At Bank Rhode Island your checking account is more than just a way to pay bills; it’s the center of your banking relationship.
That’s why we offer a full range of checking solutions and services designed to put you in control of your money.
To learn more about our business checking solutions and other business services, please contact your local branch or our Business Banking Team.
At Bank Rhode Island, we realize that no two businesses are alike. That’s why we offer business checking accounts that fit the needs of any organization, regardless of size or complexity. Our accounts come with a range of features and the exceptional service our customers have come to expect from BankRI.
Business Checking is designed for businesses with lower to moderate banking activity and that typically conduct fewer than 100 transactions per month.
Business Premium Checking is designed for businesses that typically have checking balances in excess of $15,000 (or checking, savings and money market balances in excess of $25,000) and that may need access to basic cash management services, such as online ACH or wire transfer initiation.
For businesses looking for a checking account with an Earnings Credit and access to a full range of cash management services, our Commercial Checking account is the right choice.
For those unincorporated organizations that need basic, low cost, low transaction volume checking account.
An IOLTA from BankRI is a free, interest-bearing checking account for lawyers who administer client funds.
A BankRI Business Banker will be happy to discuss your business’s unique financial needs and provide a tailored solution.
For businesses with low monthly transaction activity, Business Checking is an affordable option for your day to day business needs.
1Items include checks paid, electronic items, deposits and deposited items.
Designed specifically for businesses with moderate transaction activity, Business Premium Checking offers 400 transactions per month.
1Items include checks paid, electronic items, deposits and deposited items.
For large companies with heavy transaction activity and sophisticated cash management needs, we offer Commercial Checking.
Community Business Checking is a basic account for unincorporated entities such as community groups, clubs and leagues. It provides a no or low-cost account with many features – including no minimum balance requirement.
1Each additional debit over 20 is $1.00
2A $2.00 monthly fee applies if you choose to receive paper statements
An IOLTA from BankRI is a free account that allows lawyers who administer client funds an opportunity to earn interest on their funds. There is a $100 minimum to open this account.
Our electronic check recovery service significantly reduces the burden of collections, while potentially doubling your recovery rate. You collect more returned checks and get 100% of the face value of all checks that are collected electronically.
