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Business Checking   |   Business Cash Management   |   Business Online Services   |   Cards
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Business Checking

Business Checking
Part of the Sovereign Business Complete banking package, Business Checking is designed for businesses with moderate transaction needs.

Sovereign Business Complete

Sovereign Business Complete is a package of essential banking products and services that a business needs to manage its cash flow and has all the elements that a successful business requires.

Included in Sovereign Business Complete are:

Business Checking
Sovereign Business Debit MasterCard®
Business Online Banking with BillPay
Business Money Market Savings account
Lower Rates and Fees on Credit Solutions

Time Saving Features
and Money Saving Services

You can also add these services to your Sovereign Business Complete package:

Onsite Check Deposit
Online Wire Transfers
Online ACH
Merchant Services
Payroll Services

Other Checking
and Professional Services Solutions

Business Interest Checking
Commercial Cash Management Checking
Solutions for Professional Services

Benefits for You and Your Employees


Available to business owners with a Sovereign business checking account.
Business Owner Premier Banking
Business Owner Preferred Banking
Partnership Banking
Learn more about FDIC Insurance
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MasterCard is a registered trademark of MasterCard International Incorporated.
* Monthly fees are waived when you maintain an average daily ledger balance in the checking account itself or a combined daily average balance in additional checking accounts, money market accounts, and savings accounts with the same owner as the Business Checking account. Only balances in these combined, same-owner business deposit accounts can be considered when calculating the combined balance.
** Transactions include checks paid, teller deposits, ATM deposits, deposited items, and ACH items (electronic debits and credits not originated by customer, Onsite Check Deposit batch deposits, Onsite Check Deposit items processed, and Onsite Check Deposit ACH converted transactions). Sovereign Merchant Services (credit and debit card payment processing), Sovereign Payroll & HR Services, and ACH debit items are not included.
In the case of excessive cash deposits, Sovereign reserves the right to transfer you to an account with more appropriate cash handling services.
*** Each month, up to $10,000 in cash may be deposited to Business Checking at no charge. Cash Deposits exceeding the monthly threshold will be assessed a charge of $0.22 per $100 for Express PackĀ® deposits and $0.27 per $100 for non-express Cash Pack deposits.
MasterCard Easy Savings Program Cardholder Terms and Conditions: Payment must be made in full at a participating merchant location with your Sovereign Business Debit MasterCard. Purchases do not qualify for the program if the purchase transaction is a PIN based transaction, originated outside of the U.S. or not processed through the MasterCard U.S. transaction processing system. The rebate will appear on your statement after the purchase has posted to your card account, not on the receipt, and may not be reflected until the next statement. Other terms and conditions apply. For more information, visit easysavings.com.
†† To qualify for the 1% discount, customer must, as of the date of the loan closing, either have a Business Checking Plus account or otherwise have a qualifying business checking account relationship with Sovereign Bank. To qualify for the .5% discount, the borrower must sign up for automatic payment deductions from a Sovereign business demand deposit account at loan closing. The continuation of such discounts is subject to the terms of the loan documentation. Other terms and conditions may apply.
††† Sovereign Bank will waive the one-time, up-front origination fee of $250 for a Business Advisor Line of Credit for an amount not exceeding $500,000. Other fees may apply for lines up to and including $500,000.
^ Online Wire module monthly fee and Online ACH module monthly fee is $40 and Business Checking Plus customers may use this module at no monthly fee.
^^ Not counted as part of the combined balance are the following: mortgage loans; student loans; credit card balances, unsecured personal loans and lines of credit issued by FIA Card Services, N.A.; the unused portion of any Sovereign credit line; and indirect auto loans obtained through automobile dealers.
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Next Steps
Call 877.768.1145 to speak with a Business Customer Contact Center Representative
Send an email and we will contact you within 24 business hours
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Related Resources
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