Business Checking Accounts

When you're focused on growing your business, you need banking solutions that support you every step of the way.
 

Our Locations

Financial Solutions for Your Business

Opening a Business Checking Account is an important step toward building a strong financial foundation.

Shoreham Bank is proud to support entrepreneurs, business owners, and growing companies with banking solutions designed to simplify everyday financial management while providing the personalized service you deserve.

 
 

Our Accounts


Premier Business Checking

0.75%

APY1

0.74% Interest Rate
$10,000 Minimum Balance
Unlimited Transactions

Loyalty Business Checking

 0.00%

APY2

0.00% Interest Rate
$100 Opening Minimum
Unlimited Transactions












 

Why Open a Shoreham Bank Business Checking Account?

Business owners need convenience, reliability, and responsive service. That's exactly what we strive to provide. Open a Shoreham Bank Business Checking account today and receive: 

  • Convenient everyday business banking

  • Online and Mobile Banking 

  • Easy monitoring of account activity

  • Local decision-making and personalized service

  • Relationship-focused support from a community bank

     

Bank Where Business Happens 

At Shoreham Bank, we believe successful businesses strengthen the communities they serve. That's why we do more than provide accounts. We build local relationships.

  • Visit one of our branch locations

  • Reach out to our trusted team of bankers with your questions 401-773-2842

We believe financial conversations should feel comfortable and obligation-free, whenever you're ready.

 

 

Frequently Asked Questions about Business Checking Accounts

 
Do I need a separate checking account for my business?
 

In most cases, yes. Keeping business and personal finances separate can make bookkeeping easier, simplify tax preparation, provide a clearer picture of cash flow, and help maintain professional records.

What documents do I need to open a business checking account?
 

    • Tax identification information

    • Business licenses

    • Ownership information

    • Personal identification

    • Additional documentation may be required 

What is the difference between business checking and business savings? 

Business checking is generally used for everyday transactions, while business savings is often used for funds set aside for future expenses, growth opportunities, or emergency reserves. 
 

How do I choose the right business checking account?

Business owners often consider transaction needs, digital banking tools, convenience, customer service, growth plans, and relationship banking when selecting an account. The right account depends on your business's individual needs and financial goals. 

 

 

 
 

1. Annual Percentage Yield (APY) Effective 8/7/26 and is subject to change without notice. If the daily balance in the account falls below $10,000.00 on any day of the month, a service charge of $50.00 will be imposed. Fees could reduce earnings. Account type is only available in-branch.  

2. Loyalty Business Checking is subject to a $10 monthly maintenance fee. Fees could reduce earnings. Account type is only available in-branch.