Checking


Let our knowledgeable bankers help you find the checking account that best meets your business needs.

SMALL BUSINESS CONNECTION ACCOUNT*

Relationship banking that rewards you for all the business you do with Ledyard. It's a non-interest bearing checking account that is perfect for businesses with low monthly transaction activity.

Business owners can connect their personal and business account balances and receive a full range of no-fee Ledyard Plan personal banking benefits with a total combined balance of $7,500.

BUSINESS CHECKING*

Our account for businesses with more activity and, perhaps, larger average balances. A monthly earnings credit (based on the prevailing T-Bill index) will be calculated and credited against charges due. This credit is used to offset charges for the month, and not paid as interest.

BUSINESS NOW ACCOUNT*

This account is for sole proprietorships, non-profits and charitable organizations only. Interest is earned on the entire balance as long as an average daily balance of $750 is maintained.

  Business Checking Small Business Checking Business NOW Account
Minimum Balance No No Daily average balance of $750
Monthly Maintenance Fee $5.00 No $5.00
Deposit Fee $0.50 per deposit First 5 deposits free ($0.50 each thereafter) $0.50 per deposit
Items Deposited Fee $0.10 for each non-LNB item deposited No $0.10 for each non-LNB item deposited
Check Paid Fee/Withdrawal Charge $0.20 per check paid First 30 checks free ($0.20 each thereafter) $0.20 per check paid
Interest Paid No No Yes: Provided daily average balance is $750 or higher
Earning Credit Yes: Calculated monthly based on average balance to offset account fees No No
Other     Offering is limited to sole proprietors, not-for-profit entities and municipalities