Compare Checking Accounts
Small Business Checking | Advantage Business Checking | Commercial Checking | |
---|---|---|---|
Minimum Balance to Open | $25.00 | $100.00 | $100.00 |
Monthly Maintenance Service Charge | $0.00 | $15.00 | $15.00 |
How you can avoid the monthly Maintenance Service Charge | No minimum balance requirement. | Maintain daily average balance of $1,500.00 or combined balance of $10,000.00. | Can be offset by Earnings Credit. |
Special Conditions | First 100 items presented – no charge. | First 300 items presented – no charge; monthly Maintenance Service Charges waived for Non-Profit Organizations with 501(C)(3) documents. | N/A |
Per Item Fee | $0.25 per item in excess of 100 items | $0.15 per item in excess of 300 items | $0.15 per item |
Earnings Credit Rate | N/A | N/A | Varies |
Account Cycle | Last business day of the month. | Last business day of the month. | Last business day of the month. |
Paper Statement | $5.00 – waived when enrolled in eStatements. | $5.00 – waived when enrolled in eStatements. | $5.00 – waived when enrolled in eStatements. |
Cash Management Services | Available | Available – earnings credit may offset fees. | |
Description | This account is the solution for low transaction volume, small business checking accounts. No monthly service charge provided that the account receives e-statements and does not exceed 100 items during the monthly statement cycle. |
This account is the solution for businesses and organizations with higher transaction volumes that do not yet have the need for a Commercial Checking. Additionally, this relationship account enables businesses and organizations with more extensive deposit balances in other business checking, money market or savings accounts to use them to avoid the monthly Maintenance Service Charge. |
This analysis account is the solution for business and organizations that maintain a larger account balance or have higher transaction volumes. Competitive earnings credit can reduce or eliminate monthly maintenance service charges, per item fees and charges for various Cash Management Services. |
We Mean Business.
We offer checking accounts designed to accommodate businesses of all sizes with convenient features like:

Business Online Banking
An easy, convenient way to digitally manage your Torrington Savings Bank Accounts. Get balances, monitor account, pay bills, make transfers, and more.

Overdraft Protection
Avoid costly fees by applying for an overdraft line of credit or by linking a deposit account for overdraft protection.

Business Mobile Banking
Combining security features like facial recognition and debit card controls; plus banking features like viewing balances, making transfers, and more; our Mobile App helps you handle your business.

Electronic Statements
Better for your security and better for the environment, TSB offers eStatements to help make sure you have all your account information at your finger tips and easily accessible.

Chip-Enabled Business Debit Card
Get secure, safe and convenient access to your checking account. It’s easy to manage with a TSB Chip-Enabled Business Debit MasterCard®

Business Mobile Check Deposit
You don’t have to come into the bank to deposit checks anymore. Our Business Mobile Check Deposit app lets you deposit your check in a snap.

Cash Management Services
Make it easier than ever for your business to receive and make payments with TSB Cash Management services.

Positive Pay
With Positive Pay in place, you can have the peace of mind that comes with knowing your check and ACH payments are being actively monitored to prevent fraud.

Desktop Deposit
Quickly deposit multiple checks to your business account from your desk with a desktop check scanner.