Business Banking Made Simple
If your business is a legal entity, you will be required to provide the bank with some specific information about your company. This change in federal regulations requires all financial institutions to obtain beneficial ownership information for legal entities opening a business account. To make this process as friendly as possible, we’re providing business owners with quick reference FAQs.
Compare Business Checking Accounts
Breakaway Business Checking
I want an account with no monthly service fees, no minimum balance, free deposits and checks paid, and free starter checks.
Cash Management Checking
I want an account that allows me to control employee access to originate ACH + wires, transfer funds, make deposits remotely, and/or import into QuickBooks.
Compare Business Checking Accounts
Breakaway Business Checking
I want an account with no monthly service fees, no minimum balance, free deposits and checks paid, and free starter checks.
Cash Management Checking
I want an account that allows me to control employee access to originate ACH + wires, transfer funds, make deposits remotely, and/or import into QuickBooks.
Monthly Service Fees
Monthly Service Fees
$0
Monthly Service Fees
$39
Minimum Balance to Waive Fee
Minimum Balance to Waive Fee
No minimum balance required
Minimum Balance to Waive Fee
$25,000
minimum average daily balance
during monthly statement cycle
minimum average daily balance
during monthly statement cycle
Free Unlimited Checks Paid & Items Deposited
Free Unlimited Checks Paid & Items Deposited
Yes
Free Unlimited Checks Paid & Items Deposited
Yes
ATM Transaction Fees1
ATM Transaction Fees1
Yes
ATM Transaction Fees1
Yes
Free Business Debit Card
Free Business Debit Card
Yes
Free Business Debit Card
Yes
Free Online Banking
Free Online Banking
Yes
Free Online Banking
Yes
Free Business Bill Pay
Free Business Bill Pay
Yes
Free Business Bill Pay
Yes
First Order of Checks Is Free up to $100
First Order of Checks Is Free up to $100
Yes
First Order of Checks Is Free up to $100
Yes
Free Connect to QuickBooks®/Quicken®
Free Connect to QuickBooks®/Quicken®
Yes
Free Connect to QuickBooks®/Quicken®
Yes
Positive Pay - Fraud Detection
Positive Pay - Fraud Detection
No
Positive Pay - Fraud Detection
Yes
Zero Balance Accounts
Zero Balance Accounts
No
Zero Balance Accounts
Yes
Online ACH
Online ACH
No
Online ACH
Yes
Smart Overdraft Transfer2
Smart Overdraft Transfer2
Yes
Smart Overdraft Transfer2
Yes
Optional Add-on Services3
Optional Add-on Services3
Remote Deposit Capture, Merchant Services, Business Credit Cards, Payroll Services, Wire Transfers and Lockbox Services
Business Credit Cards
We've partnered with Élan Credit Card Services to offer Kennebunk Savings Visa® Credit Cards for businesses —designed to help you improve cash flow, track and control expenses, streamline accounts payable, and more.
Educate yourself on our Business Overdraft Protection Plans
Providing solutions to our customers’ financial needs is a top priority of ours. Learn more about ways to best manage your business account to avoid overdrafts. In the event you do overdraft your business account, we offer four overdraft solutions/options.
Online Business Tools
Kennebunk Savings is committed to providing you with the online and mobile services you need to make informed decisions for your business. From online cash management and bill pay to security tips and information, we offer tools and helpful advice that can make banking easy so you can focus on growing your business.
Video Tutorials
From the Blog
What is Google Pay™ and How Do I Use It?
Google Pay™ allows you to pay for purchases with an Android® smart device. Simply tap a button on your device and hold it over the contactless payment terminal at checkout.
6 Tips for Managing Cash Flow in a Seasonal Business
If you run a seasonal business you already know the ins and outs and ups and downs that make managing cash flow such a balancing act—particularly during the off-season. Here are a few tips for seasonal businesses, to help keep cash flowing in the right direction all year long.
Continue Reading 6 Tips for Managing Cash Flow in a Seasonal Business