business banking and telephone banking
  • Two overdraft protection options
  • Free ATM/Debit MasterCard® with contactless technology
  • Surcharge-free3 access to over 95,000 ATMs within the Allpoint and MoneyPass networks, including participating ATMs at CVS, Rite Aid, 7-Eleven, Target and Walgreens
  • Free e-Statements with digital copies of cancelled checks
  • Wire transfer services
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1$500.00 deposit required to open account, plus check printing charges and $1.00 to maintain the account. See Business FAQs for required documentation to open an account.

2An application is required for Remote Deposit Capture and subject to approval by management. Customer must obtain their own compatible RDC scanner, computer, and internet access. All equipment and hardware must meet MFS standards.  See agreement for terms, restrictions, and conditions.

3While we don’t charge a fee for use at another bank’s ATM, other banks may charge a fee. International fees may apply.


IOLA Accounts

Help improve the quality of justice with every deposit you make and check you write with an Interest on Lawyers Account (IOLA). Interest accrued on your firm's escrow deposits supports legal aid and education across New York state.

Features & Benefits

  • No minimum balance1
  • Unlimited deposits and withdrawals
  • Checks drawn on interest-bearing IOLA accounts only
  • Accrued interest transferred to New York State IOLA
  • Supports IOLA Fund grants to nonprofit civil legal services statewide
Visit a Branch

1$1.00 deposit plus check printing charges required to open account. Available only to lawyers or law firms registered to practice law within the state of New York. Before opening an IOLA account, please visit our FAQ page to review a list of required documentation and disclosures.

Overdraft Protection

We’ve all been there. Avoid fees, delays and the hassle of returned checks. Choose from two convenient options.

Protection Program1

Paired with your business checking account, our protection program ensures up to $1,000 in coverage for accidental overdrafts.

Statement Savings to Checking Account Transfer Program

If a check comes in for payment and your balance can’t quite cover it, we’ll transfer the difference from your savings account into checking2.

1Application and approval required. $10.00 application fee. Overdraft limits will vary based on individual application. Repayment terms and conditions apply.

2No application or approvals required. Just stop by your closest branch to set it up.

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Checking Account Services & Features

All our business checking accounts include:

  • Debit MasterCard®

    Contactless chip technology. Surcharge-free ATM access. Web-enabled travel alerts. That's a debit card that maintains your lifestyle.

    Learn More

  • Online Business Banking

    Manage your finances wherever business takes you – all in one convenient place.

    Learn More

    Reorder Checks

    Running low? You can reorder checks by mailing or dropping off the order form at your local bank branch or via online business banking.

    Learn Moreabout Reordering Checks

    Services And Resources

    Resources

    Account Services

    Routing Number #:
    221472792
    NMLS #:
    410836
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