Business Services

Checking

Business Checking

A monthly earnings credit, which will fluctuate with market rates, will be applied against the investable account balance to offset or reduce any charges assessed to the account. Other fees may apply. See Deposit Account Agreement, Schedule of Charges and Deposit Account Terms for more details.
$100.00 minimum deposit to open account
$10.00 monthly maintenance
$.15 per check paid
$.12 per item deposited

The Business Checking account features:

• DimeOnLine Internet Banking
• Bill Pay
• 24-Hour Account InfoLine

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Business Checking 75

Monthly Maintenance Fee: $8.00
First 75 transactions* (per statement): FREE
Each transaction over 75: $0.25

To avoid monthly maintenance fee:
Average monthly balance: $2,500.00
or Minimum daily balance in related
Savings or Certificate of Deposit: $2,500.00

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Business Checking 150

Monthly Maintenance Fee: $10.00
First 150 transactions* (per statement): FREE
Each transaction over 150: $0.25

To avoid monthly maintenance fee:
Average monthly balance: $10,000.00
or Minimum daily balance in related
Savings or Certificate of Deposit: $10,000.00

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Business Checking 250

Monthly Maintenance Fee: $20.00
First 250 transactions* (per statement): FREE
Each transaction over 250: $0.25

To avoid monthly maintenance fee:
Average monthly balance: $20,000.00
or Minimum daily balance in related
Savings or Certificate of Deposit: $20,000.00

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Dime Cash Sweep Account

The Dime Cash Sweep is a money market investment product that allows you to earn a market rate of interest on excess funds in your checking account. Based on an established target balance, excess funds are automatically swept into your Dime Cash Sweep account. If your account balance falls below your target balance, funds are swept back into your checking account.
Monthly Maintenance Fee: $25.00

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Money Market Sole Proprietor Checking

This interest** bearing account is designed to meet the needs of sole proprietors.
Monthly Maintenance Fee: $8.00
First 75 transactions* (per statement): FREE
Each transaction over 75: $0.25
To avoid monthly maintenance fee:
Average monthly balance: $5,000.00
Interest rate: **Varies

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Non-Profit Interest Checking

Account structure is the same as the Sole Proprietor Checking Account.

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Interest On Lawyers’ Trust Accounts (IOLTA)

Interest bearing Checking Account designed for Lawyers’ to pool clients’ funds for short periods of time. Please contact your local branch for IOLTA account interest rates. There are no service charges with IOLTA accounts. The interest is transferred to the appropriate State Bar Foundation.

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Interest On Real Estate Broker Trust Accounts (IOREBTA)

Interest bearing Checking Account designed for Realtors***, free of service charge, to be used for deposits of their clients’ down payment and closing funds. IOREBTA Accounts use the same rate structure as the Sole Proprietor Money Market Checking. The interest is transferred to the Connecticut Housing Finance Authority.

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(*Transactions are defined as: any deposit, check paid, item deposited, ACH debits/credits, ATM deposits/withdrawals and POS/NYCE purchases. Other fees may apply. Please refer to the Schedule of Charges for a complete list of fees.)
(** Interest rates are variable and are subject to change at any time.)
(***This product offered to Connecticut Realtors only.)

For more information about Business Services, contact Joan Nagle, Vice President.