Business Bank Account Offers

Business Checking Account Offer Details: Eligible WaterStone Bank business checking accounts require a minimum balance of $100.00 to open. Monthly minimum balance fees apply if applicable balance requirements are not met and vary by account type, ranging from $15.00 to $25.00, based on average daily balance thresholds or qualifying relationship requirements. The average daily balance is calculated by adding the principal in the account for each day of the statement cycle and dividing that figure by the number of days in the cycle. Debit and credit item fees may apply for activity exceeding monthly limits and vary by account, generally ranging from $0.15 to $0.35 per item, depending on account type and services used. A debit or credit item includes checks deposited or paid, non check deposits, electronic debits or credits, online bill payments, withdrawals, and armored car cash deposits or withdrawals. Business Interest Checking accounts earn interest. The Annual Percentage Yield (APY) is accurate as of February 13, 2026, and is based on the daily balance method: 0.01% APY on balances of $2,499.99 or less and 0.05% APY on balances of $2,500.00 or more, with the applicable APY paid on the entire balance. Interest rates and APYs are subject to change at any time, and fees may reduce earnings. For all business checking accounts, an inactive account fee of $10.00 per month will be imposed when the account is inactive for more than 60 calendar days. A statement cycle may run from the first day of the month through the last day of the same month. Accounts must remain open and active for 180 calendar days, or a $30.00 closing fee will be assessed at account closing. Additional products, services, and rate options may be available. See the applicable Account Disclosure for complete details.

New business customers who open an eligible Business Checking account may qualify for a one time cash bonus based on the average balance maintained during the third full statement cycle, provided the account remains open and active and the customer completes ten (10) or more customer initiated transactions within ninety (90) days of account opening. A statement cycle may run from the first day of a month through the last day of that same month.

A $300.00 bonus will be paid if the account maintains an average balance between $5,000.00 and $24,499.99 during the third full statement cycle. A $500.00 bonus will be paid if the account maintains an average balance between $25,000.00 and $49,999.99 during the third full statement cycle. A $700.00 bonus will be paid if the account maintains an average balance of $50,000.00 or more during the third full statement cycle.

In addition to the applicable balance based bonus, customers may earn additional bonus amounts by enrolling in certain services. An additional $125.00 bonus (for accounts qualifying for the $300.00 tier) or $150.00 bonus (for accounts qualifying for the $500.00 or $700.00 tiers) will be paid if the customer enrolls in Positive Pay services (Check, ACH, or Check and ACH) within ninety (90) days of Business Checking account opening. An additional $125.00 bonus (for accounts qualifying for the $300.00 tier) or $150.00 bonus (for accounts qualifying for the $500.00 or $700.00 tiers) will be paid if the customer establishes WaterStone Bank Merchant Services within one hundred eighty (180) days of account opening.

All bonuses will be credited as one-time deposits to the qualifying Business Checking account on the third full statement cycle; however, bonuses associated with Merchant Services will be paid on the sixth full statement cycle. Bonuses will appear on the account statement as “Bus Checking Promo.”  All offers require the account to be open and active for the applicable statement cycle to qualify.

If the Business Checking account is closed within one hundred eighty (180) calendar days of account opening, a payback fee equal to the total amount of all bonuses received will be imposed.

For tax reporting purposes, bonus amounts may be reported on IRS Form 1099.

Additional information regarding Business Checking accounts is available at wsbonline.com/business/business-checking/business-compare-checking-accounts.