Citizens Bank has announced the launch of Clearly Better Business Checking, Tuesday, September 1st, in a press release by the company. The program, designed as a part of its Bank Better initiative, which is focused on making banking simple, clear and personal. The Clearly Better Business Checking account offers the value of a simple checking solution for small business customers.
“The number one thing we hear from small business owners is that they want financial products that help them spend less time managing their finances and more time focusing on running their businesses,“ said Quincy Miller, President of Business Banking at Citizens Bank. “With no need to monitor account activity for monthly maintenance fees or minimum balance requirements, Clearly Better Business Checking makes it easier for these business owners to focus on serving their customers and growing their businesses.”
The minimum amount required to open an account is $100, but there are no minimum balance requirements. Clearly Better Business Checking offers no maintenance fee or minimum balance requirement with the account. Small business owners can also make up to 200 transactions per statement period without incurring any transaction fees and 50¢ per additional check transaction which includes checks deposited, paid or cashed within the statement period.
There are no fees for electronic transactions and the Citizens Bank Mobile Banking App is free to download and is compatible with an iPhone®, iPad®, and Android™ devices. The mobile feature enables small businesses to access their accounts anywhere they do business.
Additional online banking and bill pay features include:
- Unlimited online access to accounts
- Make payments, set up alerts, and more
- Online banking safety and security guaranteed
Considering many of the banking frustrations that hinder the speed and efficiency affecting small businesses, Clearly Better Business Checking allows customers to bank without having to worry about any unknown fees impacting their businesses.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $137.3 billion in assets as of June 30, 2015. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. In Consumer Banking, Citizens helps its retail customers “bank better” with mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,200 ATMs and approximately 1,200 Citizens Bank branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Citizens also provides mortgage lending, auto lending, student lending and commercial banking services in select markets nationwide. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services including lending and deposits, capital markets, treasury services, foreign exchange and interest hedging, leasing and asset finance, specialty finance and trade finance.
Source: Citizens Bank