This product is for the small to mid size company or corporation. The minimum deposit to open an account is $100.00. There is no minimum balance to maintain. There is a low monthly maintenance service charge and service charges based on deposit and withdrawal activity. This type of account accrues earnings credits based on the daily balance in the account and these credits are used to offset service charges.
Chelsea Bank’s service charges and earning credits are very competitive compared with our competition.
Online Banking and Debit Cards for designated individuals are available.
Remote Deposit Capture (RDC) services are available from our third party provider, or you are free to select your own provider.