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.
Designed for businesses with low to moderate banking activity and that typically conduct fewer than 100 transactions per month.
Designed for businesses that typically have checking balances in excess of $15,000 (or combined balances in excess of $25,000) and may need access to basic cash management services.
For businesses that prefer an Earnings Credit and access to a full range of cash management services.
For those unincorporated organizations that need basic, low cost, low transaction volume checking account.
An 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.
Business Checking Account | Business Premium Checking Account | Commercial Checking Account | Community Business Checking | |
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For businesses with low monthly transaction activity, Business Checking is an affordable option for your day to day business needs. | Designed specifically for businesses with moderate transaction activity, Business Premium Checking offers 400 transactions per month. | For large companies with heavy transaction activity and sophisticated cash management needs, we offer Commercial Checking. | For those unincorporated organizations that need basic, low cost, low transaction volume checking account. | |
Benefits |
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Monthly Service Charge | $9/month and $0.50 per item 2 processed in excess of 100. To Avoid Monthly Service Charges: Maintain an average daily balance of $6,000 in the account. | $20/month and $0.35 per item2 processed in excess of 400. To Avoid Monthly Service Charges: Maintain an average daily balance of $15,000 in your account or $25,000 in combined accounts4. | Service fees vary. | No Monthly Service Charge3. $2.00 Monthly charge with Paper Statements. |
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.
Visitors to this website may utilize a third party web based language translation service. Bank Rhode Island provides no warranty, express or implied, as to the accuracy, reliability, or correctness of web based language translations. Where there are any discrepancies in translation, the English version is binding. All of the Bank’s consumer disclosures are provided in English.
We’re excited to share that Brookline Bancorp, Inc. and Berkshire Hills Bancorp, Inc. have announced definitive plans to merge to create a powerful regional banking franchise serving the Northeast. Learn More Here.