Business Checking Accounts - Cape Cod Cooperative Bank

Business Checking Accounts
Cape Cod Cooperative Bank is committed to helping you and your business achieve success. We understand the needs of businesses on the Cape, which is why we have designed our business checking accounts with a number of value added features to help your business run smoother. Manage your money with ease and efficiency using a Cape Cod Cooperative Bank business checking account. There are several options available to you including our Free Business Checking. However, depending upon your needs and how you use your checking account, any one of our business checking products can be free! Try our handy comparison chart to help you decide!

Which CCCB Business Checking is Right for You?

	CCCB Free Business Checking	CapeLife Business Exec	Business NOW¹Checking
How to get it FREE!	It is Free - first 150 transactions	Free Business Checking Acct when combined balances of $25,000 from a savings, new CapeLife Business Exec Money Market or commercial credit balances	Free with average balances per statement cycle of $1000
Best for businesses	Designed for start-up businesses or those that have low monthly balances in checking and minimal transactions	Relationship Banking designed for the more estab-lished business that utilizes multiple CCCB services and wishes to enjoy the additional benefits that this relationship can bring	Designed for sole proprietors and non-profit organizations that keep lower balances and would like to earn interest on the account
Online Banking	Free eBusinessBanker Basic	Free eBusinessBanker Basic	Free eBusinessBanker Basic
Online Bill Pay	Free eBusinessBanker Basic²	Free eBusinessBanker Basic²	Free eBusinessBanker Basic²
Online Cash Management	Free eBusinessBanker Basic	Free eBusinessBanker Basic	Free eBusinessBanker Basic
Free Telephone Banking	Yes	Yes	Yes
Available Ready Reserve Credit Line	Free³	Free³	Free³
Business Debit Mastercard(s)	Free	Free	Free
Free ATM Access at any ATM⁴	CCCB and SUM	Yes	CCCB and SUM
CCCB Business MasterCard/Visa	Free	Free	Free
Preferred CapeLife CD Rates	No	Yes	No
Preferred CapeLife Business Exec Money Market Plus rates	No	Yes-Business Exec	No
Free Personal Checking Account for Business Owner	No	Yes	No
Available Investment Sweep	No	Yes	No

1 For those that qualify for an interest bearing account.

2 Free Basic Level included up to 50 bill pays per month. There would be a charge for any bill payments beyond 50. More sophisticated cash management tools are available depending upon your specific needs through our Premier level and A La Carte services (charges vary depending upon service).

3 You must apply and qualify for these products to receive related benefits. Card is issued and all services and benefits are offered through 5Star Bank, Colorado Springs, Colorado.

4 Other banks may charge you a surcharge to use their ATMs.

The Cape Cod Cooperative Bank Escrow Account
Easy tracking of your clients’ deposits
The Cape Cod Cooperative Bank Escrow Account is designed specifically for Lawyers and Real Estate Brokers. It combines a Business Checking Account (see above) for the business entity and Statement Savings Accounts for its respective clients, providing easy tracking and handling of interest to clients.

Monthly statement combines Statement Savings Accounts and Business Checking Account
Interest accrues on the client accounts
1099 is sent to clients directly
Eliminate trips to the bank by viewing account information and making transfers to and from the master checking account via eBusinessBanker

Interest on Lawyers’ Trust Account (IOLTA)
Conforms to Attorney IOLTA Regulations
This is an interest-bearing NOW Checking Account used by attorneys to hold escrow monies for clients. As directed by the Massachusetts Supreme Judicial Court, all interest goes to the Massachusetts IOLTA Committee for further credit to charitable organizations.

Minimum opening deposit: $10
No service fees
Statements with cancelled checks mailed monthly
Interest earned is sent directly to the Massachusetts IOLTA Committee
View account information via eBusinessBanker

IMPORTANT ACCOUNT INFORMATION FOR OUR BUSINESS CUSTOMERS:
Transactions restricted by the Unlawful Internet Gambling Enforcement Act of 2006 are prohibited from being processed through commercial accounts as of December 1, 2009. For questions about this policy please contact a branch representative or our Call Center at 508.568.3400.

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