Start a Business

Account Options

Whether your banking needs are basic or complex, we have the right checking account to help you manage your money.

Option 1
The first option is a straightforward solution appropriate for businesses with low check-writing and transaction volumes. This account is low-cost and free of monthly maintenance charges.
Learn more . . .

Option 2
This option offers small-to mid-sized businesses with more complex needs many of the features standard to higher-priced corporate accounts, yet is very cost-effective. Choose predictable, affordable monthly charges, or keep balances on deposit to waive maintenance fees.
Learn more . . .

Option 3
This option is best for businesses with comprehensive transaction and reporting needs that require the broad range of options available through our traditional cash management and financial management solutions, including sophisticated online account tools. An earnings rate is applied to your balance, which generates a credit that can offset service charges. Learn more . . .

Each checking account includes:

• Business Banking Centers—nearly 800 Community Banking Offices with over 100 working as Business Banking Centers
  
• Business Banking Phone Center—dedicated phone center for businesses
  
• Touch Tone Banking—24-hour automated account access to account balance and transaction history information
  
• Business ATM Card—ATM access for convenient deposits and withdrawals
  
• Check Discounts—special discounts on your Intro Pack check order from Deluxe that includes everything you need to get started with your account. Plus, you can get other essential forms, even business cards, from Deluxe at the same time

Beyond the Basics

In addition to your checking account, below are additional services you should consider when getting started.

Business Credit
Whether you need working capital to purchase inventory, finance new or upgraded equipment, or purchase commercial real estate, Sovereign provides a variety of credit solutions to help your business meet short- and long-term borrowing needs.

Sovereign Merchant Services
A fast, reliable way to accept credit and debit card payments from your customers at point-of-sale and online. Combined with a Sovereign business checking account, you'll receive faster funds availability.

Onsite Payroll Services
Through our partnership with ADP—a leader in payroll and business solutions—our Onsite Payroll^TM program is a powerful solution that gives you the flexibility of in-house processing, and the confidence that your payroll is accurate and secure.

Tax Payments
Make tax payments easily via the Web or a touch-tone phone.

Insurance Services at Sovereign Bank
An array of property and casualty insurance services designed for businesses.